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24 Mar 2021 07:00
Arden Partners plc
("Arden" or the "Company")
AGM Trading Update
Arden Partners plc (LSE: ARDN) provides the following trading update in advance of the Company's Annual General Meeting which is being held today at 1.00pm.
Trading since the announcement of our FY20 results on 16 February 2021 has remained strong, with all areas of the business performing well.
In the current financial year to date, we have completed seven secondary equity fundraisings, raising in excess of £75m for our clients compared to £90m raised in the whole of the previous financial year. We have also completed a number of M&A transactions. We have maintained our focus on increasing our share of fees on transactions in line with our relative performance on them.
Our deal pipeline remains strong, including a number of IPOs which we plan to bring to market over the coming months.
Market sentiment has remained positive and lower levels of volatility have created a favourable environment for the equities division.
We are focused on sustaining this positive momentum across the business and remain confident of returning to profitability this year.
For further information, please contact:
Arden Partners plc |
020 7614 5900 |
Donald Brown - Chief Executive Officer
James Reed-Daunter - Executive Director
Steve Douglas - Group Finance Director
GCA Altium Limited (NOMAD) |
020 7484 4040 |
Tim Richardson
Notes for editors:
Arden is a dedicated corporate adviser and multi-service stockbroker to small and mid-cap companies in the UK and their investors.
The absolute core of our business is the effective management of the needs of our significant and growing base of corporate clients, and the effective support of their relationships with existing and potential shareholders.
These relationships are enhanced by the quality of our corporate finance advice and industry research, and the strong market presence of our sales and trading teams.
Our corporate finance capabilities encompass M&A, corporate finance advisory, broking and Sponsor and NOMAD services. We represent our clients in private transactions and AIM and Main Market share issues.
Our research is designed to be sector focused, concentrating on top down thematic trends which highlight companies giving investors an exposure to the real growth areas of the small-cap and AIM markets.
It is the job of the sales team to keep institutions abreast of these themes and stock ideas. When there is a requirement for our corporate clients to raise money to fulfil their growth ambitions, the sales team is in a strong position to effect this, with its entrenched relationships with the UK institutional and non-institutional markets.
Our market making and trading teams provide liquidity in the shares of our corporate clients. We also trade the shares of non-client corporates on behalf of institutions.
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