31st May 2007 11:11
Evolution Group PLC31 May 2007 31 May 2007 The Evolution Group Plc ("the Group") AGM Trading Update At today's Annual General Meeting of The Evolution Group Plc, the listedinvestment bank and private client fund management group, the Chairman, MartinGray, gave the following trading update to shareholders: "I am pleased to report that since the publication of our preliminary results on2 April 2007 the encouraging trend shown during the first three months of 2007has continued and the Group is trading in line with expectations. Evolution Securities has continued to grow its secondary franchise throughsignificant gains in market share which have resulted in strong growth in incomefrom these activities over the levels seen in previous periods. Meanwhile it hasdeveloped its primary business of corporate finance and corporate broking toplan and has an excellent pipeline of transactions in the short and medium term. Williams de Broe, the Group's private client fund management business, hasmaintained the strong momentum in winning new funds under management over thecourse of this year. With this momentum and significant recruitment completedacross the branches we remain on track to reach our current target of £3 billionof funds under management. The Board looks forward to continuing progress during the remainder of 2007." -Ends- The Evolution Group Plc 020 7071 4300Alex Snow, Chief ExecutiveGraeme Dell, Finance Director Bell Pottinger Corporate & Financial 020 7861 3232Charles CookeAngus Prentice Notes to Editors: The Evolution Group PlcThe Evolution Group is the holding company of Evolution Securities Limited,Williams de Broe Limited and Evolution Securities China Limited. Founded inApril 2001 and originally listed on the AIM, the Evolution Group joined theOfficial List in 2003 and now has a market capitalisation of over £312 million. Evolution Securities Limited is a leading investment bank focused on mid-cap UKpublic companies. It provides a full range of investment banking servicesincluding equity research, institutional sales and trading, market making andcorporate finance advice. Evolution Securities Limited has approximately 90retained corporate clients. Evolution Securities Limited is authorised andregulated by the Financial Services Authority. Williams de Broe Limited is a leading private client fund manager, with officesin Bath, Birmingham, Bournemouth, Exeter, Guildford and London. Williams de BroeLimited is authorised and regulated by the Financial Services Authority. Evolution Securities China Limited is a specialist Chinese investment bankingbusiness with offices in London, Hong Kong and Shanghai. It offers UK basedinstitutional clients research and trading in listed Chinese stocks and Chinesecorporates access to the markets in London and Hong Kong. Evolution SecuritiesChina Limited is authorised and regulated by the Financial Services Authority. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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