Registered in England and Wales. Company registration number: 04034645
VAT registration number: 765 4893 78
This site complies with Rule 26 of the AIM Rules for Companies. This website is owned by Merchant House Group Plc and hosted by Tinderhouse Limited. This section was updated on 31st August 2010.
16 July 10
Merchant House Group Plc (“Merchant House” or the “Company”)
16 July 2010
Issue of Equity
Merchant House announces that it has today issued 71,428,571 new ordinary shares of 0.01p each in the capital of the Company (“New Shares”). The New Shares have been issued at a price of 0.14p in cash per shareto Prism Nominees Limited raising net funds of £100,000 for the Company. The funds are for use in connection with the matters set out in the recent Chairman’s letter to shareholders.
Application has been made today for the New Shares to be admitted to trading on AIM and dealings are expected to commence on 23 July 2010.
As a result of the issue of the New Shares, the issued share capital now comprises 352,382,587 Ordinary Shares. There are no shares in treasury and there is no other class of share in issue which has voting rights. Consequently the Company’s total number of voting rights is 352,382,587 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FSA’s Disclosure and Transparency Rules.
Following the issue of the New Shares, Prism Nominees Ltd have notified the Company that they have a holding of 71,428,571 Ordinary Shares equivalent to 20.3 per cent. of the enlarged issued share capital of the Company.
Ends.
Enquiries:
Merchant House Group Plc
James Holmes
Tel: 020 7332 2200
Shore Capital and Corporate Limited
Pascal Keane
Tel: 020 7408 4090
This information is provided by RNS
The company news service from the London Stock Exchange