Mattioli Woods PLC Update on Timing of Full Year Results Announcement (6171K)
September 03 2021 - 1:00AM
UK Regulatory
TIDMMTW
RNS Number : 6171K
Mattioli Woods PLC
03 September 2021
3 Sept 2021
Mattioli Woods plc
("Mattioli Woods", "the Company" or "the Group")
Update on Timing of Full Year Results Announcement
Mattioli Woods plc (AIM: MTW.L), the specialist wealth and asset
management business, announces a revised date for the publication
of its Full Year Results for the year ended 31 May 2021.
The Company has announced a number of acquisitions in recent
months including LWMG Topco Limited ("Ludlow Wealth Management"),
which is expected to complete within the next few days following
receipt of regulatory approval of the change in control from the
Financial Conduct Authority ("FCA"). Following discussion with
Mattioli Woods' auditor Deloitte LLP, the results are now expected
to be published on Tuesday, 21 September 2021. This will give time
for completion of the financial reporting processes including those
relating to the accounting treatment for all acquisitions completed
by Mattioli Woods, and Deloitte LLP the required time to complete
its audit of the results. The Board expects the Group's adjusted
profit for the year ended 31 May 2021 to remain in line with its
expectations and remains positive about the Group's prospects.
Following the trading update announced on 6 July 2021, in the
first two months of the new financial year the Group has seen
positive momentum continue to build, with greater client activity
and increasing inflows into the bespoke investment services the
Group has developed. The Board expects the Group to secure further
organic growth this year, while continuing to progress its
acquisition and integration strategy.
- 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 8700
Michael Wright, Group Managing www.mattioliwoods.com
Director
Canaccord Genuity Limited (Nominated Adviser and Joint Broker)
Adam James Tel: +44 (0) 20 7523 8000
Thomas 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
Julia Tilley Tel: +44 (0) 20 3757 4998
www.camarco.co.uk
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END
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