AMBR Ambrian

 

TIDMAMBR 
 
RNS Number : 2695N 
Ambrian Capital PLC 
08 June 2010 
 

08.06.10 
 
                              Ambrian Capital plc 
 
                        Result of Annual General Meeting 
 
 
Ambrian Capital plc ("Ambrian Capital" or "the Company") announces that at its 
Annual General Meeting held today all resolutions were passed. 
 
Charles Crick, Non-executive Director, Chairing the AGM today, updated 
shareholders with the following statement: 
 
"Ambrian Capital's revenues in the first five months of the year were in line 
with the same period last year.  Personnel and recruitment costs have increased 
to a greater extent, however, as a result of the investment in strengthening the 
Corporate Finance & Equities business.  The balance sheet remains strong, but 
with cash having reduced since the year-end principally as a result of the 
dividend payment and the payment of 2009 profit-related bonuses. 
 
The Commodities businesses have been performing well but have not enjoyed a 
repeat of the extraordinary market environment in physical metals that existed 
in the first half of 2009 when, for example, the copper price rose by 54% and 
copper premiums CIF Shanghai reached US$170/tonne. 
 
The Corporate Finance & Equities business continues to build on its strong 
market position in the natural resources sector, taking steps at the beginning 
of the year to broaden and improve the quality of its earnings.  This has 
resulted in an increase in personnel costs, the revenue benefits of which can be 
expected to flow through later this year and in 2011. 
 
Ambrian Principal Investments Limited, our principal investment portfolio, has 
had an excellent first five months of the year showing a 37% growth in net asset 
value per share. 
 
Ambrian's breadth of activities in the natural resources sector and liquid 
balance sheet will ensure its resilience and long term growth despite near term 
market uncertainties." 
 
Enquiries 
 
+------------------------+------------------------+ 
| Ambrian Capital plc    |                        | 
+------------------------+------------------------+ 
| Tom Gaffney, Chief     | + 44 (0)20 7634 4700   | 
| Executive              |                        | 
+------------------------+------------------------+ 
|                        |                        | 
+------------------------+------------------------+ 
| Fox-Pitt Kelton        |                        | 
| Limited                |                        | 
+------------------------+------------------------+ 
| Simon Law              | + 44 (0)20 3037 5237   | 
+------------------------+------------------------+ 
|                        |                        | 
+------------------------+------------------------+ 
| M: Communications      |                        | 
+------------------------+------------------------+ 
| Charlotte Kirkham      | + 44 (0)20 7920 2330   | 
+------------------------+------------------------+ 
 
 
Notes to Editors: 
 
AMBRIAN CAPITAL PLC 
Ambrian Capital plc (AIM: AMBR) is a specialist investment bank active in 
Corporate Finance & Equities, Commodities and Principal Investments. 
 
Corporate Finance & Equities 
Ambrian Partners Limited is known in the market today for its leading positions 
in the metals & mining, oil & gas and cleantech sectors.  It provides corporate 
finance advice, equity research, sales and trading and market making services. 
Ambrian Partners is a member of the London Stock Exchange and is authorised and 
regulated by the Financial Services Authority. 
 
Commodities 
Ambrian Commodities Limited is a trader and broker specialising in London Metals 
Exchange cleared base metals futures and options. Its customers include metals 
producers, consumers, merchants, traders and financial investors. Ambrian 
Commodities is an Associate Broker Member of the London Metal Exchange and is 
authorised and regulated by the Financial Services Authority. 
 
Ambrian Metals Limited is an independent physical metals merchant with a 
particular strength in refined copper. Through Ambrian Metals' offices in London 
and Shanghai and agents in New York, Santiago, São Paulo, Seoul and Tokyo, it 
sources non-ferrous metals from producers for distribution to an international 
client base of metals consumers and merchants. 
 
Principal Investments 
Ambrian Principal Investments Limited is an investment company which holds the 
Group's principal investment portfolio.  It is managed by Ambrian Asset 
Management Limited, which is authorised and regulated by the Financial Services 
Authority. 
 
Further information on Ambrian Capital is available on the Company's website: 
www.ambrian.com 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RAGKKFDNQBKDKAK 
 

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