Peel Hunt Limited AGM Trading Update (6059R)
July 07 2022 - 1:00AM
UK Regulatory
TIDMPEEL
RNS Number : 6059R
Peel Hunt Limited
07 July 2022
7 July 2022
Peel Hunt Limited
(" Peel Hunt ")
AGM Trading Update
Peel Hunt Limited today provides the following trading update in
relation to the three month period ended 30 June 2022. This
statement is issued in advance of the Annual General Meeting which
is being held at 12.00pm today.
Revenue for the first quarter ended 30 June 2022 was GBP22.8m as
a result of continuing low levels of market wide capital markets
activity.
During the period we have continued to build our retained
corporate client base adding 7 new clients (3 of which are in the
FTSE 350) and we have a substantial pipeline of Investment Banking
transactions with over 50 mandated deals.
We are delighted that leading intermediaries AJ Bell and
Hargreaves Lansdown have selected our REX technology platform (
www.rexretail.com ) to provide their new retail share offer
service, further supporting the democratisation of capital markets
by enabling their retail customers to participate in IPOs and
ABBs.
We have a diversified and resilient business with a strong
balance sheet. We continue to take a long term view, investing in
the business to deliver our strategic priorities including
developing our proprietary technology and international
capabilities. As a result, the business is very well positioned for
when market conditions improve.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 which is part of UK law by virtue of
the European Union (withdrawal) Act 2018. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
For further information, please contact:
Peel Hunt via MHP
Steven Fine, CEO
Sunil Dhall, CFOO
MHP (Financial PR) +44 (0)20 3128 8540
peelhunt@mhpc.com
Andrew Jaques
Charlie Barker
Robert Collett-Creedy
Grant Thornton UK LLP (Nominated
Adviser) +44 (0)20 7728 2942
Colin Aaronson
Daphne Zhang
Sam Littler
Keefe, Bruyette & Woods (Corporate
Broker) +44 (0) 207 710 7600
Alistair McKay
Alberto Moreno Blasco
Fred Walsh
Dennis Towers
Notes to editors
Peel Hunt is a leading specialist in UK Investment Banking,
ranked number one broker for UK mid- and small-cap companies in
Institutional Investor's 2021 Survey. Our purpose is to nurture and
guide people through the evolution of business. We achieve this
through a proven, joined-up approach that consistently delivers
value to UK corporates, global institutions and trading
counterparties alike.
We have 165 corporate clients (including 34 in the FTSE 350),
with an average market capitalisation of approximately GBP600m. Our
award-winning research is distributed to over 1,235 institutions
across the UK, Europe and US. Our trading platform makes markets in
over 10,000 instruments on over 45 markets and is an increasingly
important provider of trade execution services to UK retail
platforms and brokers.
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END
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