LONDON, 18 March, 2009 – Panmure Gordon & Co is pleased to announce that it has acted jointly as sponsor, financial adviser, broker and underwriter for its client, SIG, in a Placing and Open Offer and Firm Placing at 75p per share, raising £341m.
Tim Linacre, chief executive of Panmure Gordon commented:
“SIG has been a client of Panmure Gordon’s since 2003 and we are delighted to have worked successfully to achieve an outstanding result for the company in current markets.
“Over the last 12 months, we have been appointed by 15 new corporate clients who chose Panmure Gordon for its long-standing reputation to give excellent advice and to achieve results, whatever the market conditions.
“Today’s announcement follows the successful completion of the £87m Workspace fundraising at the beginning of the month and two M&A advisory mandates in the US,” Mr Linacre said.
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About the Panmure Gordon Group
Founded in 1876, Panmure Gordon & Co (PMR.L) is a leading independent mid-cap institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 250 professionals across the US, the UK and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management. www.panmure.com and www.thinkequity.com