REG - Peel Hunt Limited - AGM Trading Update

Peel HuntAnnouncement

04/07/2024 07:00

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RNS Number : 0426V  Peel Hunt Limited  04 July 2024

 

 

4 July 2024

Peel Hunt Limited

AGM Trading Update

 

Peel Hunt Limited ("Peel Hunt" or the "Company") today provides the following
trading update in relation to the three-month period ended 30 June 2024 ("Q1
FY25"). This statement is issued in advance of the Annual General Meeting
which is being held at 1.30pm today.

As reported in our FY24 Results Announcement on 13 June 2024, we have seen
some improvement in the macroeconomic backdrop since the start of FY25, with
tentative signs of a pick up in equity capital markets ("ECM") activity.
During the period, we have advised clients in relation to a number of ECM
transactions, including acting as global co-ordinator on two IPOs executed on
the London market, and we are encouraged by an increase in activity in both
our Execution Services and institutional trading businesses. Consequently,
revenues for Q1 FY25 are ahead of the equivalent prior year period and in line
with market expectations.

 

For further information, please contact:

Peel Hunt: via Powerscourt

Steven Fine, CEO

Sunil Dhall, CFOO

Powerscourt (Financial PR): +44 (0)20 7250 1446

Justin Griffiths

Gilly Lock

Russ Lynch

peelhunt@powerscourt-group.com

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

Philip Secrett

Colin Aaronson

Elliot Peters

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

Alistair McKay

Alberto Moreno Blasco

Fred Walsh

 

Notes to editors

Peel Hunt is a leading UK investment bank that specialises in supporting
mid-cap and growth companies. It provides integrated investment banking advice
and services to UK corporates, including equity capital markets, private
capital markets, M&A, debt advisory, investor relations and corporate
broking. The Company's joined up approach combines these services with expert
research and distribution and an execution services hub that provides
liquidity to the UK capital markets, delivering value to global institutions
and trading counterparties alike. The Company is admitted to trading on AIM
(LON: PEEL) and has offices in London, New York and Copenhagen.

Forward-looking statements

This announcement contains forward-looking statements. Forward-looking
statements sometimes use words such as 'may', 'will', 'could', 'seek',
'continue', 'aim', 'anticipate', 'target', 'project', 'expect', 'estimate',
'intend', 'plan', 'goal', 'believe', 'achieve' or other words of similar
meaning. Past performance is no guide to future performance and any
forward-looking statements and forecasts are based on current expectations and
assumptions but relate to events and depend upon circumstances in the future
and you should not place reliance on them. These statements and forecasts are
subject to various risks and uncertainties and there are a number of factors
that could cause actual results or developments to differ materially from
those expressed or implied by forward-looking statements and forecasts.

The forward-looking statements contained in this document speak only as of the
date of this announcement and (except as required by applicable regulations or
by law) Peel Hunt does not undertake to publicly update or review any
forward-looking statements, whether as a result of new information, future
events or otherwise. Nothing in this announcement constitutes or should be
construed as constituting a profit forecast.

No offer of securities

The information, statements and opinions contained in this announcement do not
constitute or form part of, and should not be construed as, any public offer
under any applicable legislation, or an offer, or solicitation of an offer, to
buy or sell any securities or financial instruments in any jurisdiction, or
any advice or recommendation with respect to any securities or financial
instruments.

 

 

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