Millhouse, Inc. plc (HAM:M77) Annual General Meeting Supports Board

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Sydney, Australia, Nov 15, 2012 - (ABN Newswire) - Millhouse, Inc. PLC (HAM:M77.F - News) , the Frankfurt Stock Exchange listed financial services group, has announced that the Chairman received Proxy votes representing 92.7% of the votes attributable to shareholders recognised by the Directors.

The Chairman, M. Philippe Paillart, speaking from Dubai, commented that "he was pleased that the board had that level of support from shareholders and it provided for a stable foundation for the company".

Millhouse, Inc. PLC recently appointed Peter Koch Gmbh Securities Trading Bank as a market maker for its shares in the Xetra2 Specialist Model on the Frankfurt Stock Exchange.

Peter Koch Gmbh Securities Trading Bank will assist Millhouse, Inc. PLC in the placement of its securities and work closely with its corporate advisers and investor relations teams in New York and Europe.

Millhouse, Inc. PLC intends to complete EBITDA accretive acquisitions in private banking, wealth management, investment, asset and funds management and private equity and debt markets. The positive cash flow from the acquisitions would be used for additional acquisitions as the company embarks on a rapid expansion phase in 2013. The company will also be sponsoring new IPO's on the Frankfurt Exchange as part of its private equity strategy.

DISCLAIMER

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forward-looking statements.

About Millhouse Inc. Plc:

Millhouse, Inc. PLC (FRA:M77.F - News) is a listed international diversified funds management business with its securities quoted on Deutsche Börse. Its business is to acquire existing businesses in funds management, investment management, and asset management across asset sectors. These acquisitions are conducted at historically low prices and capitalise on the considerable sunk costs invested by previous owners.

The company has a standard acquisition model based on warranted forward ebitda with the consideration payable over three years as a mix of equity and cash. Each acquisition is ebitda positive and cash generating. Business operations exist in Australia, Singapore, Germany and other countries as the acquisitions program rolls out. http://www.millhouse.co

Contact:

 
Millhouse Inc. Plc
Level 27, 101 Collins Street
Melbourne, VIC 3000

Australia
TEL: +61-3-9221-6195
FAX: +61-3-9653-6129 

Source:

Millhouse Inc. Plc

Copyright (C) 2012 ABN Newswire. All rights reserved.

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