We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Intl.Medical | LSE:INT | London | Ordinary Share | GB00B035PZ17 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.83 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4040J International Medical Devices PLC 07 December 2007 7 December 2007 International Medical Devices plc ("IMD" or "the Company") Directors Remuneration and Convertible Loan Note International Medical Devices plc (AIM: INT), the medical supply company targeting the acute care, aged care, and devices markets, announces that its new CEO has agreed to take part of his remuneration in shares above the current market price, and that it has signed a convertible loan note. Bill McGrath joined the company as Chief Operating Officer on 2 November 2007, and became the Company's Chief Executive Officer on 3 December 2007. He has agreed to convert, in aggregate #70,000 of his remuneration into Ordinary Shares, at a price higher than today's market price, being 1,125,000 Ordinary Shares at 4p and 500,000 Ordinary Shares at 5p, being a total of 1,625,000 Ordinary Shares. The Company has also entered into a two year loan note with Trafalgar Capital Specialized Investment Fund amounting to #600,000 which carries conversion rights into Ordinary shares. IMD intends to utilise the funds in support of the Company's "buy and build" strategy, relating to potential acquisition opportunities. The provider has been issued 329,272 Ordinary Shares on entering into the agreement. Application has been made for the above 1,954,272 Ordinary Shares to be admitted to trading on AIM. It is expected that admission to trading on AIM will be effected and dealings in these new Ordinary Shares will commence on 13 December 2007. Lindsay Sanford, Executive Chairman, said: "Bill's offer to take part payment in shares above current market price is a significant vote of confidence in the strength of the Company and its plans for the future. We look forward to working with him in his new role as CEO, to implement a robust business plan to enhance our existing businesses and enable us to make further acquisitions. The convertible loan note will help expedite these acquisitions, by giving us flexible cash flow to cover costs relating to the acquisition of new businesses to add to our growing portfolio." For further information, contact: International Medical Devices JM Finn Parkgreen Communications Mike Acheson, FD Geoff Nash Simon Robinson / Erica Nelson +44 20 3008 4960 +44 20 7600 1658 +44 20 7851 7480 This information is provided by RNS The company news service from the London Stock Exchange END RDSUUGUPPUPMGBQ
1 Year International Medical Devices Chart |
1 Month International Medical Devices Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions