Mattioli Woods Regulatory News (MTW)

Mattioli Woods plc

("Mattioli Woods" or "the Group")

Results of Annual General Meeting

Mattioli Woods plc (AIM: MTW.L), the specialist wealth management and employee benefits business, announces that at the Group's Annual General Meeting held today all resolutions put to shareholders by the board (which were contained in the Notice of Meeting dated 23 September 2016) were passed unanimously on a show of hands. Resolutions 1 to 8 were ordinary resolutions and resolutions 9 and 10 were special resolutions.

Speaking at the meeting, Joanne Lake, Chairman, said:

"I am delighted to be taking over as Chairman of Mattioli Woods. We have a strong business, which is well placed to take advantage of the exciting growth opportunities available to it. I am indebted to Bob Woods for his assistance in completing a considered handover of the Chairman's responsibilities and in positioning the Company for further success. As set out in our 2016 Annual Report, Bob will continue in a full-time executive role as Senior Adviser to the Group.

"In September, we were delighted to report that the year ended 31 May 2016 was another year of strong growth, with revenues up 24.3% to £43.0m, despite unsettled markets. Current trading remains in line with the board's expectations. Although the short-term turbulence in financial markets triggered by the vote to leave the EU appears to have eased, the effect of further volatility in financial markets will determine how our investment and asset management revenues are derived. In the first four months of this financial year we have seen strong demand for the bespoke investment opportunities the Group has developed, including Custodian REIT plc and our Private Investors Club. We also expect significant interest in our new Structured Product Fund, which will be launched next month.

"We are delivering increasing levels of new business, with our expanding and maturing consultancy team strengthening the Group's distribution channels nationwide. We continue to complement our organic growth with acquisitions and were pleased to announce our purchase of the pension administration business of MC Trustees last month. Total client assets under management, administration and advice now exceed £7 billion.

"We are proud of the shareholder returns we have delivered over many years and remain committed to growing our dividend, with shareholders approving a 19% increase in the total dividend for the year ended 31 May 2016 at today's meeting.

"I believe Mattioli Woods' vertically-integrated models for wealth management and employee benefits, blending our capabilities as adviser, administrator, product provider and asset manager, position us well to secure further profitable growth going forward."

- Ends -

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