AGM Statement

RNS Number : 9291E

Cenkos Securities PLC

14 April 2011

 



Cenkos Securities plc (the "Company" or the "Group")

Annual General Meeting - Statement

At Cenkos Securities plc's Annual General Meeting, held earlier this afternoon, the following statement was made:

"Despite the continuing difficult and uncertain market conditions that exist, the Group has made an encouraging start to the current year. All our revenue-earning teams have made a positive contribution to the Group's performance during the current period. Despite the weak market for IPOs and other fundraisings, since the year-end we have raised over £424 million for our clients. Our pipeline remains encouraging; however, its delivery will be dependent on prevailing market conditions. It is the view of the Directors of the Company that the diversification of income streams, our growing franchise and the flexible cost base, which is highly geared to performance, will allow the Company to continue to be cash generative and to trade profitably in the current markets."

Enquiries:

Simon Melling

Chief Executive Officer - 020 7397 8900

 

END

 

 

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