15th Nov 2006 07:01
Arden Partners plc15 November 2006 For Immediate Release 15 November 2006 Arden Partners plc ("Arden" or the "Company") Pre-close period update for year ended 31 October 2006 Arden Partners plc (AIM: ARDN.L), the independent institutional stock brokingbusiness serving high quality companies in the mid and small cap market, todayissues a trading update ahead of its close period relating to the year ended 31October 2006. The year proved an important year in the development of Arden as the companysuccessfully floated on AIM in July 2006. In addition, the Company's corebusiness areas of corporate finance and corporate broking, sales, trading andresearch have all continued to make very good progress. Notwithstanding the volatility experienced in global equity markets during theearly part of the second half and the more recent challenging market sentimenttowards new issues, Arden enjoyed a successful second half of the year. Overall,the Directors of Arden are delighted with Arden's achievements over the year andannounce that they expect turnover and profits for the year ended 31 October2006 to be in line with the market's expectations. It is intended that the results for the year ended 31 October 2006 will beannounced on 15 January 2007 For further information, please contact: Arden Partners plc 0207 398 1630Tony Bartlett - Chief Executive OfficerTrevor Norris - Finance Director Altium 0207 484 4040Garry Levin Buchanan Communications 0207 466 5000Mark EdwardsNick Melson Notes to Editors Arden Partners is a research-led institutional stockbroking firm, founded in2002, which successfully floated on AIM in July 2006 at 162p per share. The Company provides high quality research, institutional stockbroking,corporate finance, sales, trading and market making services to corporate andinstitutional clients, predominantly in the small and mid cap markets. With offices in London, Birmingham, and Bristol, Arden is broker, NominatedAdviser and/or financial adviser to 33 companies in a variety of sectors, 11 ofthem are quoted on the Official List, with the remainder on AIM. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ARDN.L