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...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
