Cenkos Securities - AGM Statement

Cenkos Securities

10/05/2023 07:00

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RNS Number : 8414Y  Cenkos Securities PLC  10 May 2023

10 May 2023

 

Cenkos Securities plc

("Cenkos" or the "Company")

 

AGM Statement

 

Cenkos will be holding its Annual General Meeting (the "AGM") today at 9.30
a.m. at 6.7.8 Tokenhouse Yard, London, EC2R 7AS. At the AGM, the Chairman of
the meeting will make the following statement in relation to the current year:

 

On 23 March 2023, the Company announced a recommended all-share merger with
finnCap Group plc to create a market leading full-service advisory firm for
growth and investment companies which, on a proforma combined basis, would
have more than 210 retained listed or quoted clients and employ more than 230
colleagues. The combined group will build on its strong foundations across
equity capital markets, M&A advisory, debt advisory and private growth
capital fundraising. The Company continues to work on the execution of this
exciting transaction, having posted the scheme document to shareholders on 20
April 2023 and will hold requisite court and general meetings on 17 May 2023.

 

Despite the Equity Capital Markets remaining challenging with relatively low
levels of activity, revenue for the year to date continues to track ahead of
the average run-rate for H2 2022.  So far this year we have added 6 new
clients, undertaken 9 fundraisings, including the IPO of Onward Opportunities
Limited, and have a solid pipeline of further potential IPOs, secondary
fundraisings and M&A transactions being worked on.  As a firm, we remain
focused on cost control, growing our market share and providing a first-class
service to our clients and remain poised to take advantage of improving market
conditions.

 

For further information, please contact:

Cenkos Securities plc

Julian Morse, Chief Executive
Officer                                 Tel:
020 7397 8900

 

SPARK Advisory Partners Limited

Matt Davis, Nominated
Adviser
Tel: 020 3368 3552

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