Directorate change: 16 January 2017

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Directorate change: 16 January 2017

Panmure Gordon & Co. plc

(“Panmure Gordon” or the “Group”)

Directorate change

Panmure Gordon (AIM: PMR), the independent institutional stockbroker and investment bank, announces that Philip Tansey has served notice of his intention to step down from the Board as a Director  from 31st January 2017 and is leaving the Company as Chief Financial Officer on 31st March 2017.   Philip joined the Company and the Board in 2011.

Anthony Saroli, currently Financial Controller, will assume the role of Finance Director and will work with Philip to effect a smooth transition in the coming months. Mr Saroli will not join the Board at this time.

Panmure Gordon Chairman, Andrew Adcock commented:  

“On behalf of the Company and Board, I want to thank Philip for his dedication and tremendous contribution to the Group over the past five years.   As a member of the board and leadership team he has made a major contribution in developing the structure of Company.  We wish him the very best for the future.”

Enquiries 
Panmure Gordon020 7886 2500
Andrew Adcock, Chairman
Patric Johnson, Chief Executive Officer
Buchanan (Financial PR)020 7466 5000
Bobby Morse/Stephanie Watson panmure@buchanan.uk.com
Grant Thornton Corporate Finance (Nominated Adviser)020 7383 5100
Philip Secrett/Salmaan Khawaja/Harrison Clarke

London

Panmure Gordon & Co
One New Change
(Entrance on Watling Street)
London
EC4M 9AF
UK
+44 (0)20 7886 2500

Leeds

Panmure Gordon & Co
Park House,
Park Square West
Leeds
LS1 2PW
UK
+44 (0)113 357 1150

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Directorate change: 18 October 2016

Panmure Gordon & Co. plc

(“Panmure Gordon”)

Directorate change

Panmure Gordon announces that on 14 October 2016 Mr Anthony Cann, Non-Executive Director, served notice of his intention to retire at the end of 2016. Mr Cann joined the Board in 2007 and has served as Chair of the Remuneration Committee since 2008.

Andrew Adcock, Non-Executive Chairman commented:
“On behalf of the Board, I’d like to thank Anthony for the invaluable contribution he has made over the last nine years. We have all benefitted from his knowledge and business acumen and we wish him continued success in his other business interests.”

Mr Cann commented:
“Having reached a normal juncture in accordance with the Corporate Governance code, it is appropriate now for me to step-down from the Company’s board at the end of the year. It has been a privilege to serve as a director of Panmure Gordon and I wish the management team and the continuing board every success in taking the business further forward.”

Steve Baldwin has been appointed Chair of the Remuneration Committee with effect from the end of 2016.

 

Enquiries 
Panmure Gordon020 7886 2500
Andrew Adcock, Chairman
Patric Johnson, Chief Executive Officer
Buchanan (Financial PR)020 7466 5000
Bobby Morse/Stephanie Watson panmure@buchanan.uk.com
Grant Thornton Corporate Finance (Nominated Adviser)020 7383 5100
Philip Secrett/Salmaan Khawaja/Harrison Clarke

Directorate change: 15 August 2016

Panmure Gordon & Co. plc

(“Panmure Gordon”)

Directorate change

The Company has been advised by QInvest LLC that, following the resignation from the Panmure Gordon Board of its representative Caspar Warre on 26 July 2016, it is appointing a new director to the Board, Ataf Ahmed. This appointment will take place with immediate effect.

Ataf Ahmed, aged 42, is the global head of Asset Management for the QInvest group. Prior to joining QInvest, he was a Director in the UBS Wealth Management Hedge Funds group in Zurich where he had a range of responsibilities including oversight of a number of multi-billion dollar fund-of-hedge funds as well as overseeing the advisory fund-of-hedge fund platform for the bank on a global basis.

Panmure Gordon Chairman, Andrew Adcock, commented: “I am delighted to welcome Ataf to our Board. QInvest has been a very supportive major shareholder since August 2009, and Ataf will bring extensive knowledge and investment banking experience to our Board.”

Tamim Al-Kawari, Chief Executive Officer of QInvest commented: “QInvest remains a long-term supporter of the firm and I am delighted that someone of Ataf’s experience is joining the Board.”

 

Enquiries 
Panmure Gordon020 7886 2500
Andrew Adcock, Chairman
Patric Johnson, Chief Executive Officer
Buchanan (Financial PR)020 7466 5000
Mark Edwards/Helen Chan/Stephanie Watsonpanmure@buchanan.uk.com
Grant Thornton Corporate Finance (Nominated Adviser)020 7383 5100
Philip Secrett/Salmaan Khawaja/Jen Clarke

 

Further information on Ataf Ahmed

Dr. Ataf Ahmed is or was a director of the following companies during the last five years:

Current directorships Previous directorships      
QInvest LLC None

Dr. Ahmed is not currently beneficially interested in the issued share capital of the Company.

There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.

Directorate change: 26 July 2016

Panmure Gordon & Co. plc

(“Panmure Gordon” or “the Company”)

Directorate change

The Company has been advised that Caspar Warre, who was representing QInvest LLC (“QInvest”) on the Board of Panmure Gordon, has now left QInvest and has consequently resigned from the Board with immediate effect.

In due course QInvest will be appointing a replacement representative director.

Panmure Gordon Chief Executive, Patric Johnson, commented:

“I thank Caspar for his contribution to the Board over the last three years. My board colleagues and I wish him every success for the future.”

Enquiries 
Panmure Gordon020 7886 2500
Andrew Adcock, Chairman
Patric Johnson, Chief Executive Officer
Buchanan (Financial PR)020 7466 5000
Mark Edwards/Helen Chan/Stephanie Watsonpanmure@buchanan.uk.com
Grant Thornton Corporate Finance (Nominated Adviser)020 7383 5100
Philip Secrett/Salmaan Khawaja/Jen Clarke

Board Change and Shareholder Financing

Panmure Gordon (AIM: PMR), the independent institutional stockbroker and investment bank, announces that Phillip Wale has stepped down from the Board as Chief Executive Officer and is leaving the Company. Patric Johnson, who was appointed Deputy Chief Executive Officer in October 2015, is appointed Chief Executive Officer with immediate effect, subject to FCA approval.

 

Patric, 44, joined Panmure Gordon in 2013 from Evolution Group (acquired by Investec in 2012), where he served on the board of Evolution Securities and was Head of Distribution. Prior to this role he was co-founder and Chief Operating Officer of ICAP Equities Ltd. He was appointed to the Board of Panmure Gordon in March 2015.

 

Since the trading statement issued on 23 December market conditions have continued to be challenging however, since 1 January 2016 the Company has raised a total of £244 million for clients and advised on three corporate transactions including the acquisition of the “i” newspaper by Johnston Press plc and completion of the rights issue for RPC Group plc.

 

To help fund the continued growth of the business, a £5.0m funding facility has been agreed to be made available to the Company by its main shareholder, QInvest LLC (“QInvest”). The revolving funding facility is Sharia compliant and being provided by QInvest to the Company on an unsecured basis with an initial term of 18 months with a cost of funding equivalent to LIBOR plus 250bp. The Directors of the Company (other than Tamim Al-Kawari, Michael Katounas and Caspar Warre by virtue of their relationship with QInvest LLC) consider, having consulted with the nominated adviser, that the terms of the facility are fair and reasonable insofar as shareholders are concerned.

 

Tamim Al-Kawari, Non-Executive Director of Panmure Gordon and Chief Executive Officer of QInvest commented:

“We are fully supportive of Panmure Gordon and its senior management team and firmly believe in the long term prospects for the business, which are anchored around its heritage, people, breadth of experience and its plans for the future. I would like to take this opportunity to thank Phillip Wale for his contribution to the firm. We look forward to deepening our relationship with Panmure Gordon as it enters a new phase to ensure value creation for all stakeholders.”

 

Chairman, Ed Warner, said:

“We would like to thank Phillip Wale for his hard work and total dedication to Panmure Gordon over the last four years. The Company is greatly indebted to him for his leadership and the Board wishes him every success in his future endeavours.   We are also pleased to welcome Patric to the position of Chief Executive; the Board looks forward to working with him as he implements his strategy for building the business and we very much appreciate the continued support from our major shareholder.”

Enquiries 
Panmure Gordon020 7886 2500
Andrew Adcock, Chairman
Patric Johnson, Chief Executive Officer
Buchanan (Financial PR)020 7466 5000
Mark Edwards/Helen Chan/Stephanie Watsonpanmure@buchanan.uk.com
Grant Thornton Corporate Finance (Nominated Adviser)020 7383 5100
Philip Secrett/Salmaan Khawaja/Jen Clarke

 

Directorate change: 17 February 2016

Panmure Gordon announces that Ed Warner, non-Executive Chairman, has today served notice of his intention to step down at the Company’s forthcoming Annual General Meeting in May. Mr. Warner joined the Board in 2009, serving as Chairman since October 2010, and is leaving to concentrate on his other business interests. A search for his replacement is underway and a further announcement will be made in due course.

 

Phillip Wale, Chief Executive Officer commented:

“Ed has chaired the company with professionalism and dedication and we are grateful for his contribution over the past 6 years and wish him well with his many other roles in the future.”

 

Mr. Warner commented:

“I am delighted to have had the opportunity to be Chairman of such a distinguished City institution as Panmure Gordon. I wish its staff every success and look forward to watching the Company thrive over the coming years.”

Enquiries 
Panmure Gordon020 7886 2500
Phillip Wale, Chief Executive Officer
Philip Tansey, Chief Financial Officer
Buchanan (Financial PR)020 7466 5000
Mark Edwards/Helen Chan/Stephanie Watsonpanmure@buchanan.uk.com
Grant Thornton Corporate Finance (Nominated Adviser)020 7383 5100
Philip Secrett/Salmaan Khawaja/Jen Clarke

Appointment of Non-Executive Director: 1 February 2016

Panmure Gordon & Co. plc is pleased to announce the appointment of Steven Baldwin to the Board as a non-executive director, with effect from 1 February 2016.

Mr Baldwin will be a member of both the Audit Risk and Compliance Committee and the Remuneration Committee from the date of his appointment. In accordance with Group policy, Mr Baldwin will offer himself for election at the 2016 Annual General Meeting.

Board chairman, Ed Warner, commented: “We are delighted to welcome Steve as a non-executive director of Panmure Gordon. He brings a breadth and depth of recent experience in broking and M&A gained over his 25 year career in finance and in the City including at J.P. Morgan Cazenove and Macquarie and we look forward to the benefit of his insights in our deliberations as we ensure that Panmure Gordon is well placed to prosper over the coming years.”

Mr Baldwin commented: “I am delighted to be joining the Board of Panmure Gordon and look forward to making a contribution to the future growth and success of the Company.”

Mr Baldwin, aged 47, is currently a non-executive director of Elegant Hotels Group plc and is chair of its Audit and Nominations Committees. A qualified chartered accountant, he has worked in the City for 25 years including over 10 years at J.P. Morgan Cazenove where he was Director in the industrial and energy sector and over four years at Macquarie where he was Head of European Equity Capital Markets and Corporate Broking. He has a BA (Hons) degree from Oxford University.

Directorate change: 24 March 2015

Panmure Gordon is pleased to announce the appointment of Patric Johnson, Head of Securities, to the Board with effect from today, 24 March 2015.

Board Chairman Ed Warner commented: “We are pleased to have attracted someone with the drive and experience of Patric to the Board and look forward to greater success for both him and for Panmure Gordon.”

 

Mr Johnson commented: “It is a great honour to be appointed to the Board of a company with the heritage of Panmure Gordon and I am keen to contribute to the further success of the Company and build upon the hard work of recent years.”

 

Patric Johnson, aged 43, has extensive experience; he joins the firm from Evolution Group (Acquired by Investec in 2012), where he served on the board of Evolution Securities and was Head of Distribution. Before joining Evolution Group, he was a Board member, co-founder and Chief Operating Officer within ICAP Equities. Patric has over 18 years of experience in the financial services community.

 

Patric is co-founder and on the board of Match Capital Limited, a business assisting early stage companies raise capital, as well as a Director of Hilary Close (Freehold) Limited, a non-trading company.

 

Enquiries:

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

Further Information

Patric Jasper Thewlis Johnson, is or was a director of the following companies during the last five years:

Current Directorships Previous directorships   
Match Capital Ltd Evolution Securities Limited
Hilary Close (Freehold) Limited ICAP Equities Limited

Mr Johnson is currently beneficially interested in 6,097 ordinary shares of 4p each, equal to 0.04% of the issued share capital of the Company.

There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.

 

Proxy appointment disclosure: 21 May 2014

The Annual General Meeting of Panmure Gordon & Co. plc was held on 21 May 2014.

All resolutions put to the meeting were approved and were decided on a show of hands.

The following levels of proxy appointments and associated instructions were received prior to the meeting.

1. Receipt of the accounts for the year ended 31 December 2013

For 10,234,547 shares (99.95%)
Against 0 shares  (0.00%)
Discretion 5,600 shares  (0.05%)
Votes withheld 14,848 shares
Total proxy votes cast 10,240,147 shares

 

2. Election of Michael Katounas as a Director

For 10,245,195 shares (99.93%)
Against 1,200 shares  (0.01%)
Discretion 5,600 shares  (0.06%)
Votes withheld 3,000 shares
Total proxy votes cast 10,251,995 shares

 

3. Re-election of Philip Tansey as a Director

For 10,225,805 shares (99.93%)
Against 1,200 shares  (0.01%)
Discretion 5,600 shares  (0.06%)
Votes withheld 22,390 shares
Total proxy votes cast 10,232,605 shares

 

4. Re-election of Ed Warner as a Director

For 10,230,347 shares (99.93%)
Against 1,200 shares  (0.01%)
Discretion 5,600 shares  (0.06%)
Votes withheld 17,848 shares
Total proxy votes cast 10,237,147 shares

 

5. Appointment of KPMG LLP as auditors

For 10,247,795 shares (99.93%)
Against 1,600 shares  (0.02%)
Discretion 5,600 shares  (0.05%)
Votes withheld 0 shares
Total proxy votes cast 10,253,395 shares

 

6. Authority to agree the remuneration of the auditors

For 10,248,095 shares (99.93%)
Against 1,200 shares  (0.01%)
Discretion 5,600 shares  (0.06%)
Votes withheld 100 shares
Total proxy votes cast 10,254,895 shares

 

7. Approval of the Directors’ remuneration report

For 10,229,047 shares (99.89%)
Against 5,200 shares  (0.05%)
Discretion 5,600 shares  (0.06%)
Votes withheld 15,148 shares
Total proxy votes cast 10,239,847 shares

 

8. Authority to allot shares

For 10,244,295 shares (99.91%)
Against 3,800 shares  (0.04%)
Discretion 5,600 shares  (0.05%)
Votes withheld 300 shares
Total proxy votes cast 10,253,695 shares

 

9. Authority to disapply pre-emption rights

For 10,245,595 shares (99.91%)
Against 3,600 shares  (0.04%)
Discretion 5,600 shares  (0.05%)
Votes withheld 200 shares
Total proxy votes cast 10,254,795 shares

 

10. Authority to purchase own shares

For 10,230,047 shares (99.90%)
Against 4,500 shares  (0.04%)
Discretion 5,600 shares  (0.06%)
Votes withheld 14,848 shares
Total proxy votes cast 10,240,147 shares

 

11. Authority to reduce the share capital of the Company

For 10,230,947 shares (99.77%)
Against 18,148 shares  (0.18%)
Discretion 5,600 shares  (0.06%)
Votes withheld 300 shares
Total proxy votes cast 10,254,695 shares

 

 

Directorate Change: 3 June 2013

The Company has been advised by QInvest LLC that, following the resignation from the Panmure Gordon Board of its representative, Shahzad Shahbaz, it is appointing a replacement non-independent, non-executive director to the Board, Michael Katounas, with immediate effect.

Michail (known as Michael) Katounas, aged 38, is the Head of Investment Banking at QInvest. Prior to joining QInvest in April this year, Michael spent several years with Credit Suisse, latterly as Director, Investment Banking in Dubai. He previously worked in ABN Amro’s London corporate finance business following roles at Shell Oil and Procter & Gamble. He is also a Director of Prosales SA. He has a Masters Degree from London School of Economics and is a CFA Charter Holder.

Save as set out above, there is no further information to be disclosed under Schedule 2 paragraph (g) of the AIM Rules.

Panmure Gordon Chairman, Ed Warner, commented: “It is a pleasure to welcome Michael to our Board. His extensive experience in global investment banking will add significant value and perspective to our business.”

Michael Katounas commented: “I am delighted to be joining my board colleagues to further strengthen Panmure Gordon and assist in developing rewarding opportunities for our respective firms and the clients we serve.”