Share PLC Re: Partnership Agreement & Trading Update (4823P)
31 August 2017 - 11:56PM
UK Regulatory
TIDMSHRE
RNS Number : 4823P
Share PLC
31 August 2017
31 August 2017
AIM: SHRE
Share plc
("Share" or "the Company")
Re: Partnership Agreement & Trading Update
Share, which operates The Share Centre Limited, a leading
independent UK stockbroker, announces that it is to receive a
one-off payment of GBP900,000 in 2017 as a result of product
development work completed, but now not progressing. This work was
carried out for a prospective new partner previously announced by
the Company. The prospective partner has decided not to proceed
with the launch of that product at this point in time. The
relationship between the two parties remains strong.
Given the above, the Company anticipates that reported
performance for the current financial year will now be materially
ahead of current market expectations. The Company will exclude this
one-off gain when reporting underlying profitability to ensure
appropriate year-on-year comparisons. The Company also reports that
current trading remains strong, in line with market expectations,
and substantially ahead of the same period last year.
Partnerships and strategic acquisitions remain an important
element of the Company's growth strategy and Share remains actively
engaged in a pipeline of opportunities. Given the number of
material third party relationships now established, including with
Barclays and Computershare, the Company is pleased to announce
that, subject to regulatory approval, the Board of The Share Centre
Limited has decided to appoint Linda Roberts as Director of
Partnerships and Change. Linda has worked for The Share Centre for
nearly eight years, most recently as Head of Business Services,
where she held overall responsibility for the project management of
all major change projects and third party service
implementations.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For further information please contact:
Share plc
01296 439 270 /
Richard Stone, Chief Executive 07919 220 599
Mike Birkett, Finance Director 01296 439 479
Joe Dumont, Head of Corporate
Communications 01296 439 426
Cenkos Securities plc (Nominated
Adviser and broker) 020 7397 8900
Ivonne Cantu / Mark Connelly
KTZ Communications (Financial
Public Relations)
Katie Tzouliadis / Irene
Bermont-Penn / Emma Pearson 020 3178 6378
About Share plc:
Share plc is the parent holding company of The Share Centre
Limited and its shares are traded on AIM. The Share Centre started
trading in 1991 and provides a range of account-based services to
enable investors to share in the wealth of the stock market. Retail
services include share accounts, ISAs, Junior ISAs and SIPPs, all
with the benefit of investment advice, and dealing in a wide range
of investments. Services available to corporate clients include
Enterprise Investment Scheme administration and 'white-label'
dealing platforms.
For more details contact 0800 800 008, or visit www.shareplc.com
or www.share.com
Risk Warning
This document 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 document 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 document 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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