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.