PMR: Panmure Gordon & Co.Plc: Employee Benefit Trust

  PMR: Panmure Gordon & Co.Plc: Employee Benefit Trust

UK Regulatory Announcement


4 November 2013

                           Panmure Gordon & Co. plc

                               (the "Company")

                               EBT trading plan

The Company announces that Praxis Trustees Limited, which administers the
Panmure Gordon & Co. plc No.2 Employee Benefit Trust ("EBT"), has entered into
a new trading plan with the Company, the previous plan having expired on 31
October 2013.

Under the trading plan, in the period running from 1 November 2013 to 30 April
2014 the EBT will instruct Panmure Gordon (UK) Limited as broker to acquire
ordinary shares of 4p each in the Company for the EBT. Purchases will be
limited to 20,000 ordinary shares in any single calendar month and the maximum
price paid per ordinary share shall be no more than 110 per cent of the middle
market quotation of the Company's shares on the first business day of the
calendar month in which the shares are purchased. While the Company is within
a close period, neither the Company nor the EBT will attempt to terminate the
trading plan which has now been entered into. The EBT has absolute discretion
and independence in respect of all trading decisions it may make in respect of
the purchase of ordinary shares pursuant to the trading plan.

Any purchases made by the EBT will be announced to the market at the
appropriate time.

Sarah Wigley, Company Secretary                020 7886 2500
Philip Secrett/Salman Khawaja/Jen Clarke
Grant Thornton (Nominated Adviser)             020 7383 5100


Panmure Gordon & Co.Plc
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