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PLUS Markets Group plc: Preliminary Results For The Year Ended 31 December 2007

Date 02/04/2008

PLUS Markets Group plc (the “Company”) reports its preliminary results for the year ended 31 December 2007.

Highlights
  • Establishment of a new small and mid-cap equity stock exchange in London;
  • Dramatic rise in trading volumes, following successful launch of new platform;
  • Over 600 small and mid-cap companies now see the majority of their trading take place on PLUS, of which over 400 are listed or quoted on other markets;
  • Revenues of £3.10 million (2006 - £2.17 million) up 43% on the previous year, being the second consecutive year of 40+% growth;
  • Loss for the year of £2.98 million (2006 - £1.24 million), in line with budgeted infrastructure development; and
  • Clear path to cash generation in 2009, subject to receiving the right to trade all AIM securities.

Commenting on the annual report, Chief Executive Officer Simon Brickles said:

“We are proud to have established a new small and mid-cap stock exchange for London, at a time when the European exchange industry is going through a period of momentous change following the introduction of the Markets in Financial Instruments Directive. Our rapid progress in capturing liquidity demonstrates empirically that there is customer demand for our competitive offering. We look forward with confidence to the introduction of wider competition, thereby allowing investors to access the best execution possibilities potentially available on PLUS in respect of all AIM securities.”

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