22nd Oct 2009 12:28
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Press Release |
22 October 2009 |
Mattioli Woods plc
("Mattioli Woods" or "the Group")
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, Bob Woods, Executive Chairman, said "Whilst investment markets are still far from normal, many of our clients are now minded to move away from a defensive investment position and pursue a more positive approach. With over £1.5 billion of funds under trusteeship, we expect strong growth in investment planning related revenues over the remainder of this financial year and performance remains in line with the Board's expectations.
"The Board has great confidence in our business model: impartial advice delivered through a personalised service, where a fee-based billing model engenders goodwill and creates robust recurring revenue streams. We continue to invest for the future, particularly in our 'small to big' change management initiative and in our graduate recruitment programme. These initiatives both create additional capacity now and pave the way for us to manage greater business volumes in the future."
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For further information:
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Mattioli Woods plc |
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Bob Woods, Executive Chairman |
Tel: +44 (0) 116 240 8700 |
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www.mattioli-woods.com |
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Ian Mattioli, Chief Executive |
Tel: +44 (0) 116 240 8700 |
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www.mattioli-woods.com |
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Nathan Imlach, Finance Director |
Tel: +44 (0) 116 240 8700 |
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www.mattioli-woods.com |
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Evolution Securities Limited |
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Joanne Lake, Corporate Finance |
Tel: +44 (0) 113 243 1619 |
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www.evosecurities.com |
Media enquiries:
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Financial Dynamics Limited |
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Ed Gascoigne-Pees / Nick Henderson |
Tel: +44 (0) 20 7269 7114 |
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www.fd.com |
Related Shares:
MTW.L