RE: PIRI10 Jul 2020 08:39
Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, is pleased to announce the appointment of Mirabaud Securities Limited ("Mirabaud") as Joint Broker to the Company with immediate effect.
One aspect of Mirabaud's role will be to assist the Company in developing its institutional investor base and to prepare a research note on the Company.
My take on this is. PIRI Raising significant and substantial finance by Debt or Equity. Raising the profile of PIRI without the help of its investee Companies, why do this if the "growth" of the investee Companies is as PIRI alludes to ? That Investee Cos may or not be able to raise their own profile independently. If the Investee companies were to prepare their own research notes, this would enhance the profile of PIRI for free.