At the annual general meeting of the Company being held today, Ed Warner, board chairman, will make the following comment.

“Panmure Gordon’s business continues to make good progress. Since the start of the year, we have continued to win new corporate clients, taking our total number of listed clients to 112.

Last year, as we strengthened our revenues, we added additional resources to our investment funds business. The new team members have contributed positively since their arrival, in terms of both client numbers and revenue generation.

While global indices have rallied this year, it has been a recovery without significant volume or underlying confidence. In spite of the volatile markets, we have executed a number of mandates since the beginning of the year and we continue to be appointed to further high quality corporate transactions.

We are confident in our ability to execute superbly for our clients, control costs and take advantage of market consolidation to attract outstanding people to help us take the business forward.”