Result of AGM
June 02 2009 - 5:11AM
UK Regulatory
TIDMAMBR
RNS Number : 1938T
Ambrian Capital PLC
02 June 2009
02.06.09
Ambrian Capital plc
Result of Annual General Meeting
Ambrian Capital plc ("Ambrian Capital" or "the Company") announces that at its
Annual General Meeting held today all resolutions were passed.
Lawrence Banks, Chairman of Ambrian Capital, updated shareholders with the
following statement :
"Ambrian Capital has had an excellent start to the year with revenues and
profits in the first five months ahead of the same period last year. Our balance
sheet remains highly liquid.
Our Commodities business, and in particular physical metals merchanting, has
benefitted from record flows of refined copper into China and the sharp rally in
the copper price since the start of the year. The Corporate Finance & Equities
business has seen a pick-up in activity across the board, with our stockbroking
and market making activities performing well as a result of the rebound in the
share prices of natural resources companies. We are also advising on a number of
major M&A assignments and have completed several equity financings in the mining
and cleantech sectors.
Although Chinese imports of metals are declining from the high levels we have
experienced in recent months, Ambrian Capital's mix of businesses - equities,
futures and physicals - positions it well to benefit from the eventual recovery
in world-wide demand for natural resources."
Enquiries
+-------------------------+-------------------------+----------------------------------+
| Tom Gaffney | Simon Law | Charlotte Kirkham |
| Chief Executive Officer | Fox-Pitt Kelton | M: Communications |
| Ambrian Capital plc | Tel: +44 (0)20 7663 | Tel: +44 (0)20 7153 1531 |
| Tel: +44 (0)20 7634 | 6023 | |
| 4700 | | |
| | | |
+-------------------------+-------------------------+----------------------------------+
Notes to Editors :
Ambrian Capital plc
Ambrian Capital (AIM : AMBR) is the holding company of Ambrian Partners Limited,
Ambrian Commodities Limited and Ambrian Metals Limited.
Ambrian Partners Limited is a specialist investment bank focussed on the metals
& mining, oil & gas, and cleantech sectors. It provides corporate finance
advice, equity research, sales and trading and market making services. Ambrian
Partners was ranked first in the AIM Basic Materials Sector in the
Hemscott 2ndQuarter 2009 Advisers Rankings Guide. Ambrian Partners is a member
of the London Stock Exchange and is authorised and regulated by the Financial
Services Authority.
Ambrian Commodities Limited is a trader and broker specialising in London Metals
Exchange cleared base metals futures and options. Its customers include metals
producers, consumers, merchants, traders and financial investors. Ambrian
Commodities is an Associate Broker Member of the London Metal Exchange and is
authorised and regulated by the Financial Services Authority.
Ambrian Metals Limited is an independent physical metals trader with particular
strengths in copper, aluminium and lead. Through Ambrian Metals' offices in
London and Shanghai and agents in Calcutta, New York, Santiago, Sao Paolo, Seoul
and Tokyo, it sources non-ferrous metals from producers for distribution to an
international client base of metals consumers and merchants.
Further information on Ambrian Capital is available on the Company's website:
www.ambrian.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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