AGM Statement

RNS Number : 2335B

Mattioli Woods PLC

22 October 2009

 



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:

Mattioli Woods plc
Bob Woods, Executive Chairman	Tel: [phone]
[e-mail]	www.mattioli-woods.com
Ian Mattioli, Chief Executive	Tel: [phone]
[e-mail]	www.mattioli-woods.com
Nathan Imlach, Finance Director	Tel: [phone]
[e-mail]	www.mattioli-woods.com

Evolution Securities Limited
Joanne Lake, Corporate Finance	Tel: [phone]
[e-mail]	www.evosecurities.com

Media enquiries:

Financial Dynamics Limited
Ed Gascoigne-Pees / Nick Henderson	Tel: [phone]
[e-mail]	www.fd.com

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