Stockdale Securities New Address

Please note that as of 29th January 2018 our new address will be: Stockdale Securities Limited 100 Wood Street London EC2V 7AN All email addresses and telephone numbers are unchanged. When we moved from the Heron Tower into Beaufort House a little over two years ago, we did so seeking cost effective space, with flexible lease terms, as we evolved the business from Westhouse Securities into Stockdale. The repositioning of the business was undertaken with one eye on the impending MiFID II regulatory changes. However, the main purpose was to develop a business that could do a great job for its corporate clients in the belief that passionate broking of quality businesses is the best way of serving the owners of those companies, our institutional clients. It is pleasing that, and whilst we are in no way complacent in what remains an industry suffering from persistent overcapacity, our approach is one which both corporates and investors have found attractive. Revenue for our year ending 30th September 2017 was up 49% and the underlying operating profit margin was 16%. We have been profitable every single month for nearly two years and December was our strongest month for many years. We have recently added James Du Boulay and Joanna Wright to our Investment Funds Team and Richard Slape as a research analyst on the oil sector. Our remuneration system, based on the sharing of profits with all staff, means that every one of Stockdale’s employees benefit from this improved performance. While mindful that execution can be at the mercy of market conditions, our near term pipeline is healthy. Our new offices move us from the “insurance end” of the City to the heart of the UK small/mid cap broking and fund management community, being between London Wall and Gresham Street. We designed the fit out to ensure that the client facing area is space we can be proud of and, in a modest way, the office gives us room to be able to continue to grow over the coming years. Thank you for your support in the past and we look forward to continuing to serve you from our new offices.