Last checked at 6 May 2009 15:55
6 May 2009
Fundraising completed
John East & Partners Limited ('JEP'), the corporate finance and corporate broking subsidiary of AIM listed Merchant Securities plc , has raised £540,000, before expenses, for Phynova Group plc, a UK AIM listed company developing new prescription pharmaceuticals derived from plants used in Chinese medicines. JEP, which was recently shortlisted for the Growth Company Investor AIM adviser of the year award for the sixth time and for the AIM broker of the year award, is nominated adviser to Phynova and has now been appointed as its broker.
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For further information please contact:
| Merchant Securities plc Patrick Claridge (Chief Executive) John East (Director)
| 020 7375 9010 020 7628 2200 |
| Arden Partners plc Richard Day/Matthew Armitt
| 020 7398 1600 |
| Broadgate Roland Cross/Emma Murphy | 020 7726 6111 |