Apex Fundrock Limited Discloses Position in Mattioli Woods plc Following Takeover Code Regulations

Apex Fundrock Limited, under the requirements of the Takeover Code, disclosed its opening position in Mattioli Woods plc, demonstrating a significant stake in the company. As detailed in the Form 8.3 public disclosure, the firm, specifically through its asset management arm, Chelverton Asset Management, owns a total of 1,912,500 shares, translating to a 3.68% holding in the ordinary securities of Mattioli Woods plc. This disclosure is pertinent under Rule 8.3 of the Code, which mandates any entity with over 1% interest in relevant securities to publicly disclose their position during takeover proceedings.

The positions disclosed include direct holdings by Chelverton Asset Management and additional managed funds such as Bayerninvest WG Bifonds, Chelverton UK Equity Income, Chelverton UK Equity Growth, and The Investment Company Plc. The form explicitly notes dealings leading to the disclosed position, however, no cash-settled or stock-settled derivatives were reported. Significantly, sales involving Bayerninvest WG Bifonds and Chelverton UK Equity Growth Fund were recorded, involving 2,500 and 50,000 securities at a price of 7.90 per unit respectively. Apex Fundrock Limited's disclosure adheres to regulatory requirements and demonstrates transparency in its investment activities relating to Mattioli Woods plc.