MHG Merchant Hse

TIDMMHG

RNS Number : 1560S

Merchant House Group PLC

27 November 2012

27 November 2012

MERCHANT HOUSE GROUP PLC (the "Company")

Cancellation of admission to trading on AIM

The Company regrets to announce that despite considerable efforts by the Board, the Company has been unable to raise sufficient funding in time in order to restore trading on AIM in the Company's ordinary shares and therefore admission to AIM will be cancelled pursuant to the AIM rules with effect from 7.00am on 28 November 2012.

The Company has entered into some investment agreements which are conditional, inter alia, on the lifting of the suspension in trading in the Company's ordinary shares. The directors intend to enter into discussion with the funding parties to determine if this condition may be waived. There is no guarantee that these discussions will result in a satisfactory outcome but shareholders and creditors will be updated within the next few days.

In the meantime the Company will consider all the options open to it to preserve value for stakeholders.

Enquiries:

 
 Merchant House Group plc 
  James Holmes / James Keane                   +44 (0) 20 3544 4793 
 
 Allenby Capital Limited (Nominated Adviser 
  and Broker) 
  Jeremy Porter / James Reeve                  +44 (0) 20 3328 5656 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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