22nd Apr 2009 07:00
For Immediate Release 22 April 2009
Arden Partners plc ("Arden")
Annual General Meeting 2009: Statement
The Annual General Meeting for Arden (AIM: ARDN), the institutional stockbroker, takes place today at 11.00am.
Chairman Sir David Rowe-Ham will deliver the following statement to shareholders-:
"Trading since we reported our year end result has, as we expected, continued to be difficult. We see current market conditions as representing an opportunity for a relationship based broker and since the year end we have grown our corporate client list by 30% and continue to target new gains. Commission levels are down on last year, however there are a number of potential corporate transactions in progress which may come to fruition.
We remain confident in the potential for the Arden model to be both defensive in bear markets and to grow strongly on a market recovery."
- E N D S -
For further information, contact-:
Arden Partners plc 020 7398 1630
Jonathan Keeling - Chief Executive Officer
Trevor Norris - Finance Director
Altium 020 7484 4040
Phil Adams / Sam Fuller
Buchanan Communications 020 7466 5000
Mark Edwards / Chris McMahon
Related Shares:
ARDN.L