31st Mar 2026 07:00
31 March 2026
Mortgage Advice Bureau (Holdings) plc
("MAB" or the "Company")
Launch of Share Buyback Programme
Mortgage Advice Bureau (Holdings) plc (AIM: MAB1) announces that it is today commencing a share buyback in respect of its ordinary shares of 0.1 pence each ("Ordinary Shares") for a maximum of 478,775 shares (the "Share Buyback"). The purpose of the Share Buyback is to meet obligations arising from share option programmes.
On 30 March 2026, the Company entered into a non-discretionary arrangement with Stifel Nicolaus Europe Limited (trading as Keefe, Bruyette & Woods) ("KBW") to enable KBW to conduct the Share Buyback on its behalf on a broker-managed basis, with trading decisions being taken independently of the Company. The Share Buyback will be effected within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU, each as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018.
The Share Buyback is in accordance with the terms of the Company's authority to make market purchases of its own Ordinary Shares granted to it by shareholders on 21 May 2025 (the "Authority"), including that the maximum price paid per Ordinary Share shall not exceed the higher of: (a) 105 per cent. of the average trading price of the Ordinary Shares as derived from the middle market quotations for an Ordinary Share on the London Stock Exchange Daily Official List for the five trading days immediately preceding the date on which an Ordinary Share is contracted to be purchased; and (b) the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out.
The Share Buyback commences today and, unless terminated by the Company, will end on the expiration of the Authority or, if earlier, the date upon which the maximum number of Ordinary Shares have been purchased (the "Buyback Period"). Purchases of Ordinary Shares will continue independently of and uninfluenced by the Company during any closed period to which the Company is subject and/or if the Company comes into possession of inside information.
It is expected that any Ordinary Shares acquired pursuant to the Share Buyback will be held in treasury.
The Company intends to announce any purchase of Ordinary Shares under the Share Buyback on a weekly basis and not later than the seventh calendar day after any purchase has occurred.
Enquiries:
Mortgage Advice Bureau (Holdings) plc | Via Camarco |
Peter Brodnicki, Chief Executive Officer Emilie McCarthy, Chief Financial Officer | |
Nominated Adviser and Joint Broker Keefe, Bruyette & Woods, a Stifel Company Erik Anderson / Jason Grossman / Francis North
| +44 (0) 20 7710 7600 |
Joint Broker Berenberg James Felix / Michael Burke / Dan Gee-Summons
| +44 (0) 20 3207 7800 |
Joint Broker Peel Hunt LLP Andrew Buchanan / Thomas Philpott / Rob Parker
| +44 (0) 20 7418 8900 |
Media Enquiries Camarco Tom Huddart / Letaba Rimell
| |
Investor Relations
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About Mortgage Advice Bureau:
MAB is one of the UK's leading consumer intermediary brands and specialist networks for mortgage advisers.
Through its partner firms known as Appointed Representatives (ARs), MAB has over 2,100 advisers providing expert advice to customers on a range of mortgage, specialist lending, protection, and general insurance products. MAB supports its AR firms with proprietary technology and services, including adviser recruitment and lead generation, learning and development, compliance auditing and supervision, and digital marketing and website solutions.
For more information, visit www.mortgageadvicebureau.com
Related Shares:
Mortgage Advice Bureau