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Share Name Share Symbol Market Type Share ISIN Share Description
Mattioli Woods Plc LSE:MTW London Ordinary Share GB00B0MT3Y97 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 800.00 790.00 810.00 800.00 800.00 800.00 4,229 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 62.6 5.1 5.1 156.9 362

Mattioli Woods PLC Ludlow Wealth Management Acquisition Update

01/09/2021 7:00am

UK Regulatory (RNS & others)


Mattioli Woods (LSE:MTW)
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RNS Number : 3125K

Mattioli Woods PLC

01 September 2021

1 September 2021

Mattioli Woods plc

("Mattioli Woods", "the Company" or "the Group")

Ludlow Wealth Management Acquisition Update

Mattioli Woods plc (AIM: MTW.L), the specialist wealth and asset management business, announces it has entered into an amendment agreement to the share purchase agreement (the "SPA") with the sellers of LWMG Topco Limited ("Ludlow Wealth Management") to extend the long stop date in the SPA from 31 August 2021 to 30 September 2021. This extension is to facilitate completion of the acquisition, following receipt of the Financial Conduct Authority's ("FCA") approval of the change of control of LWMG Topco Limited on 31 August 2021, which is required as a condition to the completion of the SPA, as previously announced on 26 May 2021. All other terms remain unchanged.

Terms and definitions used in this announcement shall have the same meaning as ascribed to them in the Company's announcements dated 26 May 2021 regarding the Proposed Acquisitions and Proposed Fundraise unless otherwise stated.

- Ends -

For further information please contact:

 
 Mattioli Woods plc 
 Ian Mattioli MBE, Chief Executive Officer 
 Ravi Tara, Chief Financial Officer                     Tel: +44 (0) 116 240 
  Michael Wright, Group Managing Director                               8700 
                                                       www.mattioliwoods.com 
 
   Canaccord Genuity Limited (Nominated Advisor 
   and Joint Broker) 
 Adam James                                             Tel: +44 (0) 20 7523 
                                                                        8000 
 Tom Diehl                                          www.canaccordgenuity.com 
 
 Singer Capital Markets (Joint Broker) 
 Justin McKeegan 
 Tom Salvesen                                           Tel: +44 (0) 20 7496 
                                                                        3000 
                                                            www.singercm.com 
 
 

Media enquiries:

 
 Camarco 
 Ed Gascoigne-Pees   Tel: +44 (0) 20 3757 4984 
 Julia Tilley                www.camarco.co.uk 
 

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END

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(END) Dow Jones Newswires

September 01, 2021 02:00 ET (06:00 GMT)

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