9 Jun 2008 16:02
For release on Monday 9 June 2008
| For immediate release | 9 June 2008 |
Share plc("Share" or "the Group")
Result of AGM
Share plc (AIM:SHRE), parent company of leading UK retail stockbroker, The Share Centre, is pleased to announce that at its Annual General Meeting, held on Friday 6 June 2008, all resolutions, including the payment of a final dividend of 0.2 pence per share, were duly passed.
In response to a question regarding what plans there might be for broadening the shareholder base, Sir Martin Jacomb, Chairman, referred to the Group's recent successful AIM flotation as evidence of the desire to welcome new share owners to the business.
Following the conclusion of formal proceedings, Gavin Oldham, Chief Executive, and Richard Stone, Finance Director, delivered a brief presentation in which they set out the business progress achieved and the Group's continued improvement in gaining market share.
Gavin Oldham reported on a successful start to implementing the provisions of the Companies Act 2006 to enfranchise nominee shareholders, noting that over 3,000 account customers of The Share Centre with nearly 15,000 holdings have opted-in for shareholder rights. Two-thirds of these investors have elected for electronic communication from the companies in which they have invested.
Gavin Oldham also referred to the continuing volatility of stock markets and in particular the banking sector. The dilution impact on personal investors of the current round of emergency rights issues was noted, together with the services provided by The Share Centre and Sharefunds.
A further quarterly announcement of Share plc's benchmarked revenue performance covering the second quarter of 2008 should be made by the end of July.
No new or significant financial information was disclosed in the meeting.
Enquiries:
| Share plc |
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| Gavin Oldham, Chief Executive Richard Stone, Finance Director | 01296 439 100 / 07767 337 696 01296 439 270 |
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| Lansons Communications
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| Charlie Field Jo Skinner
| 020 7294 3616 020 7566 9716 |
| KBC Peel Hunt Ltd, Nominated Adviser and Broker |
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| Guy Wiehahn, Oliver Stratton | 020 7418 8900 |
Note 1 - Share plc voting on resolutions:
| Resolution | For | Against | Withheld |
| 1. To approve the Report & Financial Statements | 125,964,771 | 94 | 88 |
| 2. To approve the Directors’ Remuneration Report | 125,922,941 | 22,807 | 19,205 |
| 3. To approve the Final Dividend (0.2p per share) | 125,964,694 | 93 | 166 |
| 4. To re-elect Sir Martin Jacomb as a director | 125,925,804 | 25,217 | 13,932 |
| 5. To re-elect Iain Wallace as a director | 125,954,957 | 4,002 | 5,994 |
| 6. To re-appoint Deloitte & Touche as auditors | 125,948,261 | 10,109 | 6,583 |
| 7. To authorise Directors to allot shares | 125,940,001 | 21,859 | 3,093 |
| 8. To disapply section 89(1) (Pre-emption Rights) | 125,938,857 | 7,046 | 19,050 |
SHRE.L (SHRE)