28th Nov 2005 16:10
Mattioli Woods PLC28 November 2005 Press Release 28 November 2005 Mattioli Woods plc ("Mattioli Woods" or "the Company") Holding in The Company The Company received notification today that in accordance with sections 198-202of the Companies Act 1985, as amended, Close Brothers AIM VCT PLC has anotifiable interest in the ordinary 1p shares of the Company. The holding of 531,358 ordinary shares represents 3.11 per cent. of the issuedshare capital, based on 17,045,455 Mattioli Woods plc shares in issue, as at thedate of this announcement. - Ends - For further information:Mattioli Woods plcNathan Imlach, Finance Director Tel: +44 (0) 116 240 8700 [email protected] Mattioli, Chief Executive www.mattioli-woods.com [email protected] Media enquiries:AbchurchJustin Heath Tel: +44 (0) 113 203 1342 [email protected] www.abchurch-group.com Notes to Editors Mattioli Woods plc was established in 1991 by Ian Mattioli and Bob Woods. TheCompany provides pensions consultancy and administration services primarily toowner-managers, senior executives and professionals. Mattioli Woods' keyactivities include complex pensions consultancy, the provision of self-investedpersonal pensions ("SIPP") and small self-administered pension schemes ("SSAS"),advice on related business affairs, including pension investment services andthe facilitation and administration of syndicated property schemes. Its focusis at the higher end of the market where clients require bespoke service andspecialist advice. Headquartered in Leicester and employing 76 staff including 12 pensionconsultants, Mattioli Woods has over 600 SIPP clients with an average fund sizeof £342,000 compared to the market average of £208,000 and over 500 corporateSSAS clients with an average fund size of £730,000 against a market average of£430,000. With a strong network of intermediary contacts throughout the UK, the practicehas grown rapidly over the last decade providing consultancy and pension trusteeservices. In 1995 the Partnership developed its first bespoke self investedpersonal pension scheme and has since developed five SIPP products, inconjunction with other financial institutions. In the year ended 31 May 2005,Group turnover was £6.4 million with normalised operating profit of £1.9million. Mattioli Woods listed on the AIM market on 23 November 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MTW.LCoats