2nd Jun 2009 11:11
02.06.09
Ambrian Capital plc
Result of Annual General Meeting
Ambrian Capital plc ("Ambrian Capital" or "the Company") announces that at its Annual General Meeting held today all resolutions were passed.
Lawrence Banks, Chairman of Ambrian Capital, updated shareholders with the following statement :
"Ambrian Capital has had an excellent start to the year with revenues and profits in the first five months ahead of the same period last year. Our balance sheet remains highly liquid.
Our Commodities business, and in particular physical metals merchanting, has benefitted from record flows of refined copper into China and the sharp rally in the copper price since the start of the year. The Corporate Finance & Equities business has seen a pick-up in activity across the board, with our stockbroking and market making activities performing well as a result of the rebound in the share prices of natural resources companies. We are also advising on a number of major M&A assignments and have completed several equity financings in the mining and cleantech sectors.
Although Chinese imports of metals are declining from the high levels we have experienced in recent months, Ambrian Capital's mix of businesses - equities, futures and physicals - positions it well to benefit from the eventual recovery in world-wide demand for natural resources."
Enquiries
|
Tom Gaffney Chief Executive Officer Ambrian Capital plc Tel: +44 (0)20 7634 4700 |
Simon Law Fox-Pitt Kelton Tel: +44 (0)20 7663 6023 |
Charlotte Kirkham M: Communications Tel: +44 (0)20 7153 1531 |
Notes to Editors :
Ambrian Capital plc
Ambrian Capital (AIM : AMBR) is the holding company of Ambrian Partners Limited, Ambrian Commodities Limited and Ambrian Metals Limited.
Ambrian Partners Limited is a specialist investment bank focussed on the metals & mining, oil & gas, and cleantech sectors. It provides corporate finance advice, equity research, sales and trading and market making services. Ambrian Partners was ranked first in the AIM Basic Materials Sector in the Hemscott 2nd Quarter 2009 Advisers Rankings Guide. Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.
Ambrian Commodities Limited is a trader and broker specialising in London Metals Exchange cleared base metals futures and options. Its customers include metals producers, consumers, merchants, traders and financial investors. Ambrian Commodities is an Associate Broker Member of the London Metal Exchange and is authorised and regulated by the Financial Services Authority.
Ambrian Metals Limited is an independent physical metals trader with particular strengths in copper, aluminium and lead. Through Ambrian Metals' offices in London and Shanghai and agents in Calcutta, New York, Santiago, Sao Paolo, Seoul and Tokyo, it sources non-ferrous metals from producers for distribution to an international client base of metals consumers and merchants.
Further information on Ambrian Capital is available on the Company's website: www.ambrian.com
Related Shares:
AMBR.L