Last checked at 1 Sep 2021 07:00
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: +44 (0) 116 240 8700 www.mattioliwoods.com | |
Canaccord Genuity Limited (Nominated Advisor and Joint Broker) | ||
Adam James | Tel: +44 (0) 20 7523 8000 | |
Tom 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 | |
Ed Gascoigne-Pees | Tel: +44 (0) 20 3757 4984 |
Julia Tilley | www.camarco.co.uk |