Last checked at 14 Oct 2010 12:30
| Press Release | 14 October 2010 |
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 "I am pleased to report strong growth in fee-based revenues in the year to date, compared to the equivalent period last year. Investment revenues have been in-line with the same period last year. We have now increased investment activity and expect this trend to continue. We are confident our results for the full year will be in line with the board's expectations.
"Both our recent acquisitions are bedding-in well. The integration of the CP Pensions portfolio into our core business has been completed and City Trustees is about to relocate to new London offices.
"We welcome the Coalition Government's proposals for pension reform, including the changes announced today to establish a generous contribution allowance to encourage retirement saving in the UK."
- Ends -
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:
| Financial Dynamics Limited |
|
| Ed Gascoigne-Pees / Nick Henderson | Tel: +44 (0) 20 7269 7114 |
| ed.gascoigne-pees@fd.com | www.fd.com |