AIM Rule 26

The following information, last updated on 15 September 2020, is disclosed in accordance with AIM Rule 26. This information is not directed to, nor is it intended for, access by persons located or resident in the United States, Australia, Canada, Japan, the Republic of Ireland, the Republic of South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

Business Description

The SimplyBiz Group is a leading independent provider of support services and software to financial advisers and financial institutions. The Group serves over 5,600 intermediary firms and more than 350 financial institutions in the UK.

The Group delivers a platform for intermediary firms to run a compliant and successful business and enables product providers to reach the market more effectively. Our unique product data and market insights inform the purchase decisions of financial advisers and consumers and we enable product providers to design and optimise higher quality products for their markets.

The Group’s in-depth understanding of the changing regulatory landscape and deep insights into the needs of customers, advisers and product providers enable it to add unique value to the retail financial services sector.

Since our inception back in 2002, we have grown year on year and through acquisition, organic growth and innovation, we now have 14 leading brands, across all key sectors including investment, mortgage, consumer credit, workplace, estate planning and surveying.

The Group provides services to the demand-side, financial intermediaries, and the supply-side, financial institutions, of retail financial services via its three divisions, the Intermediary Services Division, the Distribution Channels Division and the Research and FinTech Division.

The Intermediary Services Division provides compliance and regulation services to over 3,700 individual financial intermediary Members, including directly authorised IFAs, directly authorised mortgage advisers, workplace consultants and directly authorised consumer credit brokers

The Group’s Intermediary Services Division is at the core of the Group’s business and operates on a membership basis with subscriptions paid monthly. In addition, Members purchase additional compliance and technical services, tailored to their business needs, and software, primarily in the form of back office CRM licenses.

The Distribution Channels Division provides marketing and promotion, product panelling and co-manufacturing services to more than 135 financial institutions, including 43 asset managers, 26 life assurance and pension companies, 46 mortgage lenders, 13 general insurance providers and 7 credit lenders. This division also undertakes survey panelling and surveying work for mortgage lenders. The Distribution Channels Division provides targeted access for product providers to reach the Group’s financial intermediary Members. Product providers enter into annual contracts for the services provided.

The Research and FinTech Division includes the Defaqto FinTech platform which is used by over 9,500 users and provides independent ratings of 21,000 financial products and funds, licensed by 250 financial services brands. Defaqto has a proprietary, scalable and flexible digital platform, supporting a rich database of financial products and providing unique information and insights to aid consumer and adviser purchase decisions.

Although our heritage can be traced to Yorkshire, we now operate from seven locations across the UK, employing over 400 dedicated professionals

Board of Directors

The board is made up of:

  • Neil Stevens - Joint Chief Executive Officer
  • Matt Timmins - Joint Chief Executive Officer
  • Gareth Hague - Group Finance Director
  • Tim Clarke - Independent Non-Executive Director
  • Gary Hughes - Independent Non-Executive Deputy Chairman

Non-Executive Chairman

  • Ken Davy

To see more information on all members of the plc Board, our Non-executive Chairman and Executive Management Board click here.

Directors' Responsibilities and Corporate Governance

The Directors recognise the value and importance of high standards of corporate governance. The Company follows the recommendations on corporate governance of the Quoted Companies Alliance for companies with shares traded on AIM.

The Company has established remuneration, audit and nomination committees.

To see more on the board committees, click here

QCA statement on corporate governance

Country of incorporation and main country of operation

The SimplyBiz Group is a UK incorporated and based company, with its registered office as:

St Andrew's House, St Andrew's Road, Huddersfield HD1 6NA.

Constitutional documents

Articles of Association

SimplyBiz Group Annual General Meeting 2020

SimplyBiz Group Annual General Meeting 2019

Admission document

Admission Document

Significant Shareholders

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Number of securities in issue and percentage not in public hands

As at 20 July 2020, the company's issued share capital consists of 96,804,024 ordinary shares with nominal value of 1 penny each (“ordinary shares”), each share having equal voting rights, therefore the number of Ordinary Shares with voting rights is 96,804,024. In accordance with the AIM Rule 26 in so far as the company is aware as at 20 July 2020, the percentage of the Company's issued share capital that is not in public hands is 46.23%.

Details of any restrictions on the transfer of securities

There are no restrictions over the transfer of securities.

Details of any other exchanges or trading platforms on which the AIM company has applied or agreed to have any of its securities (including its AIM securities) admitted or traded

The Company's shares are listed on AIM in London under ticker symbol SBIZ.

Financial Calendar

Trading statement for 6 months ended 30 June 2018 Published 17 July 2018
Half-year results for 6 months ended 30 June 2018 Published 11 September 2018
Pre-close trading statement for year ended 31 December 2018 Published 24 January 2019
Full year results for 12 months ended 31 December 2018 Published 5 March 2019
Annual Report and Accounts 2018 publication Published 29 March 2019
Trading statement for 6 months ended 30 June 2019 Published 25 July 2019
Half-year results for 6 months ended 30 June 2019 Published 10 September 2019
Pre-close trading statement for year ended 31 December 2019 Published 28 January 2020
Full year results for 12 months ended 31 December 2019 Published 10 March 2020
Annual Report and Accounts 2019 publication Published 25 March 2020
Trading statement for 6 months ended 30 June 2020 Published 23 July 2020
Half-year results for 6 months ended 30 June 2020 Published 15 September 2020
Pre-close trading statement for year ended 31 December 2020 To be published January 2021
Full year results for year ended 31 December 2020 To be published March 2021
Annual Report and Accounts 2020 publication To be published March 2021

Financial Information

SIMPLYBIZ GROUP 2020 HALF-YEAR RESULTS PRESENTATION

Half-year results for 6 months ended 30 June 2020

Trading statement for 6 months ended 30 June 2020

SimplyBiz Group Annual Report & Accounts 2019

SimplyBiz Group 2019 Final Results - Presentation

Full year results for 12 months ended 31 December 2019

Pre-close trading statement for year ended 31 December 2019

SIMPLYBIZ GROUP 2019 HALF-YEAR RESULTS PRESENTATION

Half-year results for 6 months ended 30 June 2019

SimplyBiz Group Annual Report & Accounts 2018

 

SimplyBiz Group 2018 Final Results - Presentation

Full year results for 12 months ended 31 December 2018

Pre-close trading statement for year ended 31 December 2018

Half-year results for 6 months ended 30 June 2018

Trading statement for 6 months ended 30 June 2018

Regulatory News

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Investor News

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UK City Code on Takeovers and Mergers

The SimplyBiz Group plc is subject to the UK City Code on Takeovers and Mergers

Details of Advisers

Nomad and Broker:
Zeus Capital Limited
82 King Street, Manchester M2 4WQ
10 Old Burlington Street, Mayfair, London, W1S 3AG

Auditor:
KPMG LLP
1 Sovereign Square, Sovereign Street,
Leeds LS1 4DA

Solicitors:
Eversheds Sutherland (International) LLP
Bridgewater Place, Water Lane, Leeds LS11 5DR

 

Financial PR:
Instinctif Partners
65 Gresham Street, London EC2 7NQ

Registrars:
Link Asset Services
The Registry, 34 Beckenham Road, Beckenham,
Kent BR3 4TU

Reporting Accountants:
KPMG LLP
1 Sovereign Square, Sovereign Street,
Leeds LS1 4DA

Broker:
Liberum Capital Limited
Ropemaker Place, Level 12 
25 Ropemaker Street
London EC2Y 9LY

Share price

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