Morses Club PLC - Nottingham, England-based home collected credit provider and online lender - AIM notifies Morses Club it has cancelled ordinary shares from trading on its London Stock Exchange market, after a request from Morses Club. This is effective from Monday.
On Friday last week, 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. Morses Club said that Marshall did not give an instruction for the shares to be sold and that he planned to keep them for the foreseeable future. Marshall is seeking an explanation from the custodian, as of Friday last week.
By Greg Rosenvinge, Alliance News reporter
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