Mortgage Advice Bureau to float on AIM


Network the Mortgage Advice Bureau has announced plans to list on the Alternative Investment Market (AIM).

Peter Brodnicki, CEO of Mortgage Advice Bureau said the company will remain 100% in its own hands but this provides "an ideal platform for the next phase of MAB's evolution." The move will involve a 45% free float which will see Peter Birch - who received shares in MAB when it acquired Mortgage Talk in 2012 - fully exiting the business with all other shareholders retaining the majority of their shares post-listing. Stock market conditions will dictate the ultimate timing of the listing. The current board of three - CEO, Peter Brodnicki; David Preece, chief operating officer; and Paul ...

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