Mattioli Woods PLC
28 November 2005
Press Release 28 November 2005
Mattioli Woods plc
('Mattioli Woods' or 'the Company')
Holding in The Company
The Company received notification today that in accordance with sections 198-202
of the Companies Act 1985, as amended, Close Brothers AIM VCT PLC has a
notifiable interest in the ordinary 1p shares of the Company.
The holding of 531,358 ordinary shares represents 3.11 per cent. of the issued
share capital, based on 17,045,455 Mattioli Woods plc shares in issue, as at the
date of this announcement.
- Ends -
For further information:
Mattioli Woods plc
Nathan Imlach, Finance Director Tel: +44 (0) 116 240 8700
Nathan.imlach@mattioli-woods.com
Ian Mattioli, Chief Executive www.mattioli-woods.com
ian@mattioli-woods.com
Media enquiries:
Abchurch
Justin Heath Tel: +44 (0) 113 203 1342
justin.heath@abchurch-group.com www.abchurch-group.com
Notes to Editors
Mattioli Woods plc was established in 1991 by Ian Mattioli and Bob Woods. The
Company provides pensions consultancy and administration services primarily to
owner-managers, senior executives and professionals. Mattioli Woods' key
activities include complex pensions consultancy, the provision of self-invested
personal pensions ('SIPP') and small self-administered pension schemes ('SSAS'),
advice on related business affairs, including pension investment services and
the facilitation and administration of syndicated property schemes. Its focus
is at the higher end of the market where clients require bespoke service and
specialist advice.
Headquartered in Leicester and employing 76 staff including 12 pension
consultants, Mattioli Woods has over 600 SIPP clients with an average fund size
of £342,000 compared to the market average of £208,000 and over 500 corporate
SSAS clients with an average fund size of £730,000 against a market average of
£430,000.
With a strong network of intermediary contacts throughout the UK, the practice
has grown rapidly over the last decade providing consultancy and pension trustee
services. In 1995 the Partnership developed its first bespoke self invested
personal pension scheme and has since developed five SIPP products, in
conjunction with other financial institutions. In the year ended 31 May 2005,
Group turnover was £6.4 million with normalised operating profit of £1.9
million.
Mattioli Woods listed on the AIM market on 23 November 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
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