TIDMARDN

RNS Number : 6348W

Arden Partners plc

16 November 2017

Arden Partners plc

("Arden" or the "Company")

Update on the Trading Team

Arden announces that it is in discussions with MCP Advisers LLP ("MCP"), the entity through which Arden retains a sales trading team to execute institutional order flow (the "Trading Team"), to bring the Trading Team in house as employees of the Company.

As part of these discussions, notice has been served on MCP to terminate the current contractual arrangements. As a result, both tranches of options over Arden ordinary 10p shares awarded to MCP (as announced on 1 February 2017) have lapsed.

Arden's Chief Executive Officer, Donald Brown, commented:

"We are pleased with the performance of the Trading Team and wish to continue our relationship with them. However, we also believe that it is now more appropriate for our trading function to be a wholly integral part of the business."

For further information, please contact:

 
 Arden Partners plc               Tel: +44 (0) 20 7614 
  Donald Brown (Chief Executive                   5900 
  Officer) 
  Stephen Wassell (Company 
  Secretary) 
 GCA Altium Limited (NOMAD)       Tel: +44 (0) 20 7484 
  Sam Fuller / Tim Richardson                     4040

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 16, 2017 02:00 ET (07:00 GMT)

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