Peel Hunt Limited AGM Trading Update (1129F)
July 06 2023 - 1:00AM
UK Regulatory
TIDMPEEL
RNS Number : 1129F
Peel Hunt Limited
06 July 2023
6 July 2023
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 2023. This
statement is issued in advance of the Annual General Meeting which
is being held at 1.00pm today.
Since we announced our FY23 Full-Year Results on 16 June, the
macro-economic backdrop has continued to be challenging and
investor sentiment has remained low. However, during the first
quarter of FY24, we have supported our corporate clients in
relation to a number of announced M&A and ECM transactions.
This has included acting as named financial adviser on
approximately a quarter of firm offers made for UK listed companies
during the period, and as a bookrunner on the largest UK IPO so far
this year. As a result, the group's performance for Q1 is in line
with market expectations, with full-year revenues expected to be
second half weighted.
As capital markets activity improves, we remain confident that
our diversified business model, as a leading UK independent
investment bank, positions us well to take advantage of
opportunities that may arise.
For further information, please contact:
Peel Hunt : via MHP
Steven Fine, CEO
Sunil Dhall, CFOO
MHP (Financial PR): +44 (0)20 3128 8540
Tim Rowntree
Charlie Barker
Robert Collett-Creedy
peelhunt@mhpgroup.com
Grant Thornton UK LLP (Nominated Adviser) : +44 (0)20 7728
2942
Colin Aaronson
Samuel Littler
Keefe, Bruyette & Woods (Corporate Broker) : +44 (0) 20 7710
7600
Alistair McKay
Alberto Moreno Blasco
Fred Walsh
Akshman Ori
Notes to editors
Peel Hunt is a leading specialist in UK investment banking. Our
purpose is to guide and nurture 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.
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END
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