13th Nov 2006 15:09
Golden Prospect PLC13 November 2006 GOLDEN PROSPECT PLC ("Golden Prospect" or "the Company") Result of EGM - Shareholders approve change of name to Ambrian Capital plc Golden Prospect announces that, effective immediately, the Company's name haschanged to Ambrian Capital plc, further to approval given by shareholders at anExtraordinary General Meeting held today at 11:00am. The Company's common shares will commence trading under its new name on AIM inLondon on Tuesday 14th November 2006 under the new symbol "AMBR". The newcorporate website can be found at www.ambrian.com. Malcolm Burne, Chairman of the Company, comments, "It is the belief of the Boardthat the name Ambrian Capital serves to better reflect the broadening of theGroup's activities, marking the transformation of the business from itstraditional beginnings on AIM as a resources investment house into what hasbecome a fully fledged investment bank with diversified sector coverage. "The Company has grown considerably over the last couple of years and hasemerged as a new force to be reckoned with in the investment banking arena. Weare very proud of the reputation our corporate finance and stockbrokingsubsidiary has established in the resources sector and we are now confident thatwe will replicate this success in our new specialist sectors of technology,telecoms and renewable energies. Our commodities trading subsidiary has hit theground running, showing profits from its first month of trading in April of thisyear and quickly expanding its remit to include precious as well as base metals. Likewise we expect our asset management subsidiary to become a significantcontributor of earnings for the Group in due course. "As we have proven, it is possible to build up investment banking businessesvery quickly with the right people and the right deals, and we intend thatAmbrian Capital should become one of the best known names in the City, whilstcontinuing to report excellent returns for our shareholders." Enquiries: Tom Gaffney, Chief Executive Cathy Malins / Annabel LeatherAmbrian Capital plc Parkgreen CommunicationsTel: +44 (0) 20 7776 6400 Tel: +44 (0)20 7493 3713 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMBR.L