Directorate change: 30 December 2009

Panmure Gordon & Co. plc announces that Paul Gismondi, a non-executive director of the Company, will be stepping down from the Board with immediate effect.

Mr Gismondi was appointed to the Board in 2007 by UKPG Holdings LLC in accordance with the Relationship Agreement in place between the Company, UKPG Holdings and Lazard & Co., Limited. UKPG Holdings ceased to be entitled to appoint a non-executive director under the terms of the Relationship Agreement once its shareholding fell below 10% of the ordinary share capital of the Company following the placing of shares to QInvest in August of this year. However, Mr Gismondi remained on the Board until a replacement, independent non-executive director could be appointed. With Ed Warner now having joined the Board, Paul has chosen to resign.

Board chairman, Simon Heale said: “Paul’s international banking experience was especially useful at a time of great change for the firm. He departs with our gratitude and our best wishes for the future.”


Nathaniel Webb, Group Communications Manager 020 7459 3600
Tim Linacre, Chief Executive

Gerry Beaney, Grant Thornton, Nominated Adviser 020 7383 5100