10th Jul 2007 07:01
Evolution Group PLC10 July 2007 The Evolution Group Plc Trading Update Evolution Group Plc (the "Group"), the listed investment bank and private clientfund management group, today issued a trading statement ahead of the closeperiod relating to the half year ending 30 June 2007. The Group has completed a good first half. It has achieved its strategicoperating goals and its financial performance is at least in line with marketexpectations. These will be detailed in its interim statement which is expectedto be released on 11 September 2007. The Board is confident that each of the Group's operating businesses is wellpositioned to progress further during the second half. Ends For further information, please contact The Evolution Group Plc 020 7071 4300Alex Snow, Chief Executive OfficerGraeme Dell, Finance Director Bell Pottinger Corporate and Financial 020 7861 3232Charles CookMike DaviesVictoria Geoghegan Notes to Editors: Strategic Objectives As previously stated in the Evolution Group Annual Report and Accounts for theyear ended 31 December 2006 Within Evolution Securities Limited, the core strategic objective is to attain asustainable and balanced franchise in the secondary and primary UK Equity marketplace . The strategic objective of Williams de Broe, the Group's private client fundmanagement business, is to maintain the strong momentum in winning new fundsunder management and reach the target of £3 billion of funds under management byApril 2008. The Evolution Group Plc The Evolution Group is the holding company of Evolution Securities Limited,Williams de Broe Limited and Evolution Securities China Limited. Founded inApril 2001 and originally listed on the AIM, the Evolution Group joined theOfficial List in 2003 and now has a market capitalisation of over £325 million. Evolution Securities Limited is a leading investment bank focused on mid-cap andsmall cap UK public companies. It provides a full range of investment bankingservices including equity research, institutional sales and trading, marketmaking, fixed income and corporate finance advice. Evolution Securities Limitedhas approximately 100 retained corporate clients. It is authorised andregulated by the Financial Services Authority. Williams de Broe Limited is a leading private client fund manager, with officesin Bath, Birmingham, Bournemouth, Exeter, Guildford and London. Williams de Broeis authorised and regulated by the Financial Services Authority. Evolution Securities China Limited is a specialist Chinese investment bankingbusiness with offices in London, Hong Kong and Shanghai. It offers UK basedinstitutional clients research and trading in Chinese stocks and Chinesecorporates access to the markets in London and Hong Kong. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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