News blog
Managed Support Services / Kennedy Ventures
- BY: Andrew Hore |
- POSTED: 24/05/2012 |
Cash shell Managed Support Services has appointed Christopher Yates as a non-executive director.
Shareholders will vote at a general meeting tomorrow on the proposed new investing strategy and other proposals, including the company’s proposed new name Kennedy Ventures. They have to pass all resolutions for the appointment to be confirmed.
Yates is also a director of fellow shell Pires Investments, which like MSS has gone through a CVA. He is also a director of Culver Holdings, which used to be on the Main Market and has a corporate finance business.
The appointment follows the news that deferred consideration from the sale of the building services businesses has fallen far short of expectations and the shell warned that its shares have negligible value.
At 0.06p a share, MSS is valued at £130,000.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2012_32.pdf
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