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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Merchant Hse | LSE:MHG | London | Ordinary Share | GB0000577386 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0425 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2019 to Dec 2024
TIDMMHG
RNS Number : 0764Z
Merchant House Group PLC
09 March 2012
9 March 2012
Merchant House Group plc
("MHG" or the "Group")
Further re: Pritchard Stockbrokers Limited
Further to the announcements made by the Group on 13 & 16 February 2012 regarding Pritchard Stockbrokers Limited ("Pritchard"), the board of MHG wishes to inform shareholders of the following update in respect of the transfer of assets of clients of Merchant Capital Limited ("MCL"), the FSA-regulated wholly-owned subsidiary of the Group, from Pritchard to Reyker Securities plc ("Reyker"), the recently appointed custodian to MCL.
- 100% of the non-cash assets belonging to clients of MCL, with a total value of approximately GBP310m, have now been transferred to Reyker.
- Cash monies held by Pritchard in respect of clients of MCL remain subject to the first supervisory notice issued by the Financial Services Authority ("FSA") on 10 February 2012 and may therefore not be released without written authority from the FSA.
Further announcements will be issued in due course.
For further information:
Merchant House Group plc James Holmes, Chairman Christopher Day, CEO +44 (0) 20 7332 2200 Cairn Financial Advisers LLP Liam Murray / Avi Robinson +44 (0) 20 7148 7900 Symvan Securities Kealan Doyle / Nicholas Nicolaides +44 (0) 20 7464 4260 CityRoad Communications Paul Quade +44 (0) 207 248 8010
This information is provided by RNS
The company news service from the London Stock Exchange
END
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