Numis Corporation PLC
10 October 2007
EMBARGOED FOR RELEASE
WEDNESDAY 10 OCTOBER 2007 AT 7.00 am
Numis Corporation Plc ('Numis')
TRADING UPDATE
Numis Corporation Plc ('Numis'), a leading British independent investment
banking and broking group, today issued a trading update relating to the year
ended 30 September 2007.
Expected Results for the Year Ended 30 September 2007
After a successful second half of the year, Numis expects revenues and profits
before tax for the full year to 30 September 2007 to be at least in line with
market expectations. Numis' financial position continues to strengthen with cash
balances of just under £80m as at 30 September 2007. Management look forward to
taking advantage of new opportunities to attract clients and to recruit
exceptional talent.
In anticipation of future employee equity incentive awards, the Employee Benefit
Trust ('EBT') will purchase a cumulative average of no more than 100,000 Numis
shares per week during the close period, subject to such purchases not exceeding
25% of total market volume on any one day. The EBT currently holds 11,784,647
(11.07%) shares and, in the event that the maximum number of Numis shares is
purchased under this arrangement, the EBT will hold 12,584,647 (11.81%) Numis
shares.
The Numis shares referred to above are Numis' ordinary shares of 5p each and the
total number of shares in issue is 106,472,996 with each ordinary share carrying
the right to vote. There are no shares held in treasury.
10 October 2007
Enquiries:
Numis Corporation Plc
Oliver Hemsley - Chief Executive 020 7260 1000
Bill Trent - Chief Financial Officer 020 7260 1333
Gill Ackers - Brunswick 020 7396 5382
Carole Cable 020 7396 7458
PricewaterhouseCoopers LLP (Nominated Adviser)
Simon Boadle 020 7583 5000
Jon Raggett 020 7583 5000
Notes to Editors:
* Numis Securities Limited is an independent investment banking and broking
business. It is the trading subsidiary of Numis Corporation Plc, whose
shares are quoted on the Alternative Investment Market of the London Stock
Exchange.
* Numis provides a full range of high quality Corporate Finance,
Institutional Stockbroking, Trading Execution and Research services to
corporate and institutional clients. It aims to become the investment bank
and broker of choice for high quality London-quoted mid and small cap
companies and their investors.
* Numis provides high quality independent analysis on more than 335 UK
companies and has a strong and recognised capability in a broad range of
sectors, including aerospace & defence, building & property, engineering,
fast moving consumer goods, life sciences, media, metals & mining, new
energy & emissions, non-life insurance, retail, speciality & other
financials, support services, technology, travel & leisure.
* Thomson Extel Survey Awards 2007 voted Numis the leading brokerage for UK
quoted companies with a market capitalisation of up to £1bn. Numis was also
ranked first for Research, Trading & Execution and Corporate Access. Numis
was ranked second for Small Cap Brokerage and Sales. Of the fourteen
research sectors covered, Numis was ranked number one in five sectors and in
the top three in ten sectors. The research covered 1,449 buyside firms from
over 59 countries.
•Thomson Extel Survey Awards 2007 also ranked Numis first place for Mid
Cap Research (market capitalisation between £1bn and £3bn)
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.