Last checked at 25 Sep 2014 14:58
25 September 2014
Fiske Plc
('Fiske' or 'the Company')
Result of AGM
Fiske Plc (the 'Company') announces that at the AGM held today all the resolutions were duly passed.
Speaking at the AGM, Clive Harrison, the Company's Executive Chairman, said the following:
"As you may have seen in the recent report from our rather larger competitor Charles Stanley, the months of May, June and July have been very poor for stock broking business and Fiske has experienced the same scenario which has continued to date. As I view markets as vulnerable to an overdue setback this is hardly a surprise. Accordingly we have endeavoured to position our private clients to take advantage of any setback.
The group who joined us two-and-a-half-years ago to carry out institutional stock broking business left us during the summer. We do not regard institutional business as the key to our long term future; commission rates in that business have more than halved in the past decade. The key to our future business remains managing private client funds and we are confident of the future in this regard."
For further information please contact:
• Gerard Luchini, Fiske Plc - Compliance Officer
(tel: 020 7448 4700)
• Salmaan Khawaja/David Hignell, Grant Thornton UK LLP (Nominated Adviser)
(tel: 020 7383 5100)