1st Jul 2009 07:00
Embargoed until 7.00am 1 July 2009
The Evolution Group Plc
(the "Evolution Group", the "Group", the "Company")
Trading update
Evolution Group, the listed investment bank and private client investment management group, makes the following trading update.
Group performance
In line with the announcement of our interim management statement on the 19 May 2009, the Group continues to perform well. The expansion of our institutional equities business is proceeding according to plan, with the successful integration of our recent new hires. Our fixed income capabilities are also making good progress with continued growth in products and customers. Our private client business, Williams de Broë, continues to see momentum with net inflows in line with expectations.
Financial position
The Group's financial position continues to be strong and the maintenance of a strong and liquid balance sheet remains a core Group policy.
Notes
Half Year results
The Group entered a close period from the end of its Half Year on 30 June 2009 until the publication of its Half Year results to 30 June 2009 on or before 31 August 2009
Forward looking statements
This trading update may contain forward-looking statements with respect to the financial condition, results, operations and businesses of The Evolution Group plc. Such statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by forward-looking statements and forecasts. Forward-looking statements and forecasts are based on the Directors' current view and information known to them at the date of this statement. The Directors do not make any undertaking to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Nothing in this statement should be construed as a profit forecast.
-Ends-
For further information, please contact:
|
The Evolution Group Plc Alex Snow, Chief Executive Officer Andrew Westenberger, Finance Director |
020 7071 4300 |
|
Bell Pottinger Corporate and Financial Charles Cook Emma Kent Victoria Geoghegan |
020 7861 3232 |
Notes to Editors:
The Evolution Group Plc
The Evolution Group is the holding company of Evolution Securities Limited, Williams de Broë Limited and WDB Capital Limited. Founded in April 2001 and originally listed on AIM, the Evolution Group joined the Official List in 2003 and now has a market capitalisation of over £300 million.
Evolution Securities Limited is a leading investment bank focused on mid-cap UK public companies. It provides a full range of investment banking services including equity research, institutional sales and trading, market making, fixed income and corporate finance advice. Evolution Securities Limited has over 75 retained corporate clients. It is authorised and regulated by the Financial Services Authority.
Williams de Broë Limited is a leading private client investment manager, with offices in Bath, Birmingham, Bournemouth, Edinburgh, Exeter, Guildford and London. Williams de Broë is authorised and regulated by the Financial Services Authority.
Related Shares:
EVG.L