8th Nov 2007 07:01
Arden Partners plc08 November 2007 For Immediate Release 8 November 2006 Arden Partners Plc ("Arden" or the "Company") Pre-close period update for the year ended 31 October 2007 Arden Partners Plc (AIM :ARDN.L), the independent institutional stockbrokingbusiness, today issues a trading update ahead of its close period relating tothe year ended 31 October 2007. During the year Arden completed 22 transactions of which 3 were IPOs. Secondarycommissions and trading have continued to grow and Arden has made progress inattracting new clients and quality people. The Directors expect that profit before tax (and before the exceptional item of£0.318m which was announced at the interims) will be in line with marketestimates. This is after charging a provision of approximately £0.5m against thevalue of certain investments and warrants. It is intended that the results for the year ended 31 October 2007 will beannounced on 8 January 2008. For further information, please contact: Arden Partners plc 0207 398 1630Tony Bartlett - Chief Executive OfficerJonathan Keeling- Executive DirectorTrevor Norris - Finance Director Altium 0207 484 4040Garry LevinTim Richardson Buchanan Communications 0207 466 5000Mark EdwardsNick Melson Notes to Editors Arden Partners is a research-led institutional stockbroking firm, founded in2002, which floated on AIM in July 2006. 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 38 companies in a variety of sectors, 12 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:
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