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Strand Hanson

  • BY: Andrew Hore |
  • POSTED: 15/10/2009 |

Robert Hanson has joined unquoted Aim adviser Strand Partners.

Strand is changing its name to Strand Hanson and Hanson will be chairman.

Hanson recently announced his decision to sever his ties with Aim adviser Hanson Westhouse. Hanson was chairman of Hanson Westhouse before it gained its Aim quotation and subsequently became a member of the brokerís advisory panel. The announcement of Hansonís link up with Strand comes the day after it was revealed that he had sold his 19.6% stake in Hanson Westhouse, which is changing its name to Westhouse.

Chief executive William Staple bought 48,296 of the shares taking his stake in Hanson Westhouse to 8.72%, Jonathan Azis acquired 16,666 of the shares taking his stake to 1.03%. Tom Price, who is joining the firm as a corporate finance director bought 416,666 shares giving him a 4.1% stake. These shares were bought at 60p each.

That suggests that Hanson raised £1.35m from the sale. He has used some of the cash to take a 10% stake in Strand, which hopes that he will help it to gain clients in Asia.

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