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Trading update and Director's declaration

10 Sep 2010 07:00

RNS Number : 4630S
Arden Partners plc
10 September 2010
 



Arden Partners plc ("Arden" or the "Company")

Trading update and Director's declaration

 

Since our interim announcement on 22 June 2010, the equity trading environment has been challenging. The corporate finance pipeline remains satisfactory although, as always, the timing of transactions is uncertain. In addition, in recent months the Company has taken action to reduce headcount and overhead expenses and this has resulted in exceptional termination costs.

 

In view of the above, it is now unlikely that the Company will meet market expectations for the year ending 31st October 2010.

 

Over the last few months the Company has increased its number of corporate clients to 41.

 

Following receipt of regulatory approval, Jeremy Grime has now been appointed a director and has assumed full responsibility for the Company as Chief Executive Officer. Jonathan Keeling has been formally appointed to the role of deputy Chairman allowing him in particular to focus on his responsibility to grow Arden's Indian franchise where we have further potential pipeline opportunities.

 

Enquiries:

Arden Partners plc

0207 614 5900

Jeremy Grime - Chief Executive Officer

Trevor Norris - Group Finance Director

Altium - NOMAD to Arden Partners plc

0207 484 4040

Phil Adams

Sam Fuller

Buchanan Communications

0207 466 5000

Mark Edwards

 

FURTHER INFORMATION ON JEREMY GRIME:

 

Jeremy Peter Grime (45) is currently a Director of The Classic Pub Company Limited.

 

Save as set out above, Jeremy has confirmed that there is nothing further to disclose in relation to his appointment to the Board of Arden under Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

Jeremy Grime holds 158,266 ordinary shares of 10 pence each in the Company, representing approximately 0.6 per cent of the Company's issued share capital.

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEANNNEEDEEFF
Date   Source Headline
9th Jun 200910:18 amRNSEPT Disclosure
8th Jun 200911:03 amRNSEPT Disclosure
5th Jun 200910:29 amRNSEPT Disclosure
3rd Jun 200911:06 amRNSEPT Disclosure
2nd Jun 20099:31 amRNSEPT Disclosure
1st Jun 20093:59 pmRNSEPT Disclosure - Amendment
1st Jun 200911:06 amRNSEPT Disclosure
29th May 200910:21 amRNSEPT Disclosure
28th May 200911:29 amRNSEPT Disclosure
27th May 20099:31 amRNSEPT Disclosure
26th May 200910:52 amRNSEPT Disclosure
22nd May 20091:00 pmRNSBlock Admission
21st May 200910:30 amRNSEPT Disclosure
20th May 200911:19 amRNSEPT Disclosure
19th May 20099:53 amRNSEPT Disclosure
18th May 20099:35 amRNSEPT Disclosure
15th May 20099:45 amRNSEPT Disclosure
14th May 200910:30 amRNSEPT Disclosure
13th May 200910:58 amRNSEPT Disclosure
11th May 20095:23 pmRNSHolding(s) in Company
11th May 200910:18 amRNSEPT Disclosure
7th May 200912:27 pmRNSEPT Disclosure
6th May 200912:02 pmRNSEPT Disclosure
5th May 200911:51 amRNSDirector's dealing
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24th Apr 200910:28 amRNSEPT Disclosure
23rd Apr 20099:53 amRNSResult of AGM
22nd Apr 20097:00 amRNSAnnual General Meeting 2009: Statement
21st Apr 200910:59 amRNSEPT Disclosure
20th Apr 200911:36 amRNSEPT Disclosure
9th Apr 20092:21 pmRNSCompletion of Tender
8th Apr 200911:22 amRNSDirector's dealing
26th Mar 200910:26 amRNSEPT Disclosure
18th Mar 200912:01 pmRNSEPT Disclosure
17th Mar 200910:49 amRNSEPT Disclosure
16th Mar 20092:30 pmRNSAnnual Report and Accounts
6th Mar 20094:04 pmRNSDirector Declaration
2nd Mar 20093:58 pmRNSDirector Declaration
3rd Feb 20094:33 pmRNSDirector/PDMR Shareholding
3rd Feb 20094:31 pmRNSHolding(s) in Company
3rd Feb 20097:00 amRNSDirector's dealing
30th Jan 20094:20 pmRNSEBT Disposal
16th Jan 20094:11 pmRNSEBT Purchase
16th Jan 20094:10 pmRNSHolding(s) in Company
13th Jan 200910:12 amRNSEPT Disclosure
13th Jan 20097:00 amRNSPreliminary Results
9th Jan 20092:48 pmRNSEPT Disclosure
9th Jan 20092:46 pmRNSEPT Disclosure-Amendment
9th Jan 200910:01 amRNSEPT Disclosure

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