IN BRIEF: VSA Capital chair to step down at the end of September

VSA Capital Group PLC - London-based investment banking and broking firm - Chair Mark Steeves to step down following the company’s annual general meeting on September 30, with Mark Thompson to succeed him as chair. VSA adds that it has entered into a five-year lease of new office premises at 42 New Broad Street, London. Connected to this, VSA has entered into a loan agreement with its 19.9% owner Drakewood Capital Management Ltd. Under the terms, Drakewood provided a £95,715 loan toward the deposit for the new office at a 5% interest rate, payable at the end of the lease term. VSA says the loan can be repaid at any time throughout the five-year period without a penalty.

Current stock price: 3.50 pence on London’s Aquis Stock Exchange

12-month change: down 42%

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