Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Panmure Gord &Co plc (PMR)

  Print      Mail a friend

Wednesday 24 February, 2016

Panmure Gord &Co plc

Board Change and Shareholder Financing

RNS Number : 9726P
Panmure Gordon & Co. plc
24 February 2016

For Immediate Release

24 February 2016


Panmure Gordon & Co. plc

("Panmure Gordon" or the "Company")


Board Change and Shareholder Financing



Panmure Gordon (AIM: PMR), the independent institutional stockbroker and investment bank, announces that Phillip Wale has stepped down from the Board as Chief Executive Officer and is leaving the Company. Patric Johnson, who was appointed Deputy Chief Executive Officer in October 2015, is appointed Chief Executive Officer with immediate effect, subject to FCA approval.


Patric, 44, joined Panmure Gordon in 2013 from Evolution Group (acquired by Investec in 2012), where he served on the board of Evolution Securities and was Head of Distribution. Prior to this role he was co-founder and Chief Operating Officer of ICAP Equities Ltd. He was appointed to the Board of Panmure Gordon in March 2015.


Since the trading statement issued on 23 December market conditions have continued to be challenging however, since 1 January 2016 the Company has raised a total of £244 million for clients and advised on three corporate transactions including the acquisition of the "i" newspaper by Johnston Press plc and completion of the rights issue for RPC Group plc.


To help fund the continued growth of the business, a £5.0m funding facility has been agreed to be made available to the Company by its main shareholder, QInvest LLC ("QInvest"). The revolving funding facility is Sharia compliant and being provided by QInvest to the Company on an unsecured basis with an initial term of 18 months with a cost of funding equivalent to LIBOR plus 250bp. The Directors of the Company (other than Tamim Al-Kawari, Michael Katounas and Caspar Warre by virtue of their relationship with QInvest LLC) consider, having consulted with the nominated adviser, that the terms of the facility are fair and reasonable insofar as shareholders are concerned.


Tamim Al-Kawari, Non-Executive Director of Panmure Gordon and Chief Executive Officer of QInvest commented:

 "We are fully supportive of Panmure Gordon and its senior management team and firmly believe in the long term prospects for the business, which are anchored around its heritage, people, breadth of experience and its plans for the future. I would like to take this opportunity to thank Phillip Wale for his contribution to the firm. We look forward to deepening our relationship with Panmure Gordon as it enters a new phase to ensure value creation for all stakeholders."


Chairman, Ed Warner, said:

"We would like to thank Phillip Wale for his hard work and total dedication to Panmure Gordon over the last four years. The Company is greatly indebted to him for his leadership and the Board wishes him every success in his future endeavours.   We are also pleased to welcome Patric to the position of Chief Executive; the Board looks forward to working with him as he implements his strategy for building the business and we very much appreciate the continued support from our major shareholder."





Panmure Gordon

Patric Johnson, Chief Executive Officer                                                                                                    020 7886 2500

Philip Tansey, Chief Financial Officer                                                                                                      020 7886 2500


Buchanan (Financial PR)                                                                                                                                020 7466 5000

Mark Edwards/Helen Chan/Stephanie Watson

[email protected]


Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett/Salmaan Khawaja/Jen Clarke                                                                                             020 7383 5100





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

a d v e r t i s e m e n t