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 3 November 2008.
18 January 08
Merchant House Group PLC
18 January 2008
Merchant House Group PLC (‘MHG’ or the ‘Company’)
(GB 0000577386)
PLACING, ADMISSION & TVR UPDATE
Following the announcement made on 24th December, 2007 regarding a placing of
shares to raise up to £650,000, the Board of Merchant House Group PLC is pleased
to announce the placing of the final tranche of 10,000,000 Ordinary Shares of
0.5p at a price of 1.7832p each, raising £178,320, with each share issued
carrying a warrant that is convertible into one share at a conversion price of
2p per warrant, exercisable for two years. The total raised to date is
£697,129.
Application has today been made to the AIM market of the London Stock Exchange
for the admission of 10,000,000 new Ordinary Shares of 0.5p each, to satisfy
this final tranche of the placing and dealings are expected to commence on
Friday 25th January 2008.
As a result of the issue of the new Ordinary Shares, the issued share capital is
now 81,446,600. The Company does not hold any shares in treasury and there is
no other class of share in issue which has voting rights. Consequently MHG’s
total number of voting rights is 81,446,600 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 MHG, under the FSA’s Disclosure and Transparency Rules.
Press enquiries:
Merchant House Group PLC
Martin Eberhardt
Tel: 020 7332 2200
Shore Capital and Corporate Limited
Alex Borrelli
Tel: 020 7408 4090
First City Financial Public Relations
Alan Piper
0207 242 2666