MJ Hudson Group PLC - asset management consultancy - Extends the terms of a director loan made to Chief Executive Matthew Hudson. As part of a subscription for 1.1 million shares by MJ Hudson members of staff at the time of the company's admission to the AIM market in December 2019, Matthew Hudson subscribed for 659,191 shares. Those shares were issued on a partly paid basis and the parties agreed that the subscription amount of GBP375,738.87 would be repaid by March 3, 2020. On Wednesday, MJ Hudson says the independent directors have agreed to extend the period for repayment of the subscription loan until the end of 2021.
Current stock price: 46.60 pence, down 1.9% on Wednesday
Year-to-date change: down 3.9%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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