10th Oct 2007 07:01
Numis Corporation PLC10 October 2007 EMBARGOED FOR RELEASE WEDNESDAY 10 OCTOBER 2007 AT 7.00 am Numis Corporation Plc ("Numis") TRADING UPDATE Numis Corporation Plc ("Numis"), a leading British independent investmentbanking and broking group, today issued a trading update relating to the yearended 30 September 2007. Expected Results for the Year Ended 30 September 2007 After a successful second half of the year, Numis expects revenues and profitsbefore tax for the full year to 30 September 2007 to be at least in line withmarket expectations. Numis' financial position continues to strengthen with cashbalances of just under £80m as at 30 September 2007. Management look forward totaking advantage of new opportunities to attract clients and to recruitexceptional talent. In anticipation of future employee equity incentive awards, the Employee BenefitTrust ("EBT") will purchase a cumulative average of no more than 100,000 Numisshares per week during the close period, subject to such purchases not exceeding25% of total market volume on any one day. The EBT currently holds 11,784,647(11.07%) shares and, in the event that the maximum number of Numis shares ispurchased under this arrangement, the EBT will hold 12,584,647 (11.81%) Numisshares. The Numis shares referred to above are Numis' ordinary shares of 5p each and thetotal number of shares in issue is 106,472,996 with each ordinary share carryingthe right to vote. There are no shares held in treasury. 10 October 2007 Enquiries: Numis Corporation PlcOliver Hemsley - Chief Executive 020 7260 1000Bill Trent - Chief Financial Officer 020 7260 1333 Gill Ackers - Brunswick 020 7396 5382Carole Cable 020 7396 7458 PricewaterhouseCoopers LLP (Nominated Adviser)Simon Boadle 020 7583 5000Jon Raggett 020 7583 5000 Notes to Editors: * Numis Securities Limited is an independent investment banking and broking business. It is the trading subsidiary of Numis Corporation Plc, whose shares are quoted on the Alternative Investment Market of the London Stock Exchange. * Numis provides a full range of high quality Corporate Finance, Institutional Stockbroking, Trading Execution and Research services to corporate and institutional clients. It aims to become the investment bank and broker of choice for high quality London-quoted mid and small cap companies and their investors. * Numis provides high quality independent analysis on more than 335 UK companies and has a strong and recognised capability in a broad range of sectors, including aerospace & defence, building & property, engineering, fast moving consumer goods, life sciences, media, metals & mining, new energy & emissions, non-life insurance, retail, speciality & other financials, support services, technology, travel & leisure. * Thomson Extel Survey Awards 2007 voted Numis the leading brokerage for UK quoted companies with a market capitalisation of up to £1bn. Numis was also ranked first for Research, Trading & Execution and Corporate Access. Numis was ranked second for Small Cap Brokerage and Sales. Of the fourteen research sectors covered, Numis was ranked number one in five sectors and in the top three in ten sectors. The research covered 1,449 buyside firms from over 59 countries. •Thomson Extel Survey Awards 2007 also ranked Numis first place for Mid Cap Research (market capitalisation between £1bn and £3bn) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NUM.L