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Major contract with Barclays

4 Mar 2015 07:00

RNS Number : 4532G
Share PLC
04 March 2015
 



 

 

 

 

AIM: SHRE.LN

 

Share plc

("Share")

Major contract signed with Barclays Stockbrokers

 

Share (AIM: SHRE.LN), a leading UK independent retail stockbroker which operates The Share Centre, is pleased to announce that The Share Centre has signed a major three year contract with Barclays Stockbrokers, a division of Barclays Bank plc ('Barclays Stockbrokers'), to provide certificated dealing services to customers introduced to it by Barclays.

 

Revenues generated from the service will be shared between The Share Centre and Barclays Stockbrokers. The contract is expected to add approximately 5% to Share's revenues in 2015 and should materially benefit profitability this year and beyond. This agreement brings to a successful conclusion the discussions Share referred to in an announcement made on 17 December 2014.

 

Barclays Stockbrokers' customers using their existing certificated dealing service have been informed of the firm's intention to withdraw this service. Under the terms of the agreement, Barclays Stockbrokers will introduce its customers who wish to use a certificated dealing service to The Share Centre. Initially Barclays will be writing to 11,500 customers who have used the service more than once in the last year.

 

The Share Centre has provided certificated dealing services to customers for over 20 years. The Share Centre will provide additional enhancements to the service Barclays Stockbrokers certificated dealing customers currently receive, including the ability to pay for certificate purchases by debit card and the use of e-mail communications for contract notes and other correspondence. The Share Centre has a web page available for Barclays' customers wishing to find out more at www.share.com/certificated.

 

Richard Stone, Chief Executive of Share plc, said:

 

"A key part of Share's growth strategy is building partnerships of meaningful scale with highly-regarded third parties and so I am delighted to announce this major agreement with Barclays. The Share Centre's well established track record of high quality award-winning customer service makes it a natural home for Barclays' customers wishing to continue to use a certificated dealing service."

 

Alastair Thaw, Head of Barclays Stockbrokers, said:

"The Share Centre has been able to demonstrate to Barclays Stockbrokers that they can deliver an enhanced service for customers who wish to deal using share certificates and we are comfortable that they can support the needs of these customers into the future."

 

For further information please contact:

 

Share plc

Richard Stone, Chief Executive

01296 439 270 / 07919 220 599

Mike Birkett, Finance Director

01296 439 479

Stephanie Reynolds, PR Manager

01296 439 256

Cenkos Securities plc (Nominated Adviser)

020 7397 8900

Stephen Keys / Ivonne Cantu / Mark Connelly

KTZ Communications (Financial Public Relations)

Katie Tzouliadis/ Deborah Walter

020 3178 6378

 

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.

 

Notes for Editors:

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. These include Share Accounts, ISAs, CTF accounts and SIPPs, all with the benefit of investment advice, and dealing in a wide range of investments. Services available to corporate clients include share plan administration and 'white-label' dealing platforms.

 

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

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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