Appointment of NOMAD and Trading Update
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your EBQ notes
Ebiquity (LSE AIM: EBQ), a world leader in media investment analysis, is pleased to announce the appointment of Cavendish Capital Markets Limited as the Company's Nominated Adviser and Sole Corporate Broker with immediate effect.
The Group further announces, ahead of publication of its audited results for the year ended 31 December 2024 ("FY24"), that its results for that year are anticipated to be in line with market expectations. As announced in the Group's previous trading update in December 2024, strong cash inflows during Q4 reduced Net Debt to slightly below the level reported at 30 June 2024. This was notably better than the market consensus expectations for FY24 year-end Net Debt.
Ruben Schreurs, CEO, commented:
"Although 2024 has been a testing year for Ebiquity and for many in this sector, it is gratifying that the results for the year are anticipated to be in line with market expectations. The Group's cash collections in the final months have been strong and, since taking on the role of CEO in late November, I have made some key internal appointments to my Executive Leadership Team ("ELT").
"Together with the ELT I believe we have set the Group up for success in 2025 and beyond, starting with the very earliest months of the current financial year. I am delighted to welcome Cavendish as the Company's new Nominated Adviser and Sole Broker. Their early coverage of Ebiquity's investment case confirms that they will be the ideal partner for the growth mission ahead."
Robert Woodward - Non-Executive Chairman
In addition to the disclosures made in the announcement of Robert Woodward's appointment to the Board of the Company on 27 February 2018, the following directorships or partnerships are disclosed:
| Company | Current, or held within the last five years |
| GCU Academy Limited | Current |
| The Glasgow Caledonian University Nominee Company | Current |
| The Glasgow Caledonian University Company Limited | Current |
| Inside Track 1 LLP | Current |
| Inside Track 2 LLP | Current |
| Inside Track Productions LLP | Current |
| Royal Television Society | Held within the last five years |
Richard Nichols - Non-Executive Director
In addition to the disclosures made in the announcement of Richard Nichols' appointment to the Board of the Company on 31 October 2008, the following directorships or partnerships are disclosed:
| Company | Current, or held within the last five years |
| Huntsworth Dormant (IH) Limited | Directorship held within the last five years the time of appointment to the Board of the Company |
| Smarts (NI) Limited | Directorship held within the last five years the time of appointment to the Board of the Company |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.