Inactive Instrument

Morses Club PLC

Equities

MCL

GB00BZ6C4F71

Morses Club CEO wants "explanation" as custodian sells stock

February 10, 2023 at 01:52 pm EST

Morses Club PLC - Nottingham, England-based home collected credit provider & online lender - Chief Executive Gary Marshall was informed that a custodian of 350,000 shares in the company sold them on his behalf at 0.272 pence per share on Wednesday. The sale amounted to GBP95,200. States that Marshall did not give an instruction for the shares to be sold. Explains that he planned to keep them for the foreseeable future. Marshall is seeking an explanation from the custodian now.

Current stock price: 0.21p, closed down 35% on Friday in London

12-month change: down sharply from 48.50p

By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Morses Club PLC

Morses Club PLC Reports Earnings Results for the Full Year Ended February 25, 2023	23-09-11	CI
Morses Club shares cancelled from trading on AIM in London	23-02-13	AN
Morses Club CEO wants "explanation" as custodian sells stock	23-02-10	AN
FTSE 100 Closes Down 0.17% Dragged by Miners, Oil Stocks	23-01-31	DJ
Morses Club receives extension for facility until end of March	23-01-31	AN
Tesco cuts jobs; AG Barr raises profit guidance	23-01-31	AN
UK Green Gilt Issuance Will Be Limited in Coming Years	23-01-31	DJ
UK Consumers' Lower Borrowing at Year-End Signals Hit to Economy	23-01-31	DJ
AIM WINNERS & LOSERS: Morses surges; XLMedia performs in line	23-01-31	AN
FTSE 100 Falls as IMF Highlights UK's Economic Fragility	23-01-31	DJ
Morses Club Soars 75% After Securing Extension for Term-out Clause of GBP25 Million Facility	23-01-31	MT
Stocks down as IMF cuts UK GDP forecast	23-01-31	AN
FTSE 100 has record in sight; US earnings begin	23-01-13	AN
AIM WINNERS & LOSERS: Morses Club jumps as delisting put in doubt	23-01-13	AN
An unknown buyer acquired approximately 6.55% stake in Morses Club PLC from J O Hambro Capital Management Limited.	23-01-12	CI
Morses Club proposes to delist to go private; has shareholder support	23-01-12	AN
Morses Club Down 53% After Revealing Intention To Delist From AIM	23-01-12	MT
More UK retail cheer as markets rise before US CPI	23-01-12	AN
TRADING UPDATES: Serinus completes rig-up; Xtract concludes JV deal	22-12-15	AN
FTSE 100 Closed Up Boosted by US Inflation Data	22-12-13	DJ
UK Unemployment Rate Expected to Increase to 5% by End of 2023	22-12-13	DJ
AIM WINNERS & LOSERS: Invinity Energy jumps on battery systems order	22-12-13	AN
Sterling Could Be Well-Positioned to Rise if US Inflation Eases	22-12-13	DJ
FTSE 100 Rises As Oil, Banks Gain; Retailers Fall	22-12-13	DJ
FTSE 100 Closes Up 0.2% Ahead of Black Friday	22-11-24	DJ

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Company Profile

Morses Club PLC is a United Kingdom-based company that is engaged on providing home credit. The Company operates through two segments: Home Collected Credit (Morses Club) and Digital (Shelby Finance Limited and U Holdings Limited). The Home Collected Credit segment operates under the Morses Club brand, it provides small, short-term loans to customers. The Digital division, which operates under two online brands, Dot Dot Loans, an online lending provider, and U Account is a digital current account provider offering an alternative to traditional banking by providing a fully functional agency banking service. The Company also provides Morses Club Card, a cashless lending product to its customer.

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