Numis Corporation PLC Trading Update (4037L)
October 03 2016 - 2:00AM
UK Regulatory
TIDMNUM
RNS Number : 4037L
Numis Corporation PLC
03 October 2016
3(rd) October 2016 at 7.00 am
Numis Corporation Plc
Trading Update
Monday 3(rd) October 2016 at 7.00am: Numis Corporation Plc
("Numis") today issued a trading update relating to the year ended
30(th) September 2016.
Revenue from our core activities has grown by 14% versus prior
year reaching record levels and is comfortably above GBP100m for
the first time in the Group's history.
Although activity in the UK equity market was somewhat impacted
by the Brexit vote during our second half, Numis completed a
further 19 equity raises, including 3 IPOs. This brings the total
number of equity deals in which we acted to 46 for the year with
funds raised just below GBP1.9 billion.
Corporate activity within our client base continued during the
year and saw the completion of 26 pure advisory mandates.
Consequently, combined revenues from equity issuance and advisory
activities grew by 15%, surpassing the record levels achieved last
financial year. Despite M&A activity amongst our clients, the
number of corporate clients for whom we act continues to grow with
net additions of 15 during the year bringing the total to 198.
Our equity sales, research and execution activities also
performed well during the year, increasing combined institutional
commission and trading revenues by 13% year-on-year.
We continue to invest in our people in order to ensure that the
provision of high quality advice, research and execution continues
to define our approach to offering the best possible service to our
corporate and institutional clients.
Numis will announce full preliminary results for the year ended
30(th) September 2016 on Wednesday 7(th) December 2016.
Alex Ham and Ross Mitchinson, Co-Chief Executive Officers,
issued the following joint statement:
"It is pleasing to report that, following a record first half,
the business continued to perform well during our second half
despite the market-wide impact on equity issuance following the
Brexit vote.
Our current deal pipeline is encouraging and we remain
determined to support UK companies of all sizes seeking capital to
grow, whilst simultaneously building long-term relationships with
companies and investors."
ENDS
Contacts
Numis Corporation:
Alex Ham & Ross Mitchinson - Co Chief Executive Officers 020 7260 1245
Brunswick:
Gill Ackers 020 7404 5959
Simone Selzer 020 7404 5959
Grant Thornton UK LLP (Nominated Adviser):
Philip Secrett 020 7383 5100
Jen Clarke 020 7383 5100
Notes for Editors
Numis is a leading independent corporate advisory and
stockbroking group offering a full range of research, execution,
corporate broking and advisory services to companies quoted in the
UK and their investors
This information is provided by RNS
The company news service from the London Stock Exchange
END
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