Last checked at 6 Jul 2023 07:00
6 July 2023
Peel Hunt Limited
("Peel Hunt")
AGM Trading Update
Peel Hunt Limited today provides the following trading update in relation to the three-month period ended 30 June 2023. This statement is issued in advance of the Annual General Meeting which is being held at 1.00pm today.
Since we announced our FY23 Full-Year Results on 16 June, the macro-economic backdrop has continued to be challenging and investor sentiment has remained low. However, during the first quarter of FY24, we have supported our corporate clients in relation to a number of announced M&A and ECM transactions. This has included acting as named financial adviser on approximately a quarter of firm offers made for UK listed companies during the period, and as a bookrunner on the largest UK IPO so far this year. As a result, the group's performance for Q1 is in line with market expectations, with full-year revenues expected to be second half weighted.
As capital markets activity improves, we remain confident that our diversified business model, as a leading UK independent investment bank, positions us well to take advantage of opportunities that may arise.
For further information, please contact:
Peel Hunt: via MHP
Steven Fine, CEO
Sunil Dhall, CFOO
MHP (Financial PR): +44 (0)20 3128 8540
Tim Rowntree
Charlie Barker
Robert Collett-Creedy
peelhunt@mhpgroup.com
Grant Thornton UK LLP (Nominated Adviser): +44 (0)20 7728 2942
Colin Aaronson
Samuel Littler
Keefe, Bruyette & Woods (Corporate Broker): +44 (0) 20 7710 7600
Alistair McKay
Alberto Moreno Blasco
Fred Walsh
Akshman Ori
Notes to editors
Peel Hunt is a leading specialist in UK investment banking. Our purpose is to guide and nurture people through the evolution of business. We achieve this through a proven, joined-up approach that consistently delivers value to UK corporates, global institutions and trading counterparties alike.