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Merchant House

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

Merchant House says that it has not been able to raise sufficient cash for its shares to return from suspension and the Aim quotation will be cancelled on 28 November.

Merchant House has raised some money that was conditional on the return from suspension and it is unclear whether the company will be receive this cash. There should be further news in a few days.

The shares were suspended at 0.042p each on 20 April so they have been suspended for more than six months. Net debt was 1.21m at the end of June 2012. 

Christopher Day stepped down as chief executive at the beginning of November 2012.

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