Advanced Medical Solutions Grp PLC
24 April 2002
For Immediate Release: 24 April 2002
Advanced Medical Solutions Group plc ('AMS' or the 'Company')
Result of placing and open offer
On 28 March 2002, AMS announced a VCT placing of 25,882,352 new ordinary shares
(the 'VCT Placing') and a placing and open offer (the 'Open Offer') of
21,383,632 new ordinary shares of 5p each (the 'Open Offer Shares') at an issue
price of 8.5p (the 'Issue Price'). The Open Offer was made to qualifying
shareholders on the basis of 8 new ordinary shares for every 35 existing
ordinary shares held on the 22 March 2002.
The Open Offer closed at 3.00 p.m. on Tuesday, 23 April 2002 and valid
applications had been received at that time for 9,924,698 Open Offer Shares,
representing approximately 46.4 per cent of the 21,383,632 Open Offer Shares
capable of being taken up by qualifying shareholders under the Open Offer. The
11,458,934 Open Offer Shares not taken up have been placed with institutional
and other investors at the Issue Price by Robert W. Baird Limited.
The new ordinary shares will rank pari passu in all respects with the ordinary
shares of 5p each in the Company in issue following the Capital Reorganisation,
effected by resolution passed yesterday.
The Open Offer and the Acquisition remain conditional upon admission of the
shares issued pursuant to the VCT Placing and the Open Offer Shares to trading
on the Alternative Investment Market of the London Stock Exchange, which is
expected to take place respectively on Tuesday, 30 April 2002 and Wednesday, 1
May 2002.
- ENDS -
For further enquiries:
Advanced Medical Solutions Group plc Robert W. Baird Limited
Don Evans (Group Chief Executive) Shaun Dobson
Mary Tavener (Finance Director) Xavier de Mol
Tel: 01606 863 500 Tel: 020 7488 1212
This information is provided by RNS
The company news service from the London Stock Exchange
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