10 Aug 2016 07:00
AIM: SHRE
Share plc
("Share")
Announces Agreement with Computershare
Share (AIM: SHRE.LN), a leading UK independent retail stockbroker which operates The Share Centre, announced on the 26 April it had signed Heads of Terms with a major financial services business. We are now pleased to be able to disclose that the business concerned is Computershare, one of the UK's leading share registrars and the largest registrar globally.
The Share Centre will be taking over the provision of certificated dealing and corporate nominee dealing services that offer a range of online and telephone dealing capabilities in Computershare's brand.
Computershare provides registry services to over 900 corporate clients in the UK, Ireland and Channel Islands. Share's services for Computershare are expected to launch during 2017 and as noted in our announcement in April, the benefits of this agreement are anticipated to have a materially positive impact on Share's revenues and profits from 2017 onwards.
Richard Stone, Chief Executive of Share plc, commented:
"I am delighted to announce this strategic partnership is with Computershare, one of the UK's leading registrars. It follows agreements signed last year with Barclays and Henderson, and is in line with our strategy to expand through strategic partnerships.
The scale of the corporate registers Computershare administers and its reach to personal investors who hold those investments in their own name, combined with our ability to service those customers to the highest level, gives me confidence that there is significant scope to grow this service from its current levels. We therefore look forward to building a strong long-term partnership with Computershare and its corporate clients."
Kevin Firth, Managing Director of Computershare Registry Services, said:
"We are very pleased to confirm that Computershare clients will benefit from The Share Centre's award-winning services and believe our customers will receive an enhanced share dealing experience as part of this change."
For further information please contact: Share plc |
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Richard Stone, Chief Executive | 01296 439 270 / 07919 220 599 |
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Mike Birkett, Finance Director Joe Dumont, Head of Corporate Communications | 01296 439 479 01296 439 426 |
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Cenkos Securities plc (Nominated Adviser) |
020 7397 8900 |
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Ivonne Cantu / Mark Connelly |
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KTZ Communications (Financial Public Relations) Katie Tzouliadis / Viktoria Langley /Emma Pearson |
020 3178 6378 |
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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.