Completion of Acquisition

RNS Number : 3070U

Advanced Medical Solutions Grp PLC

20 December 2011

 

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. All DEFINed terms in this announcement have the meaning GIVEN TO THEM IN THE ANNOUNCEMENT MADE BY THE COMPANY ON 2 DECEMBER 2011 (RNS Number: 2417T).

20 December 2011      

Advanced Medical Solutions Group plc

("AMS" or the "Company")

Completion of Acquisition

The Board of AMS (AIM: AMS), the global medical technology company, is pleased to announce that, following Admission of the 48,214,415 new Ordinary Shares in connection with the Placing and the Acquisition, the acquisition of RESORBA has now completed. 

For further information contact:
Advanced Medical Solutions	[phone]
Chris Meredith, Chief Executive Officer Mary Tavener, Group Finance Director
Investec Investment Banking (NOMAD)	[phone]
Gary Clarence Patrick Robb Daniel Adams Cara Griffiths

Tavistock Communications	[phone]
John West Chris Munden Andrew Dunn

Investec Bank plc, which is authorised and regulated in the United Kingdom by the FSA, is acting as nominated adviser, broker and underwriter to AMS in relation to the Placing and Admission and is not acting for any other persons in relation to the Placing and Admission. Investec Bank plc is acting exclusively for AMS and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than AMS for providing the protections afforded to clients of Investec Bank plc, or for providing advice in relation to the contents of this announcement or any matter referred to in it. The responsibilities of Investec Bank plc as AMS's nominated adviser and broker under the AIM Rules for Companies and the AIM Rules for Nominated Advisers are owed solely to the London Stock Exchange and are not owed to AMS or to any Director, Shareholder or any other person, in respect of any decision to acquire or dispose of shares in the capital of AMS in reliance on any part of this announcement, or otherwise.

No liability is accepted by Investec Bank plc nor does it make any representation or warranty, express or implied, in relation to, the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on its behalf, in connection with the Company and the Placing and accordingly Investec Bank plc disclaims all and any responsibility or liability whether arising in tort, contract or otherwise which it might otherwise have in respect of this announcement or any such statement. Investec Bank plc has not authorised the contents, or any part, of this announcement. Investec Bank plc may, in accordance with applicable legal and regulatory provisions, engage in transactions in relation to the Ordinary Shares (including the Placing Shares) and/or related instruments for its own account for the purposes of hedging its underwriting exposure or otherwise. Except as required by applicable law or regulation, Investec Bank plc does not propose to make any public disclosure in relation to any such transactions.

 

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