07 Mar, 2008
Chris Salih - 07-Mar-2008
MitonOptimal has officially moved under the Midas Capital Partners
brand name after the group passed all resolution at its annual
general meeting earlier today.
iimia MitonOptimal announced it had conditionally agreed to buy
Midas Capital last month, with Midas head Simon Edwards becoming
managing director of the merged business.
The company has also announced the admission of 57,324,170 ordinary
shares at 10 pence each on Aim today.
The group has also announced a raft of boardroom changes including
the appointment of Colin Rutherford as a non-executive director and
chairman of the board and Lord Wade of Chorlton as a non-executive
director and deputy chairman of the Board. William Long stood down
as chairman but is continuing to act as a non-executive director
for the firm.
Midas Capital managing director Simon Edwards says: "The merger
with iimia MitonOptimal represents a new chapter in our history and
provides an infrastructure which will enable a very strong
investment team to focus on achieving good investment performance
from their clients. We look forward to working closely with Mike
Phillips and his team."