Mortgage Advice Bureau (Hldgs) PLC Acquisition of The Fluent Money Group (2852R)

TIDMMAB1

RNS Number : 2852R

Mortgage Advice Bureau (Hldgs) PLC

05 July 2022

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.GBP73 million, funded from renewed and increased debt facilities, existing cash resources, and a successful share placing of GBP40 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:

 
Mortgage Advice Bureau (Holdings) plc            +44 (0)1332 525007 
Peter Brodnicki, Chief Executive Officer 
 Ben Thompson, Deputy Chief Executive Officer 
 Lucy Tilley, Chief Financial Officer 
Nominated Adviser and Broker: 
 Numis Securities Limited                            +44 (0)20 7260 
 Stephen Westgate / Giles Rolls                                1000 
Media Enquiries: 
 investorrelations@mab.org.uk

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July 05, 2022 02:00 ET (06:00 GMT)

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