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Zeus Capital acted as joint bookrunner on £27m secondary placing of existing ordinary shares in Mortgage Advice Bureau (Holdings) plc (“Mortgage Advice Bureau”, “MAB” or the “Company”)

27th April 2016


Zeus Capital has acted as joint bookrunner on the sale of 7,569,240 existing ordinary shares (representing 15.0 per cent. of the Company’s issued share capital) (“Placing Shares”) by certain individual shareholders (and some of their respective spouses and SIPPs) of the Company. The placing was conducted by way of an accelerated bookbuild to institutional investors and raised £27 million for the selling shareholders. The Placing Shares were placed at a price of 360 pence per share.

Mortgage Advice Bureau is one of the UK’s leading consumer mortgage brands and networks for mortgage intermediaries with over 130 Appointed Representatives (“ARs”) and over 840 Advisers. The vast majority of its Advisers are employed or engaged directly by the Appointed Representatives, although a small number are self-employed and engaged directly by MAB. Many of the ARs trade under the recognised and respected Mortgage Advice Bureau brand through a franchise model operated by the Group. MAB branded mortgage shops also form part of the franchise model. The Group’s network specialises in providing independent mortgage advice to customers, as well as advice on protection and general insurance products. Mortgage Advice Bureau is particularly well known in the estate agency sector with circa 900 estate agency branches introducing their customers to the Group’s ARs across the UK. The Group has also sought to diversify in other specialist sectors, including the new build market through its New Build Network.