Financial Services Compensation Scheme Levy (1379A)
26 Gennaio 2011 - 4:09PM
UK Regulatory
TIDMEVG
RNS Number : 1379A
Evolution Group PLC
26 January 2011
26 January 2011
The Evolution Group PLC
(the "Evolution Group", the "Group", the "Company",
"Evolution")
Financial Services Compensation Scheme Levy
The Financial Services Compensation Scheme announced on 20th
January 2011 that there will be an interim levy on the investment
management industry to remedy the cost of major investment
failures, primarily relating to Keydata Investment Services, Wills
& Co and other investment intermediary firms.
Whilst in no way implicated in these failures, the share of the
industry levy for Williams de Broe amounts to GBP1.4m which will be
provided for as an exceptional cost in the year ended 31 December
2010. This compares to a similar levy in 2009 of GBP0.2m.
-Ends-
For further information, please contact:
The Evolution Group PLC 020 7071 4300
Alex Snow, Chief Executive Officer
Andrew Westenberger, Finance Director
Attila Consultants
Charles Cook, Senior Partner 020 7776 8825
Notes to Editors:
The Evolution Group PLC
The Evolution Group is the holding company of Evolution
Securities Limited and Williams de Broe Limited. Founded in April
2001 and originally listed on AIM, the Evolution Group joined the
LSE Official List in 2003. The Group now has a market
capitalisation of approximately GBP170 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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