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NUM.GB Numis Corporation Plc

0.00
0.00 (0.00%)
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Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Numis Corporation Plc AQSE:NUM.GB Aquis Stock Exchange Ordinary Share GB00B05M6465
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Numis Corporation PLC Trading Update (4037L)

03/10/2016 7:00am

UK Regulatory


Numis (AQSE:NUM.GB)
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TIDMNUM

RNS Number : 4037L

Numis Corporation PLC

03 October 2016

3(rd) October 2016 at 7.00 am

Numis Corporation Plc

Trading Update

Monday 3(rd) October 2016 at 7.00am: Numis Corporation Plc ("Numis") today issued a trading update relating to the year ended 30(th) September 2016.

Revenue from our core activities has grown by 14% versus prior year reaching record levels and is comfortably above GBP100m for the first time in the Group's history.

Although activity in the UK equity market was somewhat impacted by the Brexit vote during our second half, Numis completed a further 19 equity raises, including 3 IPOs. This brings the total number of equity deals in which we acted to 46 for the year with funds raised just below GBP1.9 billion.

Corporate activity within our client base continued during the year and saw the completion of 26 pure advisory mandates. Consequently, combined revenues from equity issuance and advisory activities grew by 15%, surpassing the record levels achieved last financial year. Despite M&A activity amongst our clients, the number of corporate clients for whom we act continues to grow with net additions of 15 during the year bringing the total to 198.

Our equity sales, research and execution activities also performed well during the year, increasing combined institutional commission and trading revenues by 13% year-on-year.

We continue to invest in our people in order to ensure that the provision of high quality advice, research and execution continues to define our approach to offering the best possible service to our corporate and institutional clients.

Numis will announce full preliminary results for the year ended 30(th) September 2016 on Wednesday 7(th) December 2016.

Alex Ham and Ross Mitchinson, Co-Chief Executive Officers, issued the following joint statement:

"It is pleasing to report that, following a record first half, the business continued to perform well during our second half despite the market-wide impact on equity issuance following the Brexit vote.

Our current deal pipeline is encouraging and we remain determined to support UK companies of all sizes seeking capital to grow, whilst simultaneously building long-term relationships with companies and investors."

ENDS

Contacts

Numis Corporation:

   Alex Ham & Ross Mitchinson - Co Chief Executive Officers      020 7260 1245 

Brunswick:

Gill Ackers 020 7404 5959

Simone Selzer 020 7404 5959

Grant Thornton UK LLP (Nominated Adviser):

Philip Secrett 020 7383 5100

Jen Clarke 020 7383 5100

Notes for Editors

Numis is a leading independent corporate advisory and stockbroking group offering a full range of research, execution, corporate broking and advisory services to companies quoted in the UK and their investors

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTURUVRNUAKOAR

(END) Dow Jones Newswires

October 03, 2016 02:00 ET (06:00 GMT)

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