AIM: SHRE
Share plc
("Share" or "the Company" or "the Group")
AGM Statement and Major New Partnership
Share, which operates The Share Centre Limited, a leading independent UK stockbroker, will be
holding its Annual General Meeting at 11.00 a.m. today and will provide the following update on trading for the current financial
year ending 31 December 2016.
The Company is pleased to announce that Share's trading performance in the financial year to date
continues to be in line with management expectations and, in addition, that it is in advanced discussions over a major new
agreement, further details of which are provided below.
As anticipated, investor activity has remained subdued since the end of the first quarter, with the
EU referendum impacting retail investor behaviour. In a poll undertaken by the Company in May 2016, 20% of customers indicated
that they had deferred investment decisions or changed their investment behaviour, with a further 18% indicating that they were
planning to do so before 23 June. Nonetheless, Share is delighted to report that independent research indicates that the Company
has continued to outperform its peer group. Data collated by ComPeer Limited* shows that the Company's share of new ISA accounts
opened in Q1 2016 was 4.94% as compared to 4.74% in 2015. In addition, Share continues to take a lead in product innovation
and is one of the first in its market to make available the new Flexible ISA, introduced by the Government in April
2016.
Major new partnership
In our April Q1 trading update, we announced a major new partnership. We are delighted today to be
able to announce a further major new agreement.
We are pleased to announce that The Share Centre is in advanced discussions and initial development
work for a leading wealth management business. The development work is designed to deliver a streamlined administration service
for part of that business's operations enabling an enhanced service experience for end customers and intermediaries. It is
intended that The Share Centre will provide core custody and transactional services on an outsourced basis as part of the ongoing
service. These services are expected to launch in early 2017 and it is expected to add materially to Share's revenue and profits
from 2017 onwards.
Further details will be announced in due course on both these initiatives.
The Group's first half results to 30 June 2016 will be released on 10 August 2016.
* The benchmarked peer group comprises: Alliance Trust Savings, Barclays
Stockbrokers, Equiniti, Halifax Sharedealing (HBoS), HSBC Stockbrokers, Saga Personal Finance, Selftrade and TD Direct
Investing.
For further information please contact:
Share plc
Gavin Oldham,
Chairman
01296 41 41 41
Richard Stone, Chief Executive
Mike Birkett, Finance Director
Joe Dumont, Head of Corporate Communications
Cenkos Securities plc (Nominated Adviser)
Ivonne Cantu / Mark
Connelly 020
7397 8900
KTZ Communications (Financial Public Relations)
Katie
Tzouliadis
020 3178 6378
Notes for Editors:
Share plc is the parent holding company of The Share Centre Limited, which trades as The Share
Centre, and Sharefunds Limited. The Share Centre, which started trading in 1991, provides a range of account-based services to
enable investors to share in the wealth of the stock market. Services include Share Accounts, ISAs, Junior ISAs, CTF accounts and
SIPPs, all with the benefit of investment advice, and dealing in a wide range of investments. As well as providing online
execution-only dealing services to private investors, The Share Centre also provides services to corporate clients including
Enterprise Investment Scheme administration and 'white-label' dealing platforms.
For more details on Share plc and The Share Centre, please visit www.shareplc.com and
www.share.com.
Risk Warning
This announcement is not intended to constitute an offer or agreement to buy or sell investments and
does not constitute a personal recommendation.
The investments and services referred to in this announcement may not be suitable for every investor
and if in doubt independent financial advice should be sought. No liability is accepted whatsoever for any loss howsoever arising
from any information in this announcement subject to the rules of the Financial Conduct Authority or the Financial Services and
Markets Act 2000. Share prices, values and income can go down as well as up and investors may get back less than their initial
investment.
The Share Centre is a member of the London Stock Exchange and is authorised and regulated by the
Financial Conduct Authority under reference 146768.