Sign In
22 Jul 2010 08:37
22 July 2010
DANIEL STEWART SECURITIES PLC
(AIM: DAN)
("Daniel Stewart" or "the Company")
RESPONSE TO PRESS SPECULATION
Daniel Stewart, stockbroker and corporate finance adviser to smaller and medium-sized companies, would like to clarify that contrary to press speculation the Company is not trying to raise new funds. The Company's balance sheet was recently strengthened by a £1.5m cash injection from Brainspark plc. Daniel Stewart has also raised further funds via a placing with staff in recent months.
The Company continues to focus on international expansion which, as previously stated, helped underpin a turnaround during the first quarter of the current period - with both April and May expected to be profitable (un-audited).
--ENDS--
Enquiries:
DANIEL STEWART SECURITIES PLC Tel: 020 7776 6550
Peter Shea, Group Chairman & Chief Executive
ARBUTHNOT SECURITIES Tel: 020 7012 2000Nick Tulloch
Ed Groome
BISHOPSGATE COMMUNICATIONS LIMITED Tel: 020 7562 3350
Maxine Barnes
Nick Rome
danielstewart@bishopsgatecommunications.com
About Daniel Stewart
Daniel Stewart Securities is an AIM-listed company providing a range of investment banking services to Small Cap publicly traded and non-publicly traded companies. The Group has two subsidiaries, Daniel Stewart and Company, the Group's principal operating subsidiary, which is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange, and Daniel Stewart Capital, the Group's leasing and debt financing division.
Daniel Stewart is regulated by the FSA, is an AIM Nominated Adviser and PLUS Market corporate adviser, as well as being a regulated broker to both the Official List and AIM. It currently acts for approximately 50 AIM companies and is actively seeking to increase its client base with companies who will benefit from its specialised corporate advisory and institutional stock broking services.
Follow the stocks
