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07 Mar, 2008

Chris Salih - 07-Mar-2008

iimia 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."

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