MHG.L Regulatory News (MHG)

24 Jan 2008 07:00

Merchant House Group PLC24 January 2008 24th January 2008 Merchant House Group PLC ("MHG" ) (GB0000577386) Senior appointments to drive new business model at Merchant Capital AIM-quoted Merchant House Group plc announces two senior appointments to drivethe development of its corporate finance division, Merchant Capital. Nicolas Greenstone (63) is a solicitor and the proprietor of Barton BrownLimited, an FSA authorised corporate finance firm which specialises in raisingequity finance for pre-IPO companies and taking them to market. During aprevious legal career he led corporate finance transactions with an aggregatevalue of more than £3 billion and was involved in more than 30 flotations. Lord Razzall, (64) who is the Liberal Democrat spokesman on Trade and Industry,has more than 35 years experience in corporate finance and M & A activity and isthe founder of Argonaut Associates, which provides management, financial andcorporate advisory services to owner managers and corporate entities. Like MrGreenstone, he has also chaired several quoted companies, and he was awarded thetitle of European Lawyer of the Year in 1992. The appointments mark the second step in a major reshaping to provide abroadened range of complementary Merchant Banking services to corporate andprivate clients. MHG has already announced the establishment of Merchant Legalto offer corporate and commercial legal services, and foreshadowed further movesin the weeks ahead. Like other divisions within the restructured Merchant House Group, MerchantCapital will operate on a revenue-sharing basis. The model is intended to provide a strong performance incentive without the costs of salaries or significant overheads. MHG Chairman Martin Eberhardt said, "We are delighted that Nicolas and Tim haveagreed to help drive Merchant Capital as part of our refocusing. MerchantCapital will undoubtedly benefit from their extensive experience and Cityconnections. The business will now focus on more established and lower riskopportunities and as a result we are confident of seeing a higher proportion ofdeals through to completion." For further information contact: Merchant House Group PLCJames Holmes - DirectorTel: 020 7332 2200 Shore Capital and Corporate LimitedAlex Borrelli - Nominated AdviserTel: 020 7408 4090 First City Financial Public RelationsAlan Piper0207 242 2666 This information is provided by RNS The company news service from the London Stock Exchange