Cenkos Securities PLC AGM Statement (8414Y)
May 10 2023 - 2:00AM
UK Regulatory
TIDMCNKS
RNS Number : 8414Y
Cenkos Securities PLC
10 May 2023
10 May 2023
Cenkos Securities plc
("Cenkos" or the "Company")
AGM Statement
Cenkos will be holding its Annual General Meeting (the "AGM")
today at 9.30 a.m. at 6.7.8 Tokenhouse Yard, London, EC2R 7AS. At
the AGM, the Chairman of the meeting will make the following
statement in relation to the current year:
On 23 March 2023, the Company announced a recommended all-share
merger with finnCap Group plc to create a market leading
full-service advisory firm for growth and investment companies
which, on a proforma combined basis, would have more than 210
retained listed or quoted clients and employ more than 230
colleagues. The combined group will build on its strong foundations
across equity capital markets, M&A advisory, debt advisory and
private growth capital fundraising. The Company continues to work
on the execution of this exciting transaction, having posted the
scheme document to shareholders on 20 April 2023 and will hold
requisite court and general meetings on 17 May 2023.
Despite the Equity Capital Markets remaining challenging with
relatively low levels of activity, revenue for the year to date
continues to track ahead of the average run-rate for H2 2022. So
far this year we have added 6 new clients, undertaken 9
fundraisings, including the IPO of Onward Opportunities Limited,
and have a solid pipeline of further potential IPOs, secondary
fundraisings and M&A transactions being worked on. As a firm,
we remain focused on cost control, growing our market share and
providing a first-class service to our clients and remain poised to
take advantage of improving market conditions.
For further information, please contact:
Cenkos Securities plc
Julian Morse, Chief Executive Officer Tel: 020 7397 8900
SPARK Advisory Partners Limited
Matt Davis, Nominated Adviser Tel: 020 3368 3552
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END
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