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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 : 6992A
Merchant House Group PLC
03 April 2012
3 April 2012
Merchant House Group plc
("MHG" or the "Company")
Update on Financial Condition
The board of MHG wishes to provide an update on its financial condition.
On 28 February 2012, MHG announced a share placing to raise GBP761,500 to support the growth and development of the business. The Company has since allocated the bulk of these monies to progress a number of projects, which are at various stages of completion. The directors anticipate that the benefits of this investment will be seen in the months ahead.
With the emphasis on business development, day-to-day working capital remains tight; the board continues to manage its resources carefully and is seeking to raise further funds to strengthen its financial position.
Further announcements will be made 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 Tony Rawlinson / Avi Robinson +44 (0) 20 7148 7900 Symvan Securities Kealan Doyle / Nicholas Nicolaides +44 (0) 20 7464 4260
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAPLDEANAEEF
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