Julian J. Tolley

Merchant Securities Ltd. (MSL) is the Great Britain-based brokerage and investment management subsidiary of Sanlam Securities UK Ltd., ultimately held by Sanlam Ltd. (JSE: SLM) in South Africa. The firm was established in 2009 when Merchant Securities Group Ltd. and John East & Partners Ltd. merged. Headquartered in London with an office in Manchester, MSL provides a full range of financial services including investment management, institutional research, trading, corporate finance and brokerage for a range of clients including small and mid-cap companies, high-net worth individuals, pension funds and trusts.

Hoodless Brennan Plc (HBP) is the brokerage and investment advisory subsidiary of HB Markets Plc, ultimately owned by Astaire Group Plc (LSE: ASTR) in the UK. Founded in 1993, the firm is based in London with additional offices in Bristol. In addition to advisory stockbroking and on-line execution only services, HBP provides research, market making and recommendations in the AIM and small-cap sector to private clients, sophisticated investors and companies.

Numis Securities Ltd. is an institutional brokerage firm headquartered in London, UK. The firm was founded in 1988 and is a subsidiary of Numis Corp. Plc in (LON: NUM). Numis Securities serves as a corporate broker to several clients across all their sectors, ranging from FTSE 100 to FTSE small-cap companies and AIM-listed companies.