Ludlow Wealth Management Acquisition Update

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.

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For further information please contact:

Mattioli Woods plc
Ian Mattioli MBE, Chief Executive Officer
Ravi Tara, Chief Financial Officer Michael Wright, Group Managing Director	Tel: [phone] www.mattioliwoods.com
Canaccord Genuity Limited (Nominated Advisor and Joint Broker)
Adam James		Tel: [phone]
Tom Diehl		www.canaccordgenuity.com
Singer Capital Markets (Joint Broker)
Justin McKeegan
Tom Salvesen	Tel: [phone]
	www.singercm.com

Media enquiries:

Camarco
Ed Gascoigne-Pees	Tel: [phone]
Julia Tilley	www.camarco.co.uk

 

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