News blog

Plus Markets Group

  • BY: Andrew Hore |
  • POSTED: 10/11/2011 |

Giles Vardey has stepped down as chairman of Plus Markets Group after a major shareholder tried to requisition a general meeting to unseat him.

Amara Dhari Investments wanted to replace Giles Vardey with the company’s former boss Simon Brickles. The general meeting request has been withdrawn.

Malcolm Basing will be interim chairman and a permanent replacement is being sought. Hisham Al-Otaibi, who was connected to Amara Dhari, resigned in September and is still to be replaced.

At 1.38p a share, Plus is valued at £5.32m. There was an effective cash outflow of £1.22m in the six months to June 2011, which left cash of £4.6m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2011_25.pdf

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds