Mortgage Advice Bureau to float on 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 ...