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Autoclenz Holdings

  • BY: Andrew Hore |
  • POSTED: 27/11/2012 |

Investor Bob Morton has taken a 7.68% stake in cash shell Autoclenz Holdings.

He has increased his stake from less than 1%.

The company is changing its name to AimShell following the disposal of its trading businesses. Following the disposal, Autoclenz will have £3m in cash and 7% loan notes of £1m, which are repayable over a three year period. The first payment will be £333,333 in one years time followed by quarterly repayments for two years.

At 32.5p a share, Autoclenz is valued at £3.38m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFNovember2012_38.pdf

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