Thu, 30 Mar 2017 07:00:11
: AGM Statement
W.H. Ireland Group PLC (WHI)
30-March-2017 / 07:00 GMT/BST
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WH IRELAND GROUP PLC
(‘WH Ireland’, ‘WHI’ or the ‘Company’)
At the Company’s Annual General Meeting, to be held later today, the Chairman, Tim Steel will make the following statement:
‘In the Chairman’s statement in WH Ireland’s report and accounts for the year ended 30 November 2016, I stated that the Board remained cautiously optimistic about the year ahead. I am pleased to be able to add some clarity to that statement nearly four months into our current financial year.
The Private Wealth Management division is transitioning its operational platform to SEI (Europe) Ltd as planned. This should be effective as of the beginning of May 2017. WHI’s total assets under management have increased to £3.0billion, a 4% increase from the year end. Of this total, discretionary assets have continued to rise and as at the end of February 2017, amounted to £1.1billion, an increase of over 8% from the year end. Our Wealth Planning team has also performed well during this period.
Our Corporate Broking division has seen a significant increase in client activity when compared with the same period last year. We have been involved in a number of secondary fund raisings including a £48m placing for CareTech Holdings plc last week. In addition, we believe that the strong mandated pipeline in this division bodes well for the year ahead. The Corporate Broking division is now led by Adam Pollock, who joined us in March 2017 from Zeus Capital and under his leadership we look forward to further growth in the client base and activity across this division.’
For further information please contact:
WH Ireland Group plc www.whirelandplc.com
Richard Killingbeck, Chief Executive Officer +44(0) 20 7220 1666
|End of Announcement||EQS News Service|