Nucleus to tackle debt

Stodell, Hannah
June 2009
Money Marketing;6/25/2009, p3
The article reports on the rights issue proposed by the Independent Financial Adviser (IFA)-owned wrap Nucleus aiming to repay more than £3 million in debts owed to South African insurer and shareholder Sanlam. David Ferguson, Nucleus chief executive, says the firm will prop up capital from existing shareholders and confident of Sanlam's commitment with the business. It is noted that the said bid happened following the resignation of Nucleus business director and cofounder Philip Martin.


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