TIDMFCAP

RNS Number : 5816U

finnCap Group PLC

07 April 2021

For immediate release

7 April 2021

finnCap Group PLC

FY21 Unaudited Total Income - Strong end to FY21

Further to its announcement of 3 March 2021, finnCap Group PLC ("finnCap" or the "Company" or the "Group"), a leading provider of strategic advisory and capital raising services to growth companies, is delighted to confirm that unaudited total income for the year ended 31 March 2021 is expected to be approximately GBP47.3m, an increase of 83% over the prior year.

Performance in March has been stronger than expected across all parts of the Group with the successful completion of further equity fundraisings, private M&A transactions and the Group's fourth IPO of FY21.

The unaudited divisional performance is set out below:

 
 Year to 31 March                2021   2020 
 (unaudited)                     GBPm   GBPm      % 
 
 Revenues 
 Retainer income                  6.4    6.5    -2% 
 Transactions                    21.1    8.6   145% 
 Institutional stockbroking       6.7    3.6    86% 
                                -----  ----- 
 Capital Markets                 34.2   18.7    83% 
 M&A advisory                    12.2    7.3    67% 
                                -----  ----- 
 Total Revenue                   46.4   26.0    78% 
 Other Income                     0.9   -0.1 
 Total Income                    47.3   25.9    83% 
                                -----  ----- 
 
 

Sam Smith, CEO commented:

"The Group continued to perform strongly in March, surpassing our expectations. We acted on secondary equity issues raising a total of GBP66m, completed the GBP83.8m IPO of Parsley Box PLC, advised on several private M&A transactions including the sale of David Rubin & Partners, and secured GBP52m of debt funding for Rockpool Investments' acquisition of Cambridge Maintenance Services.

This performance is testament to the platform that we have built to service the strategic and financial needs of ambitious growing companies and their management teams. Our pipeline for Q1 is healthy and I look forward to announcing our full year results in July."

Contacts:

finnCap Group plc Tel: +44 (0) 20 7220 0500

Sam Smith, Chief Executive Officer investor.relations@finncap.com

Richard Snow, Chief Financial Officer

Grant Thornton (Nominated Adviser) Tel: +44 (0) 20 7383 5100

Philip Secrett/Samantha Harrison/Seamus Fricker

Oberon Capital (Joint Broker) Tel: +44 (0) 20 3179 5344

Mike Seabrook

finnCap Ltd (Joint Broker) Tel: +44 (0) 20 7220 0500

Rhys Williams/Tim Redfern

Hudson Sandler (PR Adviser) Tel: +44 (0) 20 7796 4133

Dan de Belder/Rebekah Chapman

About finnCap

finnCap provides financial services to growth companies both public and private. It provides advisory, broking and research services to companies on AIM and on the London Stock Exchange Main Market and also advises on M&A, with a specialism in sell-side M&A through Cavendish, as well as arranging corporate debt and private company fundraisings. finnCap also provides trading services to a broad range of institutional investors.

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April 07, 2021 02:00 ET (06:00 GMT)