Marex Group rejects ‘malicious report’ issued by NINGI Research

Marex Group (MRX) plc provided the following response to the report that was published earlier today by NINGI Research, a short selling fund: “Marex rejects this malicious report as a transparent effort to manipulate the share price to enable NINGI to profit from the short position it previously built. The report was published without any involvement by Marex. The report contains factual inaccuracies, misstatements, and misleading allegations. Marex is committed to the highest standards of integrity, managing its business in accordance with regulatory requirements in every jurisdiction where it operates. Marex reports its financial figures in accordance with international reporting standards and adheres to the highest standards of corporate governance. Marex will report its second quarter results on Wednesday August 13, where we look forward to the opportunity to update the market on our recent performance and respond to analyst questions.”