21st Oct 2005 16:36
Merchant House Group PLC21 October 2005 Merchant House Group Plc ("the Company") Cancellation of share premium account The Company announces that, on 12 October 2005, the High Court of Justiceconfirmed the cancellation of the share premium account of the Company,amounting to £1,333,940, and of the deferred shares. Following the registrationof the Court Order by the Registrar of Companies on 20 October 2005, the capitalreduction is now effective. The revisions to the share capital of the Company are summarised as follows: Authorised share capital Issued share capital Number £ Number £ 1) Prior to the capital reorganisationordinary shares of 5p each 225,000,000 11,250,000 18,083,600 904,180 2) Following the capital reorganisationordinary shares of 0.5p each 2,087,247,600 10,436,238 18,083,600 90,418deferred shares of 4.5p each 18,083,600 813,762 18,083,600 813,762 3)Following the cancellationordinary shares of 0.5peach: on cancellation 2,087,247,600 10,436,238 18,083,600 90,418issued on 27 August 2005 - - 2,063,000 10,315 2,087,247,600 10,436,238 20,146,600 100,733 In addition, as previously announced, the Company has issued £500,000 securedconvertible loan notes 2010, convertible at 2p per share into a maximum of25,000,000 new ordinary shares of 0.5p each, and £360,000 unsecured convertibleloan notes 2010, convertible at 2p per share into a maximum of 18,000,000 newordinary shares of 0.5p each. The Company has also granted warrants over7,675,871 new ordinary shares exercisable at a price of 2p per share on orbefore 25 August 2008. Press enquiries: Peter Redmond, Executive ChairmanMerchant House Group plc Tel: 020 7332 2200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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