25th May 2006 11:00
Evolution Group PLC25 May 2006 THE EVOLUTION GROUP PLC AGM Trading Update At today's Annual General Meeting of The Evolution Group Plc, the listedinvestment bank and retail fund management group, Chairman Martin Gray gave thefollowing trading update to shareholders: "I am pleased to be able to confirm that the Group's three principal operatingbusinesses, Evolution Securities, Christows and Evolution Securities China aretrading in line with expectations. We have, of course, recently announced that we are in a period of exclusivediscussions with ING Group NV relating to the purchase of Williams de Broe. These discussions continue, and we are hopeful of bringing them to a conclusionvery shortly. We have also announced the acquisition of Watterson Asia, based in Hong Kongwith a licence to undertake corporate finance and securities dealing activities.Your Board expects that this acquisition, which is subject to the approval ofthe Securities & Futures Commission of Hong Kong will significantly enhance thebusiness of Evolution Securities China Limited by giving ESCL access to the HongKong equity markets on a primary and secondary basis. Oliver Vaughan retires from the Board at the conclusion of this Annual GeneralMeeting after 9 years on the Board. We thank him warmly for all that he hascontributed. Lord MacLaurin will become chairman of the Remuneration Committee. The Board remains confident of the outlook for the Group for the remainder ofthe year." - ends - Enquiries: The Evolution Group Plc 020 7071 4300Alex Snow, Chief ExecutiveGraeme Dell, Finance Director Bell Pottinger Corporate & Financial 020 7861 3232Charles CookSarah Landgrebe This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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