MURRAY Financial Corporation, the Edinburgh-based company being set up to acquire building societies and other mutual organisations, has confirmed that it intends to list on the Alternative Investment Market. It is seeking to raise up to #10m in initial seed capital through an institutional placing and offer for subscription. The brokers to the issue are Peel Hunt.
The MFC directors include Philip Court formerly with Birmingham Midshires and Chris Jones who was involved with 19 society mergers when with Cheltenham & Gloucester, and the chairman is Bryan Rankin, formerly managing partner with KPMG in Edinburgh.
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