IN BRIEF: Craven House Capital shares suspended as fails to pay nomad

Craven House Capital PLC - London-based investor in the pharmaceutical and e-commerce sectors - Shares are suspended from trading on AIM in London on Monday, after Spark Advisory Partners Ltd resigns as the company's nominated adviser. Under AIM listing rules, Craven House Capital must appoint a new nomad within a month, or its listing will be cancelled. The company says Spark resigned "as a result of the failure of the company to pay fees" owed to Spark under the nomad agreement, without elaborating. Back in February, Craven House Capital reported having USD28,000 in cash on November 30 last year. It had total assets of USD648,000. The company's pretax loss for the six months ended November 30 was USD2,000, narrowed from USD114,000 a year before.

Current stock price: USD0.13 for USD483,000 market capitalisation

12-month change: down 35%

By Tom Waite, Alliance News editor

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