finnCap Group PLC FY21 Unaudited Total Income - Strong end to FY21 (5816U)
April 07 2021 - 01:00AM
UK Regulatory
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.
END
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