Trading Statement
28 Januar 2010 - 12:52PM
UK Regulatory
TIDMMDS
RNS Number : 2754G
Midas Capital PLC
28 January 2010
News release
28 January 2010
Midas Capital plc trading update for year ended 31 December 2009
Trading Update
For the year ended 31 December 2009,the Group's trading has been better than
forecast. The Fund management division traded profitably during the year
reflecting the improved market conditions. The Group has now completed the
disposals of the corporate finance and wealth management businesses.
As at 31 December 2009, the Group funds under management and advice ('FUM&A')
excluding the discontinuing activities were GBP1.57bn (2008: GBP1.53bn). In the
year, the Group experienced marginal net redemptions in its FUM&A, albeit lower
than expected, and is reassured by the level of support continuing to be shown
by investors.
Notice of Full Year Results
Midas expects to announce its preliminary results for the year ended 31 December
2009 in late March 2010.
For further information, please contact:
Colin Rutherford, Executive Chairman, Midas 07768 053 054
Roland Cross, Director, Broadgate Mainland020 7726 6111
James Steel, Arbuthnot Securities Limited 020 7012 2000
(Nominated Advisor and Broker to Midas)
Web: www.midascapitalplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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