Proposed Purchase of Charles Stanley Securities

Panmure Gordon (AIM: PMR), a leading independent stockbroker and investment bank, announces that it has entered into an exclusive Heads of Terms agreement in respect of the proposed purchase of Charles Stanley Securities, the investment banking division of Charles Stanley Group Plc.

 6 May 2015

Panmure Gordon & Co. plc

(“Panmure Gordon” or the “Company”)

 

Proposed Purchase of Charles Stanley Securities

 

Panmure Gordon (AIM: PMR), a leading independent stockbroker and investment bank, announces that it has entered into an exclusive Heads of Terms agreement in respect of the proposed purchase of Charles Stanley Securities, the investment banking division of Charles Stanley Group Plc.

The acquisition of this complementary business would result in a significantly enhanced offering to corporate and institutional clients.

At this stage no assurance can be given that a transaction will proceed.  However, subject to due diligence and regulatory approval, completion is anticipated by the end of May 2015.

The Company will issue a further statement in due course.

Enquiries:

Panmure Gordon
Phillip Wale, Chief Executive 020 7886 2500
Philip Tansey, Chief Financial Officer
Patric Johnson, Head of Securities
Buchanan (financial PR) 020 7466 5000
Mark Edwards/Helen Chan/Stephanie Watson panmure@buchanan.uk.com
Grant Thornton Corporate Finance (Nominated Adviser) 020 7383 5100
Philip Secrett/Salmaan Khawaja/Jen Clarke

 

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