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MJ Hudson Group PLC - asset-management consulting company - Reaches agreement with its existing senior lender to provide a further short term overdraft facility, which amounts to £1.8 million. Says this will provide the company with ‘additional working capital.’ The short term facility will bear 5% interest plus the Bank of England’s base rate per annum, plus additional fees as agreed with the lender. Earlier in February, Chief Executive & Founder Matthew 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. Current stock price: Suspended in December Copyright 2023 Alliance News Ltd. All Rights Reserved.
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