10 Jun 2014 07:00
AIM: SHRE
Share plc
("Share" or "the Company" 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.
After a good start to the year, the positive trends seen in the first quarter have continued into the second quarter of the year and the Company continues to trade in line with management expectations. As announced on 24 April, revenues in the first quarter of 2014 were 6.3% higher than in the same period in 2013, with dealing commission up by 19% year-on-year and fee income up by 2%. The Company's performance in the first quarter against benchmarked peers has also been encouraging as previously reported with the Group's market share of peer group revenues at 7.30% (2013: 7.19%).
The Group's first half results to 30 June 2014 will be released on 5 August 2014.
Share also reports that after 16 years with The Share Centre as Director of Investor Service and Technology, Jeremy Helliwell will be retiring in October. A search for a new Director of Customer Experience for The Share Centre Limited is underway and progressing well. As a member of our senior management team, Jeremy has made a significant contribution to the business, putting in place the customer service disciplines which have enabled us to win multiple awards over many years for the quality of the service we provide to our customers. The Board and all his colleagues wish him a long and enjoyable retirement.
For further information please contact
Share plc | ||
Gavin Oldham, Chairman | T: 01296 439 100 | |
Richard Stone, Chief Executive | T: 01296 439 270 | |
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 and broker) | T: 020 7397 8900 | |
Stephen Keys / Ivonne Cantu / Mark Connelly | ||
KTZ Communications (Financial Public Relations) | T: 020 3178 6378 | |
Katie Tzouliadis/ Deborah Walter |
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 '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.