Acquisition of The Fluent Money Group
5 July 2022
Mortgage Advice Bureau (Holdings) plc ("MAB" or the "Company")
Acquisition of The Fluent Money Group
On 28 March 2022, Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L) announced it had agreed to acquire approximately 75% of Project Finland Topco Limited ("Fluent") for a total cash payment of c.£73 million, funded from renewed and increased debt facilities, existing cash resources, and a successful share placing of £40 million (before expenses) (the "Acquisition").
The Company is pleased to announce that the Acquisition has received change in control approval from the FCA. Completion of the Acquisition is expected to occur on or around Monday 11 July 2022, at which point a further announcement will be made.
Enquiries:
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Mortgage Advice Bureau (Holdings) plc |
+44 (0)1332 525007 |
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Peter Brodnicki, Chief Executive Officer Ben Thompson, Deputy Chief Executive Officer Lucy Tilley, Chief Financial Officer
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Nominated Adviser and Broker: Numis Securities Limited Stephen Westgate / Giles Rolls
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+44 (0)20 7260 1000 |
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Media Enquiries: |
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