10 Jun 2015 07:00
AIM: SHRE
Share plc
("Share" or "the Group")
AGM Statement
Share plc, 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.
As reported on 28 April 2015, trading in the first quarter of the financial year was in line with management expectations in the relatively more subdued environment ahead of the General Election. Dealing volumes since the end of the first quarter have held up well and the Group's market share in April against our peers*, as independently measured by ComPeer Limited, showed an increase to 8.44% (April 2014: 8.02%). This builds on our previously reported Q1 market share result which showed an increase to 7.48% against 7.30% in Q1 2014. These encouraging peer group results reflect better revenue performance as compared to our peers and, more recently, the benefits of our contract with Barclays Stockbrokers, to provide certificated dealing services, where revenues are now beginning to flow through. The Group's share of new ISA accounts opened in Q1 2015 also showed an increase to 4.74% as compared to 3.44% in 2014, as measured by Compeer against 17 competitors in the broader retail stockbroking market.
The Group's half year results to 30 June 2015 are expected to be released on 29 July 2015.
* The peers who contribute monthly data to Compeer Limited to enable the generation of the benchmarked revenue market share data comprise: 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 | T: 01296 439 100 / 07767 337 696 |
Richard Stone, Chief Executive | T: 01296 439 270 / 07919 220 599 |
Mike Birkett, Finance Director | T: 01296 439 479 |
Stephanie Reynolds, PR Manager | T: 01296 439 256 |
Barbara Pierssene, Company Secretary
| |
Cenkos Securities plc (Nominated Adviser) | T: 020 7397 8900 |
Ivonne Cantu / Mark Connelly | |
KTZ Communications (Financial Public Relations) | |
Katie Tzouliadis | T: 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, 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 share plan administration and 'whitelabel' 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.