LONDON, 1 June 2010 – Panmure Gordon & Co is pleased to announce that it has acted as financial advisor to M&G Investments’ UK Companies Financing Fund as it arranged a £100m 10-year-term loan to Stobart Group.

Panmure Gordon & Co group chief executive, Tim Linacre, commented: “This transaction is an excellent example of Panmure Gordon’s debt advisory capability. The UK Companies Financing Fund was created by M&G Investments to invest in stable, quality UK companies over a longer period of time.

“Stobart Group has been able to secure a highly flexible debt facility over a 10-year period, which will enable it, in part, to further develop Southend Airport; and M&G Investments gains a valuable, stable source of income from a very high quality UK company.”