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Further to the announcement by the Company on 7th January 2004 of the acquisition of Medical Development Specialists Inc (“MDS”), HCEG is pleased to announce that certain earn-out conditions under the terms of the acquisition have been met and accordingly HCEG has allotted 320,000 new ordinary shares, at a price of 77.93 pence per share, in the capital of the Company to the sellers of MDS.
Application has been made for the new ordinary shares to be admitted to AIM, bringing the issued share capital of the Company to 150,931,426. Trading is expected to commence at 8.00am, 22 June 2005.
Enquiries:
Healthcare Enterprise Group PLC
John Bradshaw, Group Finance Director
020 7351 7500
College Hill
Corinna Dorward
020 7457 2020
Notes
HCEG is quoted on the UK AIM stock market with its head office in London. HCEG is a business engaged in medical product distribution, occupational health, first aid and medical consultancy markets. These businesses underpin a range of innovative medical devices, which will be introduced to the market via HCEG’s own distribution network on an international basis.
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