IN BRIEF: Morses Club CEO wants "explanation" as custodian sells stock

Morses Club PLC - Nottingham, England-based home collected credit provider & online lender - Chief Executive Gary Marshall was informed that a custodian of 350,000 shares in the company sold them on his behalf at 0.272 pence per share on Wednesday. The sale amounted to GBP95,200. States that Marshall did not give an instruction for the shares to be sold. Explains that he planned to keep them for the foreseeable future. Marshall is seeking an explanation from the custodian now.

Current stock price: 0.21p, closed down 35% on Friday in London

12-month change: down sharply from 48.50p

By Abby Amoakuh, Alliance News reporter

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