SHRE.L Regulatory News (SHRE)

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.