REG - Peel Hunt Limited - AGM Trading Update

Peel HuntAnnouncement

07/07/2022 07:16

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RNS Number : 6059R  Peel Hunt Limited  07 July 2022

7 July 2022

Peel Hunt Limited

("Peel Hunt")

 

AGM Trading Update

 

 

Peel Hunt Limited today provides the following trading update in relation to
the three month period ended 30 June 2022. This statement is issued in advance
of the Annual General Meeting which is being held at 12.00pm today.

 

Revenue for the first quarter ended 30 June 2022 was £22.8m as a result of
continuing low levels of market wide capital markets activity.

 

During the period we have continued to build our retained corporate client
base adding 7 new clients (3 of which are in the FTSE 350) and we have a
substantial pipeline of Investment Banking transactions with over 50 mandated
deals.

We are delighted that leading intermediaries AJ Bell and Hargreaves Lansdown
have selected our REX technology platform (www.rexretail.com
(http://www.rexretail.com) ) to provide their new retail share offer service,
further supporting the democratisation of capital markets by enabling their
retail customers to participate in IPOs and ABBs.

 

We have a diversified and resilient business with a strong balance sheet.  We
continue to take a long term view, investing in the business to deliver our
strategic priorities including developing our proprietary technology and
international capabilities. As a result, the business is very well positioned
for when market conditions improve.

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

For further information, please contact:

 

 Peel Hunt via MHP
 Steven Fine, CEO

 Sunil Dhall, CFOO
 MHP (Financial PR)                               +44 (0)20 3128 8540

                                                  peelhunt@mhpc.com
 Andrew Jaques

 Charlie Barker

 Robert Collett-Creedy
 Grant Thornton UK LLP (Nominated Adviser)        +44 (0)20 7728 2942
 Colin Aaronson

 Daphne Zhang

 Sam Littler

 Keefe, Bruyette & Woods (Corporate Broker)       +44 (0) 207 710 7600
 Alistair McKay

 Alberto Moreno Blasco

 Fred Walsh

 Dennis Towers

 

 

 

 

Notes to editors

 

Peel Hunt is a leading specialist in UK Investment Banking, ranked number one
broker for UK mid- and small-cap companies in Institutional Investor's 2021
Survey. Our purpose is to nurture and guide people through the evolution of
business. We achieve this through a proven, joined-up approach that
consistently delivers value to UK corporates, global institutions and trading
counterparties alike.

 

We have 165 corporate clients (including 34 in the FTSE 350), with an average
market capitalisation of approximately £600m. Our award-winning research is
distributed to over 1,235 institutions across the UK, Europe and US. Our
trading platform makes markets in over 10,000 instruments on over 45 markets
and is an increasingly important provider of trade execution services to UK
retail platforms and brokers.

 

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