MJ Hudson sells Data & Analytics arm; plans share cancellation
(Alliance News) - MJ Hudson Group PLC on Wednesday confirmed the sale of its Data & Analytics division and set out its plan to cancel its shares from trading on AIM.
Read moreTue, 14th Jan 2020 12:09
(Alliance News) - MJ Hudson Group PLC on Wednesday confirmed the sale of its Data & Analytics division and set out its plan to cancel its shares from trading on AIM.
Read moreMJ Hudson Group PLC - London-based asset-management consulting company - Agrees to sell its Data & Analytics and Business Outsourcing Divisions - substantially all of its remaining operating divisions - to Apex Group in a cash deal worth GBP40 million. Says proceeds will be used to reduce debt and it is highly unlikely that there will be a substantial, or any, amount available to shareholders following payment of all creditors and costs. Plans to seek shareholder approval to cancel shares on AIM which, if approved, is expected to occur on May 12. Intends to notify the Solicitors Regulation Authority of the proposed closure of its legal business.
Read more(Sharecast News) - MJ Hudson has agreed to sell its data & analytics and business outsourcing divisions to asset manager Apex Group for around £40m as it looks to pay off debts.
Read more(Sharecast News) - Financial service provider MJ Hudson announced on Friday that it would not be able to release its interim results for the six months ended 31 December by the deadline of 31 March.
Read moreMJ Hudson Group PLC - London-based services for asset management industry - Wholly-owned subsidiary Tower Gate Capital Ltd agrees to sell its UK Fund Management business to special purpose acquisition vehicle Khepri Ltd for GBP1.0 million. The companies being sold are MJ Hudson Adivsors Ltd, MJ Hudson Fund Management Ltd, MH Hudson Consulting Ltd, and MJ Hudson Fund Administration Ltd.
Read moreMJ Hudson Group PLC - asset-management consulting company - Reaches agreement with its existing senior lender to provide a further short term overdraft facility, which amounts to GBP1.8 million. Says this will provide the company with "additional working capital." The short term facility will bear 5% interest plus the Bank of England's base rate per annum, plus additional fees as agreed with the lender.
Read more(Sharecast News) - Bermuda-based financial services firm Apex Group is reportedly the latest suitor to emerge as a contender to swoop on parts of beleaguered asset management consultancy MJ Hudson.
Read moreMJ Hudson Group PLC - asset-management consulting company - Signs agreement with existing senior lender to provide a short term overdraft facility of GBP1.5 million. Says the loan will provide "working capital" while it undertakes the current sales process. As part of the agreement, the company's former Chief Executive & Founder Matthew Hudson provided a shareholder loan of GBP100,000.
Read more(Sharecast News) - Asset management consultancy MJ Hudson said on Wednesday that chief executive officer Matthew Hudson has resigned with immediate effect.
Read more(Alliance News) - MJ Hudson Group PLC on Wednesday said Matthew Hudson has quit as chief executive officer, effective immediately, days after the company's auditor resigned citing "lost trust and confidence" in management.
Read more(Alliance News) - Stock prices in London were mostly higher at midday on Monday, as markets looked ahead to a busy week for economic data out of the UK.
Read more(Alliance News) - Stock prices in London opened largely higher on Monday, as investors in large companies looked past figures last week showing the UK economy going nowhere.
Read more(Alliance News) - MJ Hudson Group PLC on Monday said its auditor Ernst & Young LLP has resigned with immediate effect, less than 18 months after being appointed.
Read more(Alliance News) - Stocks in London were set to open slightly higher on Monday, though held back from bigger gains by hawkish comments from central bankers about interest rates.
Read more(Sharecast News) - Asset management consultancy MJ Hudson said on Monday that auditor EY has resigned with immediate effect less than 18 months after it was appointed, citing a loss of confidence in management.
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