Hears about allocation (5)

I believe the answer is:

'allocation' is the definition.
(I know that share is a type of allocation)

'hears about' is the wordplay.
'about' indicates an anagram.
'hears' with letters rearranged gives 'SHARE'.

(Other definitions for share that I've seen before include "Part, portion" , "Division" , "Portion; plough blade" , "Divide out, apportion" , "Cutting blade" .)

I've seen this clue in The Mirror.

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