SC 13G - Marex Group plc (0001997464) (Subject)

SC 13G - Marex Group plc (0001997464) (Subject)

SC 13G - Marex Group plc (0001997464) (Subject)

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Marex Group plc ((‘Marex' or the ', Group', NASDAQ:MRX), a diversified global financial services platform, announces strong results for the third quarter (Q3) and nine months (9M) ended 30 September 2024, and upgraded outlook for the full year. Financial Highlights Financial Highlights: ($m)3 months ended 30 September 2024 3 months ended 30 September 2023 Change1 9 months ended 30 September 2024 9 months ended 30 September 2023 Change1Reported           Revenue391.2 296.6         32% 1,179.1 919.0         28%Profit Before Tax79.0 47.6         66% 218.0 157.1         39%Profit Before Tax Margin (%)        20%        

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ:MRX) ("Marex"), the diversified global financial services platform, announced the pricing on October 30, 2024 of a public offering (the "Offering") of U.S.$600 million aggregate principal amount of its 6.404% Senior Notes due 2029 (the "Notes"). The Notes will be issued at a price to the public equal to 100.000% of the principal amount thereof and will be senior unsecured obligations of Marex. The Offering is expected to close on or about November 4, 2024, subject to the satisfaction of customary closing conditions. Marex intends to use the net proceeds from the Offering for working capital, to fund incremental gr

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Marex Group plc ("Marex") (NASDAQ:MRX), the diversified global financial services platform, today announces the pricing of the public offering (the "Offering") of 8,472,333 ordinary shares by certain selling shareholders (the "Selling Shareholders") at $24.00 per share. In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,270,849 ordinary shares. Marex is not selling any ordinary shares in the Offering and will not receive any proceeds from any sale of shares by the Selling Shareholders. The Offering is expected to close on October 25, 2024, subject

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ:MRX) today announced that it will release its fiscal 2024 third quarter results before market open on Thursday, November 7, 2024. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/. A conference call to discuss the results will take place at 9am ET the same day. Analysts and investors who wish to participate in the live conference call can register using the link here: https://register.vevent.com/register/BI35bc4ad5c3ed48f8b2e48ab5dbfeb65e About Marex: Marex Group plc (NASDAQ:MRX) is a diversified global financial servic

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ:MRX) ("Marex"), the diversified global financial services platform, today announces the launch of a public offering of its ordinary shares (the "Offering") by certain selling shareholders (the "Selling Shareholders"). The Selling Shareholders are offering a total of 7,000,000 ordinary shares. In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,050,000 ordinary shares. Marex is not selling any ordinary shares in the Offering and will not receive any proceeds from the sale of shares by the Selling Shareholders. Barclays, Goldm

LONDON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Marex Group plc ((‘Marex' or the ‘Group', NASDAQ:MRX), the diversified global financial services platform, today announces that it has agreed terms to acquire Hamilton Court Group which will expand the foreign exchange (FX) services it offers clients, consistent with its strategy to bring new clients and new capabilities onto its platform and diversify its earnings. Headquartered in London, Hamilton Court Group offers a full suite of FX products, ranging from bespoke complex FX options and derivative structures to more ‘vanilla' products such as forwards, spots and swaps. Its clients are primarily mid-sized UK and European corporates and it ha

LONDON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Marex Group plc, the diversified global financial services platform, today announces that it has agreed to acquire Aarna Capital Limited ("Aarna Capital") to expand its operations in the Middle East and grow its clearing business, in line with its strategy to broaden its client base, diversify its operations and increase earnings resilience. Based in Abu Dhabi, Aarna Capital provides clearing, execution and customised risk management solutions in energy, base and ferrous metals, as well as financial markets such as equities, fixed income and FX. The acquisition of Aarna Capital will provide Marex with additional capabiliti

LONDON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ:MRX), the diversified global financial services platform, today announces the completion of its acquisition of Dropet, a Spanish biofuels company, expanding its range of renewables products as it continues to grow its global environmental products business. The acquisition is aligned with Marex's strategy to diversify its business and increase earnings resilience. Dropet offers execution services for both physical and paper biofuels products across Europe, Latin America, the Middle East and Africa. It has more than 18 years' experience in physical ethanol and related biofuel products, as well as exchange-traded ethanol pr

VANCOUVER, British Columbia and LONDON, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Key Carbon and Marex Group Plc ("Marex") today announce a partnership whereby Marex will take a minority stake in Key Carbon and provide financing for carefully-sourced offset projects. Key Carbon sources and finances carbon credit projects and provides ongoing governance, monitoring and operational support to ensure its projects are held to the highest quality and integrity standards. The funding from Marex will predominantly be used to help finance the production and distribution of low-emission, affordable cookstoves within Africa through the project developer Global Cookstoves, Key Carbon's joint venture with

NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the ‘Group'), the diversified global financial services platform, today announces that Ian Lowitt, Group Chief Executive Officer, will be participating in a fireside chat at the Barclays Global Financial Services Conference. The fireside chat will take place on Tuesday, September 10th at 7:30 a.m. ET. It will be available via webcast and can be accessed here. Webcast Link: https://cc.webcasts.com/barc002/090924a_js/?entity=67_OXJ12IT About Marex Group: Marex Group plc (NASDAQ:MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to cl

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ:MRX) today announced that it will release its fiscal 2024 third quarter results before market open on Thursday, November 7, 2024. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/. A conference call to discuss the results will take place at 9am ET the same day. Analysts and investors who wish to participate in the live conference call can register using the link here: https://register.vevent.com/register/BI35bc4ad5c3ed48f8b2e48ab5dbfeb65e About Marex: Marex Group plc (NASDAQ:MRX) is a diversified global financial servic

NEW YORK, July 19, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ:MRX), the diversified global financial services platform, will announce its first half 2024 results on 14 August 2024 before the markets open. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/. A conference call to discuss the results will take place at 9am ET on 14 August 2024. Analysts and investors who wish to participate in the live conference call can register using the link here: https://register.vevent.com/register/BId22ef6b4029c4b8caacf93432d9ecf7f. Enquiries please contact: Nicola Ratchford / Robert Coates Marex +44

Under the terms of the arrangement, Stifel's institutional sales and trading group will offer Marex's trading and execution capabilities, including multi-asset-class custody, financing, securities lending, and capital introduction, to its institutional client base of hedge fund and investment managers. In turn, Marex's institutional clients can receive access to Stifel's award-winning research, banking, and corporate access offerings.

Marex Group’s (NASDAQ:MRX) shares are starting to gain positive momentum following the company’s IPO last month. Several analyst firms initiated coverage on the stock on Monday. Analyst Initiations: Reflecting strong confidence in the company’s potential, analysts provided positive ratings and price targets on Marex to kick off the week. Goldman Sachs analyst Alexander Blostein initiated coverage with a Buy rating and announced a price target of $33. Similarly, Piper Sandler’s Patrick Moley issued an Overweight rating with a price target of $27. Keefe, Bruyette & Woods’ Kyle Voigt, Jefferies’ Daniel Fannon and Citigroup’s Chris Allen all initiated positive ratings with price targets

UBS analyst Alex Kramm initiates coverage on Marex Group (NASDAQ:MRX) with a Buy rating and announces Price Target of $27.

Citigroup analyst Chris Allen initiates coverage on Marex Group (NASDAQ:MRX) with a Buy rating and announces Price Target of $24.

Barclays analyst Benjamin Budish initiates coverage on Marex Group (NASDAQ:MRX) with a Overweight rating and announces Price Target of $25.

Jefferies analyst Daniel Fannon initiates coverage on Marex Group (NASDAQ:MRX) with a Buy rating and announces Price Target of $24.

Keefe, Bruyette & Woods analyst Kyle Voigt initiates coverage on Marex Group (NASDAQ:MRX) with a Outperform rating and announces Price Target of $24.

Piper Sandler analyst Patrick Moley initiates coverage on Marex Group (NASDAQ:MRX) with a Overweight rating and announces Price Target of $27.

Goldman Sachs analyst Alexander Blostein initiates coverage on Marex Group (NASDAQ:MRX) with a Buy rating and announces Price Target of $33.