15 Dec 2016 07:00
15 December 2016
AIM: SHRE
Share plc
("Share")
Invesco Perpetual named as counterparty
in
The Share Centre's acquisition of a book of accounts
Share (AIM: SHRE.LN), a leading UK independent retail stockbroker which operates The Share Centre, announced on the 25 October it had agreed to acquire an active book of accounts covering up to 8,700 customers and over £200m of assets under administration, predominantly in ISA accounts.
We are now pleased to be able to disclose that the business concerned is being acquired from Invesco Perpetual, one of the UK's leading fund and investment trust managers.
The Share Centre will be acquiring the direct to consumer investment trust accounts. Invesco Perpetual will continue to operate their highly regarded Investment Trusts in which the assets in these accounts are invested.
Richard Stone, Chief Executive of Share plc, commented:
"I am delighted to announce that the strategic acquisition of a book of accounts announced back in October is from Invesco Perpetual, one of the UK's leading names in fund and investment trust management. It is a privilege to have been chosen by the company as the best home for their investment trust customers who hold their investments directly, thus enabling Invesco Perpetual to focus on the investment trust management rather than retail distribution or administration.
The Share Centre is a strong advocate of investment trusts. Indeed we recently launched a preferred list of investment trusts to help personal investors navigate the market. This acquisition further positions The Share Centre as a leading provider of administration services to those investment trust managers wanting to ensure retail investors have the best possible service when choosing to invest in their products.
We look forward to welcoming these customers to The Share Centre and to enabling them to experience our award winning customer service."
For further information please contact: Share plc | |||
Richard Stone, Chief Executive | 01296 439 270 / 07919 220 599 | ||
Mike Birkett, Finance Director Joe Dumont, Head of Corporate Communications | 01296 439 479 01296 439 426 | ||
Cenkos Securities plc (Nominated Adviser) |
020 7397 8900 | ||
Ivonne Cantu / Mark Connelly | |||
KTZ Communications (Financial Public Relations) Katie Tzouliadis / Emma Pearson |
020 3178 6378 | ||
About Share plc:
Share plc is the parent holding company of The Share Centre Limited and Sharefunds 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. Sharefunds is authorised and regulated by the Financial Conduct Authority under reference 227807.