24th Dec 2007 12:24
Merchant House Group PLC24 December 2007 Merchant House Group PLC ("MHG" or the "Company") (GB 0000577386) PLACING, ADMISSION & TVR UPDATE The Board of Merchant House Group PLC announce the raising of up to £650,000 byway of a placing of shares with the initial placing of £210,000 at 2p. Eachshare issued carries a warrant that is convertible into one share at aconversion price of 2p per warrant, exercisable for two years. The board welcomes this fundraising which secures the development of the groupas set out in the interim statement and looks forward to announcing furtherpositive developments early in 2008. Application has today been made to the AIM market of the London Stock Exchangefor the admission of 10.500,000 new Ordinary Shares of 0.5p each, to satisfythis first tranche of the placing and trading is expected to take place onThursday 3rd January 2008. As a result of the issue of the new Ordinary Shares the issued share capital isnow 54,346,800. The Company does not hold any shares in treasury and there isno other class of share in issue which has voting rights, Consequently MHG'stotal number of voting rights is 54,346,800 and this figure may be used byshareholders as the denominator for the calculations by which they willdetermine if they are required to notify their interest in, or a change to theirinterest in MHG, under the FSA's Disclosure and Transparency Rules. Press enquiries: Merchant House Group PLC Martin Eberhardt Tel: 020 7332 2200 Shore Capital and Corporate Limited Alex Borrelli Tel: 020 7408 4090 First City Financial Public Relations Alan Piper 0207 242 2666 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MHG.L