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Close Brothers Group plc noted the publication of a research report by Viceroy Research on March 16, 2026, and stated its strong disagreement with the report's claims regarding the Company's motor finance commissions provisioning and capital position. Close Brothers affirmed its provisioning approach is in accordance with UK-adopted international accounting standards and a robust governance process. The Company will release its half-year results to January 31, 2026, and a business update on March 17, 2026.
| Date | 16 Mar 2026 |
| Time | 17:40:56 |
| Category | Miscellaneous |
| ID | 8498W |
Statement regarding report from Viceroy Research
Close Brothers Group plc ("Close Brothers" or the "Company") notes the publication of the research report by Viceroy Research (the "Report") this afternoon.
Close Brothers strongly disagrees with the Report, which relates to the Company's approach to provisioning in respect of motor finance commissions and resulting impact on its capital position. Our provisioning approach in relation to this matter is in accordance with UK-adopted international accounting standards and follows a robust governance process.
Close Brothers will release its half year results to 31 January 2026 on Tuesday, 17 March, alongside a business update. We look forward to updating the market on our financial performance and the business, strategy and market opportunity for our three lending divisions.
Enquiries
|
Maritz Carvalho |
Close Brothers Group plc |
020 3857 6063 |
|
Sam Cartwright |
H/Advisors Maitland |
07827 254 561 |