Mattioli Woods Regulatory News (MTW)

1 July 2021

Mattioli Woods plc

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

Completion of Maven Acquisition

Mattioli Woods plc (AIM: MTW.L), the specialist wealth and asset management business, is pleased to announce that its acquisition of Maven Capital Partners UK LLP ("Maven"), previously announced on 26 May 2021, has now completed.

Pursuant to the terms of the Maven Acquisition, the Company has allotted 4,545,455 new Ordinary Shares in Mattioli Woods (the "Maven Consideration Shares") to the sellers of Maven. Application has been made for the admission of the Maven Consideration Shares to trading on AIM ("Admission"). Admission of the Maven Consideration Shares, which, when issued, will rank pari passu in all respects with the existing Ordinary Shares, is expected to become effective at 8.00 a.m. on 6 July 2021.

The sellers of Maven have entered into lock-in agreements, pursuant to which the Maven Consideration Shares will be subject to a 12-month lock-in period following completion of the Maven Acquisition. Following the initial 12-month lock-in period, the sellers of Maven will be released from the lock-in in respect of, and become free to dispose of, 25 per cent of the Maven Consideration Shares in each of the three years following the first anniversary of completion of the Maven Acquisiton.

Total Voting Rights

Following Admission, the total number of Ordinary Shares in the Company with voting rights is expected to be 49,775,627. Mattioli Woods does not hold any Ordinary Shares in Treasury.

The above figure of 49,775,627 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Ian Mattioli MBE, Chief Executive Officer of Mattioli Woods, said:

"We are delighted to complete the acquisition of Maven which marks a significant milestone in Mattioli Woods' journey. The acquisition of Maven enhances our investment proposition and product range and adds opportunities to widen distribution of the enlarged Group's products and services.

The team at Maven share our passion for delivering exceptional client outcomes and going the extra mile, and we look forward to welcoming them into the Mattioli Woods group."

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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