Merchant House Group will recommence trading ordinary shares on Aim at 12pm today following the suspension of shares on March 29.
The shares were suspended because several issues of shares totalling 652m, and representing 14.1% of the total, were made between October and December but the company had not informed AIM.
The shares were suspended while the board investigated the reasons for AIM not receiving this information.
Westward Consultants Limited were issued two lots of shares, the first on 3 October totalling 208m and the second on November 1 totalling 250m.
The shares were issued to Westward Consultants as settlement of £0.5m in fees due to Balfour Consultants for provision of a digital trading platform, as well as creation of futher funds and additional assets under management.
Balfour requested that the payment be made to Westward Consultants.
Shares were also issued to the former directors of the Clarkson Hill Group, Ron Pritchard and Michael Robinson with both receiving 50m on 5 October, and a further 47m on 20 December.
Merchant House Group acquired the Clarkson Hill Group, which is currently in administration, in December 2010.
The group has today applied for the new ordinary shares to be admitted to trading on AIM, which is expected to take place on or around 10 April.
Merchant House has now requested the suspension of its shares be lifted, with trading in ordinary shares resuming at 12pm today.
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