Merchant House shares recommence trading on AIM

Nicola Brittain
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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...

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