Wed 21 May 2014
At the annual general meeting of the Company being held today, Ed Warner, board chairman, will make the following comment:
“Panmure Gordon continues to make encouraging progress in 2014, building upon the Company’s improved results in 2013. This has resulted from decisive management action to re-structure and re-focus the business, allowing it to take advantage of more favourable market conditions.
Since the start of the year, the Company has enjoyed strong growth in revenues in both the primary and secondary markets, in particular leading a number of high quality transactions for corporate clients. This has had the desired positive effect on profitability.
We entered 2014 stronger than at any point in many years, and as the Board indicated at the time of the announcement of our 2013 results, we plan to resume the payment of dividends in 2015 should market conditions and the firm’s profitability be maintained for the full year.”