|
MJ Hudson Group PLC - asset-management consulting company - Signs agreement with existing senior lender to provide a short term overdraft facility of £1.5 million. Says the loan will provide ‘working capital’ while it undertakes the current sales process. As part of the agreement, the company’s former Chief Executive & Founder Matthew Hudson provided a shareholder loan of £100,000. Earlier this month, Hudson quit as CEO, days after the company’s auditor Ernst & Young LLP resigned citing ‘lost trust and confidence’ in management. Hudson led the company since founding it in 2010. Hudson holds a 24.8% stake in the MJ Hudson, according to a stock exchange filing back in August. Current stock price: Suspended in December Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
