6th May 2015 14:11
Panmure Gordon & Co. plc
(“Panmure Gordon” or the “Company”)
Proposed Purchase of Charles Stanley Securities
Panmure Gordon (AIM: PMR), a leading independent stockbroker and investment bank, announces that it has entered into an exclusive Heads of Terms agreement in respect of the proposed purchase of Charles Stanley Securities, the investment banking division of Charles Stanley Group Plc.
The acquisition of this complementary business would result in a significantly enhanced offering to corporate and institutional clients.
At this stage no assurance can be given that a transaction will proceed. However, subject to due diligence and regulatory approval, completion is anticipated by the end of May 2015.
The Company will issue a further statement in due course.
- ENDS-
Enquiries:
| Panmure Gordon Phillip Wale, Chief Executive Philip Tansey, Chief Financial Officer Patric Johnson, Head of Securities | 020 7886 2500 | |
| Buchanan (financial PR) Mark Edwards/Helen Chan/Stephanie Watson | 020 7466 5000
| |
| Grant Thornton Corporate Finance (Nominated Adviser) Philip Secrett/Salmaan Khawaja/Jen Clarke | 020 7383 5100 |
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