Rivington Street Holdings Plc

December 23, 2008 02:00 ET

Application for AIM Broking Licence & Head of Corporate Broking

FOR IMMEDIATE RELEASE					         		           23 DECEMBER 2008

                                      RIVINGTON STREET HOLDINGS PLC

                                               PLUS: RIVP

                                        ("The Company" or "RSH")

              Application for AIM Broking Licence and Appointment of Head of Corporate Broking

The Board of RSH plc, the PLUS quoted media and financial services group, is delighted to announce the appointment of Dru Edmonstone as the head of corporate broking at its corporate advisory subsidiary Rivington Street Corporate Finance ("RSCF"). 

RSCF has also applied to the LSE for a licence giving it a right to act as broker for AIM-quoted companies and expects this application to be approved by the end of January.

Mr. Edmonstone's broking experience spans more than 15 years, having begun his City career at Cazenove. He became a founding shareholder of Durlacher in 1996 and helped develop it into a pan-European private equity, stockbroking and fund management group. In 2002 he joined Seymour Pierce as head of corporate broking and in the same year he won the AIM Journalist of the Year Award. Following this, Mr. Edmonstone joined Dowgate Capital as head of broking. 

He will commence work at RSCF on 5th January 2009 and will assist in its work of raising money from institutions and High Net Worth individuals to fund smaller growth companies. RSCF already has a strong track record of raising money for PLUS companies.

Malcolm Burne, the Non-executive Chairman of Rivington Street Holdings, commented: 

"We are delighted to welcome Dru to the Company. He is well known throughout the City and has a proven record of raising money for AIM and PLUS quoted companies. If anyone can raise money in today's market it is Dru. RSCF already has a great track record of raising money for PLUS companies and with Dru on board we can now also assist AIM stocks to secure the funding they need.

"The move into corporate broking for AIM stocks is another exciting step in the Company's progression and we look forward to further growing this side of the business under Dru's expert leadership. Rivington Street Holdings remains profitable and with a strong cash position, it continues to evaluate a number of acquisitions and believes that 2009 will see many more targets becoming available at very attractive prices."

                     The directors take responsibility for the contents of this announcement.



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