SHRE.L Regulatory News (SHRE)

Share plc - Annual General Meeting Statement

Share plc (AIM: SHRE), whose principal business is The Share Centre Limited, one of the leading independent UK stockbrokers, will hold its Annual General Meeting today at the London Stock Exchange.

At the meeting, the directors will make a presentation to shareholders, in particular reviewing the growth trends in the online "execution-only" investment sector over the past 10 years as well as Share plc's performance in 2011. A copy of the presentation will be available from Wednesday 20 June on Share plc's website: www.shareplc.com 

Current economic uncertainties have impacted investor confidence and therefore volumes within the retail investment market in recent months, including at The Share Centre Limited. However, taking a longer term view of the sector, the presentation will refer to recent analysis from ComPeer, the wealth management benchmarking and analysis specialists, which demonstrates that business levels in the online 'execution-only' investment sector have continued to increase steadily over the past 10 years in spite of generally lacklustre stockmarkets. Gavin Oldham, Chief Executive, will draw shareholders' attention to the overall market growth in execution-only nominee accounts, up from one million in 2003 to just under 3.5 million today. He will also highlight the corresponding growth in assets under administration and overall growth in execution-only industry revenues over the past six years.

Finance Director, Richard Stone, will report on Share plc's continuing good market share performance within the execution-only peer group, as analysed by ComPeer*.

In addition the company will also update shareholders on a number of developments:

Transfer of accounts from JPJShare.com

As announced on 18 May 2012, The Share Centre has agreed to acquire the customer base of JPJShare.com, comprising approximately 4,500 accounts and assets under management of c.£60 million. In line with the requirements of the Financial Services Commission (the Isle of Man financial services regulator), all customers have been given 20 days notice of the transfer of accounts which is due to take effect on Monday 25 June. We have already had positive contact with many of the JPJShare.com customers. We look forward to welcoming them to The Share Centre and to providing them with our high quality offering, including our award-winning customer service.

Mobile dealing service

We have been making good progress in developing a mobile dealing interface for our customers. Unlike several other mobile offerings, our solution is not in the form of a device-specific 'app', but is instead a device-agnostic, web-based application for a wide range of mobile devices, including tablets. This service will be available from July for account customers of The Share Centre.

The Group expects to announce its first half results on 6 August 2012.

* The peer group comprises: Alliance Trust Savings, Barclays Stockbrokers, Equiniti, Halifax Sharedealing (HBoS), HSBC Stockbrokers, NatWest Stockbrokers (RBS), Saga Personal Finance, Selftrade and TD Waterhouse Investor Services Europe.

For further information please contact:

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 Services 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. Sharemark is an auction-based dealing facility designed primarily for emerging or smaller companies to which a higher investment risk tends to be attached than to larger or more established companies. The securities traded on Sharemark may not be listed. The Sharemark trading facility is operated by The Share Centre Limited. The Share Centre is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority under reference 146768. Sharemark constitutes a Multilateral Trading Facility and is not a recognised investment exchange, clearing house or regulated market within the meaning of the Markets in Financial Instruments Directive.

Notes for Editors:

1. Share plc is the parent holding company of The Share Centre Limited and Sharefunds Limited and its shares are traded on AIM and also on Sharemark (www.sharemark.com), the auction-based trading platform designed especially for growing companies.

2. 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.

3. Retail 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.

4. Services available to corporate clients include share plan administration, fund administration and 'white-label' dealing platforms.

5. For more details contact 0800 800 008, or visit www.shareplc.com or www.share.com.