Trading Update

RNS Number : 0686T

Numis Corporation PLC

01 October 2014

 



1^st October 2014 at 7.00 am

Numis Corporation Plc

Trading Update

Wednesday 1^st October 2014 at 7.00am: Numis Corporation Plc ("Numis") today issued a trading update relating to the year ended 30^th September 2014.

Full year revenues from our core activities have grown by 19%. 

Whilst our second half performance did not match that of the same period last year, reflecting lower market volumes, Numis successfully completed a further 21 equity issuances in the second half, including 11 IPOs. This brings the total number of transactions for the year to 44, including 16 IPOs and for the second year in succession, funds raised exceeded £2billion.     

Within the overall numbers, our secondary business also performed well. Combined institutional commission and trading revenues for the full year exceeded the previous record set in our last financial year.

Our corporate client list continues to grow with a net addition of 15 during the year bring the total for whom we act to 171.

Numis will announce full preliminary results for the year ended 30^th September 2014 on Thursday 4^th December 2014.

Commenting on the Trading Update, Oliver Hemsley, Chief Executive, said:

"The improving economy has led to an increase in confidence amongst our clients and an increased willingness to engage in corporate activity. This bodes well for the prospects for M&A and IPO activity in the coming year.

We have, again, strengthened our corporate business and now act for 171 corporate clients with the prospect of further additions in the year ahead. This is testament to our relentless focus on building and maintaining long-term relationships with our clients."

ENDS

Contacts:

Oliver Hemsley, Chief Executive	020 7260 1256
Brunswick:
Gill Ackers	020 7404 5959
Simone Selzer	020 7404 5959
PricewaterhouseCoopers LLP (Nominated Adviser):
Simon Boadle	020 7583 5000
Jon Raggett	020 7583 5000

Notes for Editors

Numis is a leading independent investment banking and stockbroking group offering a full range of research, execution, corporate broking and corporate finance services to companies quoted in the UK and their investors.

 

END

 

 

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