Arden Partners plc Statement Regarding Share Price Movement (7092G)
March 19 2020 - 3:00AM
UK Regulatory
TIDMARDN
RNS Number : 7092G
Arden Partners plc
19 March 2020
Arden Partners plc
("Arden" or the "Company")
Statement Regarding Share Price Movement
Arden (AIM: ARDN) has noted the recent downward movement in its
share price, in particular on 18 March 2020, on very small
volumes.
The Board understands the current volatile nature of the stock
market and the impact of this on relatively illiquid stocks, but it
wishes to advise shareholders that, as at 29 February 2020, the
unaudited net asset value of the Company was GBP5.6m (equating to a
net asset value per share of 19.2 pence).
The Company's preliminary results statement (released on 3
February 2020), highlighted that it was well capitalised as at its
latest year end and the Board confirms that it remains so.
The Board's priority will be to protect the Company's balance
sheet whilst remaining focussed on delivering its stated growth
strategy and on servicing Arden's clients' needs. This remains the
case despite the current difficult market conditions.
For further enquiries:
Arden Partners plc 020 7614 5900
Steve Douglas - Group Finance Director
GCA Altium Limited 020 7484 4040
Sam Fuller / Tim Richardson
Notes for editors
Arden is a dedicated corporate adviser and multi-service
stockbroker to small and mid-cap companies in the UK and their
investors.
The absolute core of our business is the effective management of
the needs of our significant and growing base of corporate clients,
and the effective support of their relationships with existing and
potential shareholders.
These relationships are enhanced by the quality of our corporate
finance advice and industry research, and the strong market
presence of our sales and trading teams.
Our corporate finance capabilities encompass M&A, corporate
finance advisory, broking and Sponsor and NOMAD services. We
represent our clients in private transactions and AIM and Main
Market share issues.
Our research is designed to be sector focused, concentrating on
top down thematic trends which highlight companies giving investors
an exposure to the real growth areas of the small-cap and AIM
markets.
It is the job of the sales team to keep institutions abreast of
these themes and stock ideas. When there is a requirement for our
corporate clients to raise money to fulfil their growth ambitions,
the sales team is in a strong position to effect this, with its
entrenched relationships with the UK institutional and
non-institutional markets.
Our market making and trading teams provide liquidity in the
shares of our corporate clients. We also trade the shares of
non-client corporates on behalf of institutions.
The recently added Arden Wealth Management team offers a bespoke
discretionary service to our clients, with the ability to
trade/invest in equities, bonds and a range of global investment
funds.
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Kingdom. Terms and conditions relating to the use and distribution
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contact rns@lseg.com or visit www.rns.com.
END
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