Inspiration Healthcare Group PLC Proposal for reduction in share premium account (4188N)

TIDMIHC

RNS Number : 4188N

Inspiration Healthcare Group PLC

25 October 2016

Inspiration Healthcare Group plc

("Inspiration Healthcare" or the "Company")

Proposal for reduction in share premium account

Inspiration Healthcare Group PLC is announcing that it has halted the proposal for the reduction of the share premium account, which was approved by shareholders on the 21 September 2016, due to a legal technicality which now requires additional resolutions to be passed by shareholders to ensure that sufficient distributable reserves are created. The Company anticipates re-submitting the required resolutions for shareholders to consider at the next AGM in June 2017.

Enquiries:

 
 Inspiration Healthcare 
  Group plc 
  Neil Campbell, Chief Executive 
  Officer 
  Mike Briant, Chief Financial 
  Officer                           01455 840555 
---------------------------------  -------------- 
 Nominated Adviser & Broker 
  Cenkos Securities plc 
  Bobbie Hilliam (NOMAD)            0207 397 8900 
---------------------------------  -------------- 
 Cadogan PR 
  Alex Walters                      07771 713608 
---------------------------------  -------------- 
 

This announcement contains inside information.

About Inspiration Healthcare

Inspiration Healthcare (AIM: IHC) is a global supplier of medical technology for critical care, operating theatre and other medical applications. The Company provides high quality innovative products to patients and caregivers around the world that help to improve patient outcomes and efficiencies of healthcare organisations with patient focused customer service and technical support.

The Company's own brand of critical care solutions span non-invasive respiratory management, thermoregulation and diagnostics, and patient warming for newborns through to adults in intensive care and the operating theatre, whilst the distribution business supplies solutions to support specialised surgical procedures and infusion therapies.

Present in over 50 countries worldwide, Inspiration Healthcare's success has been built on continuous innovation, excellent customer service and an inherent commitment to improving the quality of life of patients, working in close collaboration with key opinion leaders and stakeholders in the clinical and medical community across the globe.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 25, 2016 08:38 ET (12:38 GMT)