Business
Completion of sale stake Capital Private Finance
Completion of sale stake Capital Private Finance.
About this update from Mortgage Advice Bureau (holdings) Plc
[{"type":"text","content":"\n \nRNS Number : 7601F Mortgage Advice Bureau(Holdings)PLC 01 August 2016 \n\n1 August 2016\nMortgage Advice Bureau (Holdings) plc \nCompletion of the sale of 49% stake in Capital Private Finance Limited (\"CPF\")\nMortgage Advice Bureau (Holdings) plc (\"MAB\" or the \"Group\"), one of the UK's leading consumer intermediary brands and specialist Appointed Representative Networks, is pleased to announce that it has completed the sale of its stake in CPF for consideration in cash of £2.7 million. \nAs previously announced the post-tax profit on disposal will be distributed by way of a special dividend to shareholders of 4.25 pence per ordinary share. This dividend will be paid on 26 August 2016 to ordinary shareholders on the register on 12 August 2016. The ex-dividend date is 11 August 2016.\nCPF will shortly cease to be an Appointed Representative of MAB, reducing the number of MAB Advisers by 14. MAB's exposure to the London market will reduce to c.6% in terms of revenue as a result.\nEnquiries:\n \n\n\n\n\nMortgage Advice Bureau (Holdings) plc +44 (0)1332 525007\n\n\n\n\nPeter Brodnicki, Chief Executive Officer\n\n\n\n\nDavid Preece, Chief Operating Officer\n\n\n\n\nLucy Tilley, Finance Director\n\n\n\n\n\n\n\n\n\n \nZeus Capital +44 (0)20 3829 5000\nMartin Green\nNicholas How\nPippa Underwood\n \nCanaccord Genuity &n...