THURSDAY 2 FEBRUARY 2012 AT 11.00 AM
Numis Corporation Plc ("Numis")
Annual General Meeting ("AGM")
The Board of Numis announces today, 2 February 2012, at the Annual General Meeting that Sir David Arculus, (Non-Executive Chairman) reported:
"2011 was a tough and challenging year in financial markets. Numis maintained its focus and drive through the turmoil with our business showing improvement in its underlying position. We increased our corporate broking client base, completed some significant corporate finance deals, maintained our leading position in research, and broadened our execution services. The momentum generated from these improvements resulted in increased revenues and underlying profits compared to the prior year which was a creditable performance against a backdrop of significant economic uncertainty and highly volatile markets.
The current year is proving to be no less challenging than the last with the UK broking industry clearly in a significant state of flux. Our existing and potential clients can be reassured by our continuing balance sheet strength and quality of service, factors which have already helped us to win 11 new corporate clients so far during our 2012 financial year. Indeed, our success in this area has resulted in 13 consecutive quarters of growth in corporate clients and is testament to the quality of the firm's staff and franchise. In addition, it is pleasing to note that the Group's performance to date during the current financial year is in-line with the same period last year with both revenue and market share being marginally ahead. Looking forward, levels of market activity are subdued and we remain cautious about the remainder of the year.
I would like to close by acknowledging the contribution made by all of our staff and the immense amount of hard work that my colleagues have put into maintaining the highest standards of governance, quality and client service during such difficult market conditions."
2 February 2012
END
Contacts
Numis Corporation:
Oliver Hemsley, Chief Executive 020 7260 1256
Simon Denyer, Group Finance Director 020 7260 1225
Brunswick:
Gill Ackers 020 7396 5382
Fiona Micallef-Eynaud 020 7936 7414
PricewaterhouseCoopers LLP (Nominated Adviser):
Simon Boadle 020 7583 5000
Jon Raggett 020 7583 5000
