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28 Aug 2009 14:24
Merchant House Group Plc (the "Company")
28 August 2009
Issue of Equity
The Company announces that it has issued today, 30,000,000 new ordinary shares of 0.01p each ("Ordinary Shares") in connection with third party creditor settlements at an effective price of 0.25p per share.
Application has been made today for the 30,000,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 4 September 2009.
As a result of the issue of the new Ordinary Shares, the issued share capital now comprises 137,870,148 Ordinary Shares. There are no shares in treasury and there is no other class of share in issue which has voting rights. Consequently the Company's total number of voting rights is 137,870,148 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FSA's Disclosure and Transparency Rules.
Ends.
Enquiries:
Merchant House Group Plc
James Holmes
Tel: 020 7332 2200
Shore Capital and Corporate Limited
Pascal Keane
Tel: 020 7408 4090
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