Market sale of Company shares by the Company's EBT

Mattioli Woods PLC

10 May 2023

 

10 May 2023

Mattioli Woods plc

("Mattioli Woods" or "the Company")

Market sale of Company shares

by the Company's Employee Benefit Trust

Mattioli Woods plc (AIM: MTW.L), the specialist wealth and asset management business, confirms that VG Corporate Trustee Limited acting as trustee of the Mattioli Woods Employee Benefit Trust ("the Trust"), on 9 May 2023 sold in the market 76,578 ordinary shares of nominal value of 1 pence each in the capital of the Company ("Ordinary Shares") at an average price of 631.0 pence per share. 

The Trust previously held Ordinary Shares for the benefit of the Company's employees and, in particular, to satisfy the vesting of awards made under the Company's various employee share incentive plans.  As such, the Executive Directors and other participating persons discharging management responsibilities were amongst the potential beneficiaries of the Trust.  

The Company continues to use new Ordinary Shares to satisfy awards made under the Company's various employee share incentive plans.  The sale of shares from the Trust enables the capital previously allocated to the Trust to be returned to the Company.

Following the above transaction, the Trust holds nil Ordinary Shares.

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For further information please contact:

Mattioli Woods plc
Ravi Tara, Chief Financial Officer		Tel: [phone]
		www.mattioliwoods.com
Canaccord Genuity Limited (Nominated Adviser and Joint Broker)
Emma Gabriel	Tel: [phone]
Thomas Diehl	www.canaccordgenuity.com
Singer Capital Markets (Joint Broker)
Justin McKeegan
Tom Salvesen Alaina Wong	Tel: [phone] www.singercm.com

 

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