Business
Statement regarding report from Viceroy Research
Close Brothers Group plc has issued a statement strongly disagreeing with a research report from Viceroy Research concerning the company's provisioning for motor finance commissions and its capital position. Close Brothers asserts its provisioning approach adheres to UK-adopted international accounting standards and robust governance. The company plans to release its half-year results for the period ending 31 January 2026 on Tuesday, 17 March, which will include a business update and further details on its financial performance and strategic outlook. Disclaimer*
About this update from Close Brothers Group Plc
Statement regarding report from Viceroy Research Close Brothers Group plc ("Close Brothers" or the "Company") notes the publication of the research report by Viceroy Research (the "Report") this afternoon. Close Brothers strongly disagrees with the Report, which relates to the Company's approach to provisioning in respect of motor finance commissions and resulting impact on its capital position. Our provisioning approach in relation to this matter is in accordance with UK-adopted international accounting standards and follows a robust governance process. Close Brothers will release its half year results to 31 January 2026 on Tuesday, 17 March, alongside a business update. We look forward to updating the market on our financial performance and the business, strategy and market opportunity for our three lending divisions. Enquiries Maritz Carvalho Close Brothers Group plc 020 3857 6063 Sam Cartwright H/Advisors Maitland 07827 254 561
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