Draw Down
29 September 2005 - 9:01AM
UK Regulatory
RNS Number:9169R
Medisys PLC
29 September 2005
For Immediate Release 29 September 2005
Medisys PLC
("Medisys" or "the Company")
Draw down Under Committed Share Finance Facility
Medisys announces that it is drawing down #125,000 under the Committed Share
Finance Facility Agreement (the "Agreement") announced by the Company on 28th
July 2005 with the Headstart Group of funds ("Headstart").
Pursuant to the terms of the Agreement, Headstart has subscribed, subject to
admission, for 4,385,965 new ordinary shares in the capital of the Company
("Ordinary Shares"). The subscription price for each Ordinary Share is 2.85p.
Application has been made to the UK Listing Authority for 4,385,965 Ordinary
Shares to be admitted to the Official List and to London Stock Exchange plc for
these shares to be admitted to trading on its market for listed securities. It
is expected that admission to listing will become effective and that dealings in
these shares will commence on 4 October 2005.
- Ends -
Enquiries:
Medisys PLC 01394 446 717
Michael Barry, Chief Financial Officer
Weber Shandwick Square Mile 020 7067 0700
Kevin Smith/John Moriarty
This information is provided by RNS
The company news service from the London Stock Exchange
END
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