MDS Midas Cap.

 

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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