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MED Intelligent Ultrasound Group Plc

14.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intelligent Ultrasound Group Plc LSE:MED London Ordinary Share GB00BN791Q39 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% 14.50 14.00 15.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Medaphor Group PLC Payment of deferred consideration (6265N)

10/08/2017 8:37am

UK Regulatory


Intelligent Ultrasound (LSE:MED)
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TIDMMED

RNS Number : 6265N

Medaphor Group PLC

10 August 2017

10 August 2017

MedaPhor Group plc

("MedaPhor" the "Company")

Payment of deferred consideration

On 3 August 2016, MedaPhor Group plc (AIM: MED), the global provider of advanced ultrasound skills training simulators for medical professionals, announced the acquisition of Inventive Medical Limited ("IML"). Further to the terms of the acquisition, 2,325,582 new ordinary shares are being issued to The Incorporated Trustees of University College London Hospitals Charities (the "Retention Shares"). The issue of the Retention Shares was contingent on no seller warranty or indemnity breaches (as specified in the IML Sale and Purchase Agreement) arising during the 12 month period following the acquisition. The directors can confirm no seller warranty or indemnity breaches have occurred.

Application has been made for admission of the Retention Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission") and it is expected that Admission will become effective on 16 August 2017. Following Admission the total number of voting rights of the Company's Ordinary Shares will be 34,224,158.

Enquiries:

 
 MedaPhor Group plc                     www.medaphor.com 
 Stuart Gall, CEO               Tel: +44 (0)29 2075 6534 
 
 Cenkos Securities              Tel: +44 (0)20 7397 8900 
 Bobbie Hilliam (Nominated 
  Adviser) 
 
 
 Walbrook PR                    Tel: +44 (0)20 7933 8780 
                              or medaphor@walbrookpr.com 
 Paul McManus / Anna            Mob: +44 (0)7980 541 893 
  Dunphy                      / Mob: +44 (0)7876 741 001 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUROBRBUAWARR

(END) Dow Jones Newswires

August 10, 2017 03:37 ET (07:37 GMT)

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