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(MDCG.L) Money Debt & Credit Group PLC Buy/Sell

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Date/Time	Headline	Source
1
30-10-09	Money Debt & Credit - Director/PDMR Shareholding	RNS
RNS Number : 6678B Money Debt & Credit Group Plc 30 October 2009 Money Debt & Credit Group plc (the 'Company') Director Dealing The Company was notified on 29 October 2009 that Simon Johnson, the Executive Chairman of the Company, acquired 68,731 shares at 4.25p per share on 28 October 2009, being the final day of admission of the Company's shares to trading on AIM. Following this acquisition Simon Johnson holds 30,018,327 shares in the Company, representing 75.05% of the Company's issued share capital. Enquiries: `Money Debt & Credit Group PLC Tel: 01923 636 800` John Dunne, Chief Financial Officer Smith & Williamson Corporate Finance Limited Tel: 0117 376 2000 Martyn Fraser This information is provided by RNS The company news service from the London Stock Exchange END RDSBBLFXKBBXFBZ More
29-10-09	AIM - Cancellation - Money Debt & Group plc	RNS
RNS Number : 5025B AIM 29 October 2009 NOTICE (753) 29/10/2009 07:00am CANCELLATION OF ADMISSION OF SECURITIES TO TRADING ON AIM MONEY DEBT & CREDIT GROUP PLC At the request of the company trading on AIM for the under-mentioned securities have been cancelled from 29/10/2009 07:00am. Ordinary Shares of 10p each (B1G6VJ4)(GB00B1G6VJ48) `fully paid` If you have any queries relating to the above, please contact the company's nominated adviser 0117 376 2000. AIM Regulation Ref: AIMNOT753 This information is provided by RNS The company news service from the London Stock Exchange END AMOMPBMTMMJTBRL More
26-10-09	Money Debt & Credit - Director/PDMR Shareholding	RNS
RNS Number : 3694B Money Debt & Credit Group Plc 26 October 2009 Money Debt & Credit Group plc (the 'Company') Director Dealing The Company was notified on 26 October 2009 that Simon Johnson, the Executive Chairman of the Company, acquired 369,415 shares at 4.25p per share on 23 October 2009. Following this acquisition Simon Johnson holds 29,949,596 shares in the Company, representing 74.9% of the Company's issued share capital. Enquiries: `Money Debt & Credit Group PLC Tel: 01923 636 800` John Dunne, Chief Financial Officer Smith & Williamson Corporate Finance Limited Tel: 0117 376 2000 Martyn Fraser This information is provided by RNS The company news service from the London Stock Exchange END RDSFQLFLKBBXFBB More
26-10-09	Money Debt & Credit - Director/PDMR Shareholding	RNS
RNS Number : 3680B Money Debt & Credit Group Plc 26 October 2009 Money Debt & Credit Group plc (the 'Company') Director Dealing The Company was notified on 26 October 2009 that Barry Gold, a non-Executive Director of the Company, sold 50,000 shares at 4.25p per share on 23 October 2009. Following this disposal Barry Gold no longer holds any shares in the Company. Enquiries: `Money Debt & Credit Group PLC Tel: 01923 636 800` John Dunne, Chief Financial Officer Smith & Williamson Corporate Finance Limited Tel: 0117 376 2000 Martyn Fraser This information is provided by RNS The company news service from the London Stock Exchange END RDSFQLFLKBBFFBK More
21-10-09	Money Debt & Credit - Result of Meeting	RNS
RNS Number : 1688B Money Debt & Credit Group Plc 21 October 2009 Money Debt & Credit Group plc (the 'Company') Result of General Meeting The Company announces that at the General Meeting of Shareholders held today all resolutions were passed. The cancellation of admission to trading on AIM of the Company's Ordinary Shares will therefore take effect from 7.00 am on 29 October 2009. Enquiries: `Money Debt & Credit Group plc Tel: 01923 636 800` John Dunne, Chief Financial Officer Smith & Williamson Corporate Finance Limited Tel: 0117 376 2000 Martyn Fraser Barrie Newton This information is provided by RNS The company news service from the London Stock Exchange END ROMBXBDGLDDGGCB More
12-10-09	Money Debt & Credit - Director/PDMR Shareholding	RNS
RNS Number : 6143A Money Debt & Credit Group Plc 12 October 2009 Money Debt & Credit Group plc (the 'Company') Director Dealing The Company was notified on 12 October 2009 that Simon Johnson, the Executive Chairman of the Company, acquired 1,150,000 shares at 4.25p per share on 9 October 2009. Following this acquisition Simon Johnson holds 29,580,181 shares in the Company, representing 73.9% of the Company's issued share capital. Enquiries: `Money Debt & Credit Group PLC Tel: 01923 636 800` John Dunne, Chief Financial Officer Smith & Williamson Corporate Finance Limited Tel: 0117 376 2000 Martyn Fraser This information is provided by RNS The company news service from the London Stock Exchange END RDSFLLFFKBBBFBX More
06-10-09	Money Debt & Credit - Director/PDMR Shareholding	RNS
RNS Number : 3150A Money Debt & Credit Group Plc 06 October 2009 Money Debt & Credit Group plc (the 'Company') Director Dealing The Company was notified on 5 October 2009 that Simon Johnson, the Executive Chairman of the Company, acquired 350,000 shares at 4.25p per share on 2 October 2009. Following this acquisition Simon Johnson holds 28,430,181 shares in the Company, representing 71.1% of the Company's issued share capital. Enquiries: `Money Debt & Credit Group PLC Tel: 01923 636 800` John Dunne, Chief Financial Officer Smith & Williamson Corporate Finance Limited Tel: 0117 376 2000 Martyn Fraser This information is provided by RNS The company news service from the London Stock Exchange END RDSFQLFBKBBBFBZ More
24-09-09	Money Debt & Credit - Proposed Cancellation of Admission	RNS
RNS Number : 5712Z Money Debt & Credit Group Plc 24 September 2009 Money Debt & Credit Group plc (the 'Company') Proposed cancellation of admission to trading on AIM The Company today announces that it is seeking Shareholders' approval for the cancellation of admission to trading on AIM of the Ordinary Shares. Background to and reasons for the proposal to De-list The Company's Ordinary Shares were admitted to trading on AIM on 13 December 2006 with a market capitalisation at the issue price of £10 million and a share price of 25.0 pence. The reasons for admission were, inter alia, to raise the profile of the Company, to raise capital to support its growth strategy and to provide a mechanism to incentivise existing and future employees. Since admission the Company has incurred substantial trading losses. At 30 June 2009 the accumulated deficiency on the profit and loss account stood at £8.8 million. In part this reflects investment made in developing the Company's infrastructure and resources to facilitate growth in the current year and beyond. However, it also reflects a toughening within our markets. Recognising this, significant investment has been made in developing other products and services to broaden the Company's portfolio of debt solutions. This investment has largely been funded through cash resources made available to the Company by Simon Johnson. At the date of admission of the Ordinary Shares to trading on AIM Simon Johnson entered into a £3.1 million loan facility with the Company, which was subsequently increased to £4.8 million on 26 October 2007. A further increase was announced on 30 June 2009 taking the aggregate unsecured loan facility Simon Johnson has made available to the Company to £5.5 million. The debt solutions sector continues to benefit from favourable macro economic conditions. However, whilst the Directors believe the Company's prospects remain sound, it is not expected it to be profitable in the current year. This has led the Directors to review the Company's cost base in order to maximise the available resources for continued investment in the development of the business. As part of this exercise the Directors have undertaken a review of the benefits of the Ordinary Shares continuing to be traded on AIM, recognising the following key factors: THE COSTS INVOLVED IN MAINTAINING THE ADMISSION TO TRADING ON AIM OF THE ORDINARY SHARES; THE DISPROPORTIONATE AMOUNTS OF SENIOR MANAGEMENT TIME CONSUMED BY MAINTAINING THE ADMISSION TO TRADING ON AIM OF THE ORDINARY SHARES, WHICH COULD BE MORE APPROPRIATELY DEPLOYED BY THE COMPANY; THE LOW LIQUIDITY OF THE ORDINARY SHARES WITH ONLY 12 DAYS IN THE 12 MONTHS ENDED 22 SEPTEMBER 2009, BEING THE LATEST DATE PRACTICAL DATE PRIOR TO THE DATE OF THIS ANNOUNCEMENT, WHEN MORE THAN 40,000 ORDINARY SHARES TRADED AND 178 TRADING DAYS DURING WHICH NO ORDINARY SHARES WERE TRADED (70% OF ALL TRADING DAYS); AND ADMISSION TO TRADING ON AIM OF THE ORDINARY SHARES NO LONGER SERVE A USEFUL FUNCTION FOR THE COMPANY IN TERMS OF ITS ABILITY TO ACCESS CAPITAL. Following this review the Directors do not consider that the Company can justify any longer the costs associated with it being publically listed and, following careful consideration, have concluded that it is no longer in the best interests of the Company and its shareholders to maintain admission to trading on AIM of the Ordinary Shares. The De-Listing In accordance with Rule 41 of the AIM Rules, the Company has notified the London Stock Exchange of the De-Listing which is conditional upon the consent of not less than 75 per cent of votes cast by Shareholders in a general meeting. Consequently, the Company is convening the General Meeting on 21 October 2009. Subject to Shareholder approval the De-Listing is expected to be effective from 7.00 a.m. on 29 October 2009. The Notice of General Meeting is set out on page 7 of the circular being sent to Shareholders today. Recommendation The Board believe that the De-Listing is in the best interests of the Company and its Shareholders as a whole and recommend that Shareholders vote in favour of the Resolutions to be proposed at the General Meeting. Circular A circular is being posted to Shareholders today, incorporating the Notice of General Meeting to approve the De-Listing. Contacts: `Money Debt & Credit Group plc Simon Johnson, Chairman and CEO Tel: 01923 636 800` `Smith & Williamson Corporate Martyn Fraser/Barrie Newton Tel: 0117 376 2213` Finance Limited EXPECTED TIMETABLE OF PRINCIPAL EVENTS `Publication date of this 24 September 2009` announcement `Latest time and date for 11.00 a.m. on 19 October 2009` receipt of Forms of Proxy `General Meeting 11.00 a.m. on 21 October 2009` `Cancellation of admission of with effect from 7.00 a.m. on 29` `the Ordinary Shares to trading October 2009` on AIM DEFINITIONS `"AIM" AIM, the market operated by the London Stock Exchange` `"AIM Rules" the London Stock Exchange AIM Rules for Companies` `"Company" or "Money Debt & Money Debt & Credit Group plc` Credit" `"De-Listing" the proposed cancellation of admission to trading on AIM of the` `Ordinary Shares` `"Directors" or "Board" the board of directors of Money Debt & Credit whose names appear on` `page 4 of the circular being sent to Shareholders today` `"General Meeting" the general meeting of the Company convened for 11.00 a.m. on 21` `October 2009 and any adjournment thereof` `"Group" Money Debt & Credit and its subsidiary and associated undertakings` `"Form of Proxy" the form of proxy for use at the General Meeting or at any adjournment` `of such meeting` `"London Stock Exchange" London Stock Exchange plc` `"Notice of General Meeting" the notice of the General Meeting which is incorporated into the` `circular being sent to Shareholders today` `"Optionholders" holders of outstanding options under the Money Debt & Credit Group plc` `share option scheme` `"Ordinary Shares" fully paid ordinary shares of 10 pence each in the capital of the` `Company` `"Resolutions" the resolutions referred to in the Notice of General Meeting` `"Shareholders" holders of Ordinary Shares` This information is provided by RNS The company news service from the London Stock Exchange END MSCSESFWDSUSESU More
24-09-09	Money Debt & Credit - Half Yearly Report	RNS
RNS Number : 5706Z Money Debt & Credit Group Plc 24 September 2009 Money Debt & Credit Group PLC ('Money Debt & Credit Group' or 'the Group') INTERIM RESULTS Money Debt & Credit Group PLC, a leading provider of financial solutions to over-indebted individuals who are seeking to manage and reduce their debt burden in a responsible manner, announces its results for the 6 months ended 30 June 2009. EXECUTIVE CHAIRMAN'S STATEMENT Overview The trading environment in the first half of 2009 has continued to present opportunities and challenges for the Group. Revenues have grown strongly with turnover for the 26 week period to 30 June 2009 of £4.0m being an increase of £1.5m compared with the same period in 2008. The Group made a loss of £407,000 in the period (2008: £868,000 loss). However, the narrowing of the trading loss represents further progress towards our goal of achieving profitability and positive cash flows for the Group. The investment in infrastructure and resources in 2008 has increased operational effectiveness and improved our competitive position within the sector. Our new bespoke CRM has enhanced the effectiveness of lead handling, reporting and management information. New on-line marketing initiatives and opportunities are also delivering good results. As at 30 June 2009, the Group was managing a portfolio of 4,041 active Individual Voluntary Arrangements (IVAs) and 6,847 Debt Management Plans (DMPs), which comprise an annuity income base building within the business that will benefit future financial periods. Operating Review: IVA Business The Group completed 640 new IVAs during the 6 months ended 30 June 2009. Fee levels on new cases have improved slightly over the corresponding period in 2008. Ultimately, the businesses in the sector which will prosper will be those with the optimum marketing mix, the highest standards of professional services to clients and creditors, the most efficient processes, and the lowest transaction costs. The Group believes it has made significant progress in all these areas and the results are encouraging. In August 2009, the last full month for which data is available, 106 new IVAs were agreed with creditors. Operating Review: Debt Management Business The Group's decision to form its debt management subsidiary has proved to be successful as it now completing over 600 plans per month generating significant revenues. This investment decision was critical to the long term success of the Group to ensure we could offer a full range of services to clients and reduce dependence on a single product. Creation of the debt management business required significant investment in staff and infrastructure but I am pleased to report that this investment is now yielding a positive contribution to the business. In August 2009, the latest complete month for which data is available, 640 new DMPs were completed, a strong performance from our recently re-organised and expanded team of debt management specialists. Proposed delisting from AIM Despite the positive developments in our underlying business during the period it is disappointing to report another financial loss. In light of this the Board instigated a review of all areas of our cost base, which included an assessment of the benefits of maintaining our AIM quotation given the significant associated costs. Following completion of this review, the Board has today announced that it is seeking shareholders approval for the cancellation of admission to trading on AIM of its ordinary shares. Further details are contained in a circular being sent to shareholders today and the proposal is subject to shareholder approval at a General Meeting. Market outlook Undoubtedly, the economic climate is continuing to develop in the Group's favour. Problems of consumer debt are accelerating as the recession deepens. I am confident the Group is well placed to take advantage of this with our highly trained and motivated workforce, infrastructure investment, and marketing programmes. The Board is determined to maximise the resources available to invest in the business in order to take advantage of this opportunity. Simon Johnson Executive Chairman & Chief Executive Contacts: Money Debt & Credit Group plc `Simon Johnson, Chairman and CEO Tel: 01923 636 800` Smith & Williamson Corporate Finance Limited `Martyn Fraser Tel: 0117 376 2213` Barrie Newton CONSOLIDATED INCOME STATEMENTS for the 6 months ended 30 June 2009 `Unaudited Unaudited` `6 month period 6 month period Audited` `ended ended Year ended` `30 June 2009 30 June 2009 31 December 2008` `£'000 £'000 £'000` `Revenue 4,018 2,535 5,963` `Cost of Sales (2,872) (1,850) (4,961)` `Gross profit 1,146 685 1,002` `Administrative expenses (1,449) (1,372) (2,763)` `Operating loss (303) (687) (1,761)` `Interest payable (105) (185) (367)` `Interest receivable 1 4 9` `Loss before tax (407) (868) (2,119)` `Tax - - -` `Loss for the period (407) (868) (2,119)` Loss per share `Basic and diluted loss per 1.0p 2.2p 5.2p` ordinary share CONSOLIDATED BALANCE SHEETS as at 30 June 2009 `Unaudited Unaudited Audited` `As at As at Year ended` `30 June 2009 30 June 2009 31 December 2008` `£'000 £'000 £'000` Assets Non-current assets `Property, plant & equipment 510 623 529` `Total non-current assets 510 623 529` Current assets `Trade and other receivables 1,800 1,757 1,501` `Cash and cash equivalents - 74 29` `Total current assets 1,800 1,831 1,530` `Total assets 2,310 2,454 2,059` Equity and liabilities `Share capital 4,000 4,000 4,000` `Share premium account 1,635 1,635 1,635` `Merger reserve 4,200 4,200 4,200` `Reverse acquisition reserve (7,000) (7,000) (7,000)` `Retained loss (8,768) (7,108) (8,359)` `Total equity (5,933) (4,273) (5,524)` Non-current financial liabilities `Finance lease obligations 27 220 73` `Shareholder loan 5,530 4,615 4,909` `Total non-current liabilities 5,557 4,835 4,982` Current liabilities `Trade & other payables 2,473 1,770 2,397` `Financial liability: finance 174 122 204` lease obligations `Bank overdraft 39 - -` `Total current liabilities 2,686 1,892 2,601` `Total liabilities 8,243 6,727 7,583` `Total equity & liabilities 2,310 2,454 2,059` CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY for the 6 months ended 30 June 2009 `Reverse Acquisition` `Share Capital Share Premium Merger Reserve Retained Reserve` `£'000 £'000 £'000 Earnings £'000` `£'000 Total` `£'000` `Balance as at 4,000 1,635 4,200 (6,240) (7,000) (3,405)` 1 January 2008 `Loss for the period - - - (868) - (868)` `Balance as at 4,000 1,635 4,200 (7,108) (7,000) (4,273)` 30 June 2008 `Loss for the period - - - (1,251) - (1,251)` `Balance as at 4,000 1,635 4,200 (8,359) (7,000) (5,524)` 31 December 2008 `Loss for the period - - - (409) - (409)` `Balance as at 4,000 1,635 4,200 (8,768) (7,000) (5,933)` 30 June 2009 CONSOLIDATED CASH FLOW STATEMENTS for the 6 months ended 30 June 2009 `Unaudited Unaudited` `6 month period 6 month period ended Audited` `ended 30 June 2009 Year ended` `30 June 2009 £'000 31 December 2008` `£'000 £'000` Cash flows from operating activities `Net loss before taxation (407) (868) (2,119)` Adjustments for: `Depreciation 112 102 211` `Interest payable 105 185 367` `Interest received (1) (5) (8)` `Cash used by operations before (191) (586) (1,549)` changes in working capital `Movement in trade and other (298) (182) 73` receivables `Movement in trade and other 73 209 837` payables `Cash used by operating (416) (559) (639)` activities Cash flows from investing activities `Finance Leases - 30 47` `Proceeds from sale of - 13 13` property, plant and equipment `Purchase of property, plant (93) (62) (78)` and equipment `Net cash used in investing (93) (19) (18)` activities Cash flows from financing activities `Hire purchase principal (75) (66) (148)` repayments `Proceeds from shareholder loan 525 731 853` `Interest receivable 1 5 8` `Interest payable (8) (14) (25)` `Net cash from financing 443 656 688` activities `Net (decrease)/increase in (66) 78 31` cash and cash equivalents `Cash and cash equivalents at 27 (4) (4)` beginning of the period `Cash and cash equivalents at (39) 74 27` the end of the period NOTES TO THE INTERIM ACCOUNTS 1. Basis of Preparation The interim financial statements for the six months ended 30 June 2009 are unaudited and do not constitute statutory accounts. The interim results have been prepared using accounting policies which are consistent with International Financial Reporting Standards as adopted by the European Union. The Interim Report is prepared on the basis of the accounting policies set out in the most recent set of annual financial statements. The Directors have elected not to apply IAS 34 Interim financial reporting. 2. Loss per Share The earnings per share (basic) has been calculated using the loss for the period of £407,000 and a weighted average number of ordinary shares in issue during the six month period from 1 January 2009 to 30 June 2009 of 40,000,000. The share options currently in issue are options over existing shares held by the Directors and are deemed to be anti-dilutive. 3. Comparative Figures The comparative figures represent the unaudited results for the six month period to 30 June 2008 and the audited results for the year ended 31 December 2008. 4. Distribution of the Interim Report Copies of the Interim Report are being sent to shareholders. Further copies may be obtained from the Company Secretary at the registered office: 45 Clarendon Road, Watford WD17 1SZ. In addition, an electronic version will be available on the Company's website: http://www.moneydebtandcredit.com/investor-relations This information is provided by RNS The company news service from the London Stock Exchange END IR KGGZLVFGGLZM More

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