AGM Statement

RNS Number : 4603A

Numis Corporation PLC

01 February 2011

 



 

TUESDAY 1 FEBRUARY 2011 AT 11.00 AM 

Numis Corporation Plc ("Numis")

Annual General Meeting ("AGM")

The Board of Numis announces today, 1 February 2011, at the Annual General Meeting that Sir David Arculus, (Non-Executive Chairman) reported:

"I am pleased to report that despite the macro-economic uncertainties, the strength of our franchise enabled the Group to deliver an improved performance.

Our robust financial position and commitment to the UK capital markets have enabled us to increase our corporate client base significantly. These factors together with clarity of purpose and the ability to provide advice which is free of conflict continue to differentiate us from larger banks.

Despite the broader economic challenges I believe that Numis remains well positioned to deliver outstanding quality of service to both corporate and institutional clients.  I am pleased to note that, during the first quarter of our 2011 financial year, combined institutional commission and trading revenues have performed strongly.

The corporate side of the business has strengthened with the addition of a further 14 corporate clients since 30 September 2010 and although capital raising and corporate activity has been slow to pick up, I sense that equity markets are improving and confidence is returning both amongst institutions and companies.     

I would like to thank all at Numis for the immense amount of hard work that all my colleagues have put into enabling us to emerge from the events of the global financial crisis with a strong forward momentum".

 

1 February 2011  

END

Contacts

Numis Corporation:             

Oliver Hemsley, Chief Executive                                            020 7260 1256
Simon Denyer, Group Finance Director                                 020 7260 1225

Brunswick:

Gill Ackers                                                                               020 7396 5382

Carole Cable                                                                           020 7396 7458

PricewaterhouseCoopers LLP (Nominated Adviser):

Simon Boadle                                                                          020 7583 5000

Jon Raggett                                                                             020 7583 5000

 

END

 

 

AGMTBMMTMBAMBLB