30th Aug 2005 14:51
Merchant House Group PLC30 August 2005 Merchant House Group plc (the "Company") Issue of Shares and Loan Stock Merchant House Group Plc announces the issue of £500,000 Secured ConvertibleLoan Notes 2010, on terms as set out in the Company's circular to shareholdersdated 1 August 2005 (the "Circular"), and the issue of £360,000 UnsecuredConvertible Loan Notes 2010 (the "Loan Notes").The Loan Notes are convertible atany time up to redemption at 2 pence per share. In addition, the Companyannounces the issue of 2,063,000 new ordinary shares of 0.5p per share ("NewOrdinary Shares") at 2 pence per share, raising a further £41,260 beforeexpenses. Application for the admission of the New Ordinary Shares to AIM hasbeen made. The Company has issued warrants over 7,675,871 new ordinary shares to StokewellLimited on terms as set out in the Circular. It is the intention of certain directors to subscribe for Unsecured ConvertibleLoan Notes 2010 in the Company and a further announcement to this effect will bemade after the Company's interim results for the period to 30 June 2005 havebeen announced. Enquiries: Merchant House Group Plc:Peter Redmond Tel: 020 7332 2200 First City Public Relations:Allan Piper Tel: 020 7436 7486 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MHG.L