Mortgage Advice Bureau(Holdings)PLC AGM Statement (1787O)
16 Mai 2018 - 8:00AM
UK Regulatory
TIDMMAB1
RNS Number : 1787O
Mortgage Advice Bureau(Holdings)PLC
16 May 2018
16 May 2018
Mortgage Advice Bureau (Holdings) plc
AGM Statement
Mortgage Advice Bureau (Holdings) plc ("MAB" or "the Group"),
one of the UK's leading consumer intermediary brands and specialist
Appointed Representative Networks, will hold its Annual General
Meeting at 2pm today during which the Non-executive Chairman,
Katherine Innes Ker, will make the following statement:
"Adviser numbers have continued to grow since our final results
statement on 20 March 2018 and had increased to 1,116 advisers as
at 11 May 2018. Organic recruitment has been in line with the
Board's expectations and we expect new business recruitment to be
weighted again to the second half of the year.
"MAB welcomes the recently published Interim Report from the FCA
on their Mortgage Market Study, which reported that the mortgage
market is working well in many respects, but highlighted the
importance of developing tools for consumers to better compare
different mortgage deals, the potential for intermediaries to offer
execution-only sales and also the need to make it easier for
consumers to assess the relative strengths of intermediaries.
"This is in line with our strategy which remains focused on
consumer choice and outcomes, and securing further growth through
technology, lead generation and specialisation which will increase
our market share and the number of mortgage completions in all
market conditions, enabling us to continue to deliver strong
returns to our investors.
"We are just over a year into our three-year plan that is
focused on building solutions for the future; this will ensure MAB
is able to maintain and build upon its leading position in the
intermediary sector. We continue to invest in our core business
model with our plans for 2020 and beyond designed to secure
sustainable long-term growth whilst continuing to deliver strong
results in the meantime. Current trading is in line with the
Board's expectations and we look forward to delivering further
growth in the remainder of this financial year."
Enquiries:
Mortgage Advice Bureau (Holdings) plc +44 (0)1332 525007
Peter Brodnicki, Chief Executive Officer
David Preece, Chief Operating Officer
Lucy Tilley, Finance Director
Nominated Adviser and Joint Broker:
Zeus Capital +44 (0)20 3829 5000
Nicholas How
Martin Green
Pippa Underwood
Joint Broker:
Canaccord Genuity +44 (0)20 7523 8350
Andrew Buchanan
Richard Andrews
Media Enquiries:
investorrelations@mab.org.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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