REG - Peel Hunt Limited - AGM Trading Update

Peel HuntAnnouncement

06/07/2023 07:00

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RNS Number : 1129F  Peel Hunt Limited  06 July 2023

 

6 July 2023

 

 

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 2023. This statement is issued in advance
of the Annual General Meeting which is being held at 1.00pm today.

 

Since we announced our FY23 Full-Year Results on 16 June, the macro-economic
backdrop has continued to be challenging and investor sentiment has remained
low. However, during the first quarter of FY24, we have supported our
corporate clients in relation to a number of announced M&A and ECM
transactions. This has included acting as named financial adviser on
approximately a quarter of firm offers made for UK listed companies during the
period, and as a bookrunner on the largest UK IPO so far this year. As a
result, the group's performance for Q1 is in line with market expectations,
with full-year revenues expected to be second half weighted.

 

As capital markets activity improves, we remain confident that our diversified
business model, as a leading UK independent investment bank, positions us well
to take advantage of opportunities that may arise.

 

 

For further information, please contact:

 

Peel Hunt: via MHP

Steven Fine, CEO

Sunil Dhall, CFOO

 

MHP (Financial PR): +44 (0)20 3128 8540

Tim Rowntree

Charlie Barker

Robert Collett-Creedy

peelhunt@mhpgroup.com (mailto:peelhunt@mhpgroup.com)

 

Grant Thornton UK LLP (Nominated Adviser): +44 (0)20 7728 2942

Colin Aaronson

Samuel Littler

 

Keefe, Bruyette & Woods (Corporate Broker): +44 (0) 20 7710 7600

Alistair McKay

Alberto Moreno Blasco

Fred Walsh

Akshman Ori

 

Notes to editors

 

Peel Hunt is a leading specialist in UK investment banking. Our purpose is to
guide and nurture 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.

 

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