19 Mar 2020 07:00
Arden Partners plc
("Arden" or the "Company")
Statement Regarding Share Price Movement
Arden (AIM: ARDN) has noted the recent downward movement in its share price, in particular on 18 March 2020, on very small volumes.
The Board understands the current volatile nature of the stock market and the impact of this on relatively illiquid stocks, but it wishes to advise shareholders that, as at 29 February 2020, the unaudited net asset value of the Company was £5.6m (equating to a net asset value per share of 19.2 pence).
The Company's preliminary results statement (released on 3 February 2020), highlighted that it was well capitalised as at its latest year end and the Board confirms that it remains so.
The Board's priority will be to protect the Company's balance sheet whilst remaining focussed on delivering its stated growth strategy and on servicing Arden's clients' needs. This remains the case despite the current difficult market conditions.
For further enquiries:
Arden Partners plc | 020 7614 5900 |
Steve Douglas - Group Finance Director
GCA Altium Limited |
020 7484 4040 |
Sam Fuller / 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.
The recently added Arden Wealth Management team offers a bespoke discretionary service to our clients, with the ability to trade/invest in equities, bonds and a range of global investment funds.