Guy Peters is taking over as chief executive of Hume Capital Securities and the company is raising £425,000.
Peters is head of corporate at the AIM broking business and he will remain head of the broking business. Jonathan Freeman has returned to being a non-executive director.
David Barrow becomes finance director, replacing Mike Frame who will continue to have responsibility for risk management. Barrow has worked with Hume shareholder David Taylor. Taylor is subscribing for 425m shares at par value of 0.1p and he will own 20.4% of Hume. In April, Hume raised £250,000 at 0.225p a share and £905,000 was raised in November 2013 at 0.28p a share.
Bruce Ticehurst has been appointed as operations director. He has been a consultant for another of Hume’s major investors.
There will be further cost cutting at Hume and there will be additional fundraisings.
At 0.13p a share, Hume is valued at £3.28m.
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