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VSA Capital Grp. PLC (VSA)

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Thursday 28 July, 2011

VSA Capital Grp. PLC

AGM Statement

RNS Number : 2644L
VSA Capital Group PLC
28 July 2011


28 July 2011

VSA Capital Group Plc
('VSA' or 'the Company')

AGM Statement


Lyndon Chapman, the Chairman of VSA, will tell the Company's Annual General Meeting, to be held at 11.30am today at the Company's head office, 14 Austin Friars, London EC2N 2HE, that he is pleased to report that VSA is continuing to make solid progress.  VSA Capital Limited, the group's principal operating subsidiary, continues to complete fund raisings successfully and most recently has participated in a CDN$10 million fund raising for Longreach Oil and Gas Ltd. which is due to complete tomorrow.  The Company's ongoing pipeline is strong and it continues to increase its number of retained corporate clients. VSA's balance sheet is healthy with a solid cash position and the directors look forward to the future with confidence.


It has been widely reported in the press that small broking firms are experiencing difficult trading conditions and VSA Capital Limited's own performance in Q1 of the current year was quieter than expected, as reported on June 28th with our full year figures. However, Q2 has started strongly and the directors remain confident for the year ahead.


For further information, please contact:

VSA Capital Group plc
Andrew Monk, CEO 020 3005 5000

Shore Capital and Corporate Limited
Andrew Raca/Toby Gibbs 020 7408 4090


Rivington Street Corporate Finance
Jon Levinson 020 7562 3357


This information is provided by RNS
The company news service from the London Stock Exchange