Former single share for acquitted (11)

I believe the answer is:

exoneration

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'for acquitted' is the definition.
I can't judge whether this defines the answer.

'former single share' is the wordplay.
'former' becomes 'ex' (prefix meaning former or onetime).
'single' becomes 'one' (a single thing - only one).
'share' becomes 'ration' (a ration is a share of a limited resource).
'ex'+'one'+'ration'='EXONERATION'

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(Other definitions for exoneration that I've seen before include "get acquittal" , "Act of absolving from blame" .)

I've seen this clue in The Daily Express.

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