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Investment in Panmure Gordon

18th Aug 2008 07:05

RNS Number : 4998B
EFG-Hermes Holdings SAE
18 August 2008
 

EFG-Hermes Holding S.A.E. Announcement

EFG-Hermes Subscribes to Capital Increase in Panmure Gordon & Co. plc Acquiring a 9.06% of the Company

In continuation of the strategy to service its clients across the globe, EFG-Hermes announces that it has subscribed to 6,732,675 shares in the capital increase of Panmure Gordon & Co. plc at a price of 47p with a total investment cost of GBP 3.164 million entailing an ownership stake of a 9.06% (post-dilution) to EFG-Hermes.

Panmure Gordon & Co. is an AIM listed company with UK and US institutional broking, investment banking and wealth management activities.

The transaction is a testament to the growing importance of the MENA region's markets on the global investment stage and augments EFG-Hermes' ability to service its regional as well as its international clients across all lines of business both in terms of product offering and accessibility.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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