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Mountfield Group

  • BY: Andrew Hore |
  • POSTED: 14/06/2010 |

Rakesh Patel has resigned as a non-exec director of Mountfield Group, which has still not published its 2009 figures.

Patel was formerly finance director of the contracting business but he stepped down last October in order to spend more time with his accountancy business. The same reason has been given for him leaving the board.

Mountfield still does not have a finance director and it has little more than two weeks to publish its 2009 results or the shares will be suspended.

At 3.25p a share, Mountfield is valued at 5.57m. Mountfield joined Aim on 30 October 2008 at an admission price of 10p a share.

Arbuthnot took over as nominated adviser and broker from Daniel Stewart in May.

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