Executive chairman of advice firm Mattioli Woods Bob Woods is to keep his 15.1% shareholding in the company following the divorce from his wife but will pay out half its value, the pair have agreed.
Woods, who owns 3.1 million shares in the company, agreed a consent order with his ex-wife, which will allow him to keep control of the shares but ordered him to pay her half the monetary value of the shares. The order is subject to approval by the Family Court. If approved Woods will be asked to settle with his former wife on 20 July 2019, the firm said in an update to the stock exchange. The note said: "If the consent order is approved by the court, while the shareholding will remain under the full control of Mr Woods, it will become subject to an equitable charge in favour of Mrs W...
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