Investment in ByteDance Ltd

Shaires Holdings Ltd

13 August 2026

 

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

13 August 2026

SHAIRES HOLDINGS LTD

("Shaires" or the "Company")

AIM: SHR

Investment in ByteDance Ltd

Shaires Holdings Ltd, the publicly quoted London investment company focused on providing investors with exposure to leading private technology and AI businesses, announces that it has made a US$15.0 million investment providing an indirect equity investment in ByteDance Ltd ("ByteDance"). ByteDance is the global technology group behind TikTok, Douyin and Doubao. The investment will represent an indirect interest of approximately 0.003% in the equity of ByteDance and is made through a dedicated share class of a regulated Luxembourg fund, which is acquiring ByteDance Series B Preferred Shares in a company-approved secondary sale from an existing shareholder.

Highlights

•   US$15.0 million for an indirect interest in ByteDance Series B Preferred Shares.

•  Entry valuation of US$585 billion (an equivalent price of US$355.5 per share); an all-in valuation equivalent of approximately US$620 billion including a 6% upfront fee, with no management fee and no carried interest; total cash outlay of approximately US$15.9 million.

• Held via a newly established, dedicated, ring-fenced share class within a regulated Luxembourg SICAV-RAIF structure with independent custody and administration. The sole asset of the Luxembourg vehicle will be its interest in ByteDance Series B Preferred Shares.

•  Consistent with the Company's investing policy; funded from the Company's existing cash resources and proceeds from the recently concluded institutional placing.

•   Completion expected within the next two weeks, subject to customary closing conditions.

•   An overview video of the Company with CEO Vivek Seth is available on-demand at: https://shaires-holdings.com/?preview=cav81dllxremeq.

About ByteDance

ByteDance is one of the world's largest privately held technology companies and a leader in AI-native media, advertising and e-commerce, with franchises including Douyin, TikTok and the Doubao AI assistant. In addition ByteDance has made considerable investments into artificial intelligence models including the leading video model Seedance. ByteDance is a private company and does not publish audited financial statements; figures in this announcement are unaudited third-party estimates.

Further information pursuant to Schedule 4 of the AIM Rules for Companies

It is not possible to provide the profit or loss figure for ByteDance as it does not publish financial statements and accordingly, no profit or loss figure attributable to ByteDance is available for disclosure. It is a privately-held company and therefore has no legal requirement to issue financial statements.

Principal risks

The investment carries China-US geopolitical and regulatory risk; ByteDance is private and illiquid with no announced IPO timeline, so realisation depends on negotiated secondary transactions; and financial information is estimated and unaudited. The value of the investment may fall as well as rise.

Board and Management comments

Suhail Rizvi, Executive Chairman of Shaires, said:

"ByteDance is one of a small number of private companies that has genuinely reshaped how the world consumes media, advertising and commerce, and it is now bringing that same scale to artificial intelligence. For public-market investors it has been effectively unreachable, we are therefore very pleased to have been able to secure this investment through a company-approved secondary transaction.

"This is precisely the kind of position Shaires was built to hold: a category-defining company, bought at what we consider an exciting entry point, and held for the long term."

Investor Meet Company webinar

CEO Vivek Seth will provide a company presentation via Investor Meet Company on Friday 14 August 2026 at 14:00 BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 09:00 BST on Friday 14 August 2026, or at any time during the presentation.

Investors can sign up to Investor Meet Company for free and add to meet SHAIRES HOLDINGS LTD via: https://www.investormeetcompany.com/shaires-holdings-ltd-1/register-investor

Investors who already follow SHAIRES HOLDINGS LTD on the Investor Meet Company platform will automatically be invited.

Enquiries

Shaires Holdings Ltd Via Tavistock
Zeus - Nominated Adviser & Broker James Joyce, Andrew de Andrade	[phone]
Tavistock - Financial PR Jos Simson, Kuba Stawiski, Henry Kirby	[e-mail] [phone]

About Shaires Holdings Ltd

Shaires Holdings Ltd (AIM: SHR) is a publicly quoted London investment company that provides public market investors with concentrated exposure to leading private mid- and late-stage technology companies, with a particular focus on artificial intelligence. The Company is internally managed and charges no management or performance fees.

In addition to cash investments, the Company may acquire positions through in-kind (in specie) contributions, whereby employees and early shareholders of private technology companies may exchange eligible holdings for new Ordinary Shares in the Company, therefore providing them liquidity and diversification. Through this mechanism, public-market investors gain access to an asset class historically closed to them.

With an emerging megatrend of large frontier AI companies vertically integrating their business throughout the value chain from modelling through to chips and services, the Shaires board and management believe that they have the right methodology and strategy to provide capital to the best next-generation businesses.

Further information is available at www.shaires-holdings.com.

Forward-looking statements are subject to risks and uncertainties and actual results may differ materially. ByteDance figures are unaudited estimates or management-reported. Nothing in this announcement is investment advice or a recommendation; the value of investments can go down as well as up.

 

END