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Merchant House shares suspended

The board of Merchant House Group has announced that it has requested the temporary suspension of its shares from trading on Alterntative Investment Market.

In a stock exchange announcement this morning, the group said the move was pending the outcome of a review of its financial condition with a view to determining “whether or not it has sufficient working capital for its present requirements”.

Earlier this month, Merchant House Group revealed it issued shares representing 14 per cent of the company’s enlarged issue share capital without announcing the move or admitting the shares to trading on AIM.

The parent firm of Merchant Capital temporarily suspended its shares in March before revealing the suspension was triggered by the share-holding revelation.



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There are 2 comments at the moment, we would love to hear your opinion too.

  1. Regulatory costs are going up and up and up, the burden of compliance is increasing exponentially, PII premiums and excesses are going up and up, the costs of employing people are going up and up, revenues are down and, with impunity, the FSA has a free hand to do whatever it feels like.

    There are going to be plenty more announcements of this nature, particularly after the end of this year.

  2. And, Julian, I suspect this group’s woes have nothing to do with the FSA. I appreciate you have your hobby-horse you like to take out for a daily canter round the blogs, but do at least try to keep it in a relevant paddock.

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