News
16 October 2008
AGM Statement
Mattioli Woods plc (AIM: MTW.L), the specialist pensions consultancy, announces that at the Group's Annual General Meeting held today, all resolutions put to shareholders by the Board were duly passed.
Speaking at the meeting, Ian Mattioli, Chief Executive, said: "I am delighted to report that the Group's trading since the start of the new financial year is in line with expectations, despite the unprecedented events continuing to unfold in financial markets.
"Mattioli Woods is passionate about the high quality of the advice we provide to our clients. Over the last few months, this has been driven by the desire to protect our clients, as far as possible, from the adverse effects of the current economic turmoil. Our advice over this period has delivered real benefits for our clients, reducing volatility and risk within their pension funds.
"Our business model provides us with robust revenue streams, a high proportion of which are recurring. As in previous downturns, clients are seeking more of our impartial retirement planning advice to support them through difficult times. We expect this to lead to new clients moving their pension funds to Mattioli Woods from the many "non-advice" SSAS and SIPP platforms in existence.
"Mattioli Woods continues to deliver proactive advice and tailored solutions to our clients and we are confident this will enable us to deliver further growth for shareholders."
For further information:
| Mattioli Woods plc | |
| Bob Woods, Executive Chairman | Tel: +44 (0) 116 240 8700 |
| bob.woods@mattioli-woods.com | www.mattioli-woods.com |
| Ian Mattioli, Chief Executive | Tel: +44 (0) 116 240 8700 |
| ian.mattioli@mattioli-woods.com | www.mattioli-woods.com |
| Nathan Imlach, Finance Director | Tel: +44 (0) 116 240 8700 |
| nathan.imlach@mattioli-woods.com | www.mattioli-woods.com |
| Evolution Securities Limited | |
| Joanne Lake, Corporate Finance | Tel: +44 (0) 113 243 1619 |
| joanne.lake@evosecurities.com | www.evosecurities.com |
Media enquiries:
| Abchurch | |
| Sarah Hollins/ Nick Probert nick.probert@abchurch-group.com |
Tel: +44 (0) 20 7398 7700 www.abchurch-group.com |