23/11/2005 Exchange welcomes Mattioli Woods plc to AIM
The London Stock Exchange is delighted to welcome Mattioli Woods plc to AIM
23 November 2005
Mattioli Woods is a specialist pensions consultancy. Established in 1991 by Ian Mattioli and Bob Woods, the Company provides pensions consultancy and administration services primarily to owner-managers, senior executives and professionals. The company’s key activities include complex pensions consultancy, the provision of self-invested personal pensions (“SIPP”) and small self-administered pension schemes (“SSAS”), advice on related business affairs, including pension investment services and the facilitation and administration of syndicated property schemes. Its focus is at the higher end of the market where clients require bespoke service and specialist advice.
Following the successful placing of 4,545,455 new Ordinary Shares at 132 pence each, the company has raised £6 million in gross proceeds from the placing, giving a market capitalisation on admission of £22.5 million at the Placing price.
The admission to AIM is a natural step in Mattioli Woods’ development. The proceeds from the placing will be used to further grow the organisation to increase its market share and also to enhance its reputation in the pensions consultancy market.
Bob Woods, Executive Chairman of Mattioli Woods plc, commented: “We are delighted with the positive response to Mattioli Wood’s IPO. We now look forward to using the funds raised from the flotation to take Mattioli Woods to the next stage of growth and to continue to build on the success of our already strong reputation.”
Williams de Broë Plc is acting as Nominated Adviser and as Broker to the Company.