Medisys PLC - Additional Listing
10 September 1999 - 5:33PM
UK Regulatory
RNS No 2892p
MEDISYS PLC
10 September 1999
Additional Listing
Medisys PLC announces that 400,000 ordinary shares of 1p
each were issued on 12 June 1998, but were not listed.
Therefore, application has now been made for them to be
admitted to trading on AIM and it is expected that
dealings will commence on Thursday 16 September 1999.
300,000 shares were issued to Tycho Investments L P, an
independent private investment fund, and 100,000 shares
were issued to Michael Barry, the Company's current Chief
Financial Officer. However, Mr. Barry was not a
director, officer or employee of the Company at the time
of the issue and subscribed for the shares in his
capacity as a private investor. All of the shares were
issued for cash at 30 pence per share. The proceeds of
the issue were used for general working capital and other
corporate purposes.
In connection with the above issues, 300,000 warrants to
subscribe for ordinary shares of the Company were issued
to Tycho Investments L P and 100,000 warrants to
subscribe for ordinary shares of the Company were issued
to Michael Barry, all for nil consideration. The
warrants have an exercise price of 30 pence per share and
a six year maturity.
Enquiries:
Medisys PLC 00 1 650 327 7900
Kurt Amundson, President &
Chief Operating Officer
END
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