Hastings Pier shares deadline is extended

Proposed renovated pier Hastings Pier is being rebuilt with £14m of money raised mainly through the Heritage Lottery Fund

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The deadline to buy shares in Hastings Pier has been extended so more money can be raised for the Grade II listed structure's restoration.

More than £170,000 worth of shares - at £100 each - have been sold since October, £30,000 short of Hastings Pier Charity's minimum target.

The share offer was due to close on 4 January but it has now been put back to 5 April.

The 140-year-old pier is being rebuilt following a severe fire in 2010.

The majority of the £14m needed to restore the structure has come through the Heritage Lottery Fund but Hastings Pier Charity hopes a further £500,000 can be raised by selling shares.

Simon Opie, CEO of the Hastings Pier Charity, said: "We've already raised well over £170,000 and the huge majority of that is local investors and small sums, but we need around £500,000 to finish the building and put visitor attractions on to the pier."

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