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 18 September 2015) were passed unanimously on a show of hands. Resolutions 1 to 8 were ordinary resolutions and resolution 9 was a special resolution.

Speaking at the meeting, Bob Woods, Executive Chairman, said:

"As set out in our 2015 Annual Report, I have been delighted with our continued strong revenue and profit growth, which is the result of so many achievements throughout the Group. Current trading is in line with the Board's expectations, but this often used statement does not do justice to the Group's achievement in successfully managing change in both the sector and our markets, whilst continuing to make successful acquisitions. This is testament to the flexibility of our business model and the professionalism and dedication of our staff.

"Performance in equity and bond markets slowed the growth of elements of our investment revenues in the first quarter of this financial year, but we are enjoying strong demand for consultancy at a time of great change in both investment markets and the pensions landscape.

"I believe we can deliver strong and sustainable new business growth, with our expanding and maturing consultancy team strengthening the Group's distribution channels nationwide. We continue to add to our organic growth by acquisition and were pleased to announce our purchase of the pension administration business of Lindley Group Limited earlier this month. This, together with our recent acquisitions of Taylor Patterson Group Limited and Boyd Coughlan Limited, have increased total client assets under management, administration and advice to £6.4 billion (31 May 2015: £5.4 billion).

"I am proud of the strong shareholder returns we have delivered over the 10 years since Mattioli Woods' admission to AIM. We remain committed to growing the dividend, with shareholders approving a 15.4% increase in the total dividend for the year ended 31 May 2015 at today's meeting.

"The Group is maturing fast and I believe our increasing scale will enhance our capabilities as adviser, provider and asset manager. I remain excited and confident about our future."

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