PMR.L Regulatory News (PMR)

7 Nov 2006 12:00

Panmure Gordon & Co. plc07 November 2006 Panmure Gordon & Co. plc PANMURE GORDON & CO. PLC AND GMP SECURITIES ANNOUNCE FORMATION OF STRATEGIC PARTNERSHIP Panmure Gordon & Co. plc ("Panmure Gordon"), the corporate and institutionalstockbroker, and GMP Securities ("GMP"), have today entered into a strategicpartnership. The GMP Group, a leading independent Canadian brokerage firm, witha market capitalisation of Can$ 1.2bn, is a full service investment dealer,providing institutional equity trading, research and investment bankingservices. Panmure Gordon and GMP have agreed to work together on equity capital markettransactions to service Canadian entities that wish to access UK markets and UKentities that wish to access Canadian markets. The partnership focuses on thefollowing sectors: natural resources, technology, general industrials, non-bankfinancials, life sciences and telecoms & media. As such, GMP is establishing GMP Securities Europe LLP, which will be based inLondon and will be staffed over the coming weeks with local partners andemployees with experience in corporate finance, sales, research and marketmaking in the natural resources sector. This team, together with Panmure Gordonwill work co-operatively to enhance further the strong relationships which bothGMP and Panmure Gordon currently have. The Boards of Panmure Gordon and GMPbelieve strongly that this agreement between two independent brokerages, withvery similar cultures, will enhance the ability of both firms to service theirclients in their domestic capital markets. Tim Linacre, Chief Executive of Panmure Gordon & Co. plc said: "The decision by GMP to partner with Panmure Gordon is a testament to thestrength and robustness of our European franchise. We, like GMP, enjoy a hardearned reputation for providing independent high quality advice and we arecommitted to bringing whatever resources are necessary to ensure that GMP'sclients enjoy the same level of service here in London that they currentlyreceive in Canada." Kevin Sullivan, Chief Executive Officer of GMP said: "The strength of the European equity markets has substantially increased ourclients' interest in listing in London, making this a natural move for us. Webelieve we have an excellent partner in Panmure Gordon who has tremendous localknowledge of the market." Eugene McBurney, Chairman of GMP Europe said: "Few firms in London enjoy the reputation that Panmure Gordon does forexecution, due diligence and fair dealing. Panmure Gordon has been a well knownCity of London firm since its inception in 1876 and its deep local knowledgewill enable us to propel our business forward to ensure we are able to bestserve our clients from day one." For further information please contact: Panmure Gordon:Tim Linacre/David Liddell 020 7459 3600 Bell Pottinger Corporate & Financial:David Rydell / Nick Lambert / Chris Hamilton 020 7861 3232 About GMP GMP Capital Trust carries on business through the following entities: GMPSecurities L.P., Griffiths McBurney Corp., GMP Private Client L.P. and EdgeStoneCapital Partners, L.P. GMP Securities L.P. is a leading independent Canadianinvestment dealer focused on investment banking and institutional equities forcorporate clients and institutional investors. GMP Securities L.P. can be foundon the web at gmpsecurities.com. Griffiths McBurney Corp. services institutionalclients in the United States. GMP Private Client L.P. is a full-serviceinvestment firm focused on high-net-worth private investors that provides wealthpreservation, income and growth strategies delivered by seasoned investmentadvisors. GMP Private Client L.P. can be found on the web atgmpprivateclient.com. EdgeStone Capital Partners, L.P. is one of Canada'sleading private equity firms, providing capital, strategic direction andbusiness and financial advice to help promising mid-market and early stagecompanies achieve their full potential. EdgeStone Capital Partners, L.P. can befound on the web at edgestone.com. GMP Capital Trust is listed on the TorontoStock Exchange under the symbol GMP.UN. The website is gmpcapitaltrust.com. GMPCapital Trust has offices in Toronto, Calgary, Montreal, Vancouver and Geneva,Switzerland. About Panmure Gordon • The Company is one of the oldest established stockbroking firms in the City, having been founded in 1876 by Harry Panmure Gordon. • The Company merged with Durlacher Corporation plc at the end of April 2005, creating a 130 strong team of professionals focussed on UK equities, ranging from FTSE 100 to fast growing AIM stocks • Panmure Gordon is quoted on AIM (PMR.L) • Approximately 30% of the Company's Ordinary shares are held on behalf of management and staff with a further 30% owned by by UKPG Holdings LLC, which is in turn owned by LFCM Holdings LLC • Panmure Gordon currently advises or is stockbroker to approximately 90 companies and makes markets in more than 750 stocks and investment trusts • For more information on Panmure Gordon please visit http://www.panmure.com This information is provided by RNS The company news service from the London Stock Exchange