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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| African Med | LSE:AMEI | London | Ordinary Share | IM00B39HQT38 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.225 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMAMEI
RNS Number : 6854O
African Medical Investments PLC
15 October 2012
African Medical Investments plc / Index: AIM / Epic: AMEI / Sector: Healthcare
15 October 2012
African Medical Investments plc ('African Medical' or 'the Company')
Convertible Loan Note Instrument
African Medical Investments plc, the AIM listed company operating in the African healthcare sector, announces that Harbinger Capital Partners Master Fund I, Ltd ('Harbinger') failed to subscribe for the second and final balance of US$750,000 (the 'Final Balance') on 12 October 2012 of a convertible loan note instrument constituted on 29 August 2012 and as amended on 1 October 2012 in accordance with a deed of amendment entered into on 1 October 2012, and is therefore in breach of its undertaking to do so.
As a consequence, the amendments to the loan note instruments (namely, the deletion of certain restrictive covenants to which the Company would otherwise be subject) take effect.
The Company and Harbinger are in discussions about Harbinger subscribing for the final balance this week and, in the meantime, the Company reserves its rights in full against Harbinger. The Company will make a further announcement regarding the timing of such final subscription as and when confirmed.
** ENDS **
For further information please visit www.amiplc.com or contact:
Hot Features
Premium
Peter Botha African Medical Investments Tel: +27 833 269 564
Plc
Jonathan Wright Seymour Pierce Ltd Tel: +44 (0) 20 7107
8000
David Foreman Seymour Pierce Ltd Tel: +44 (0) 20 7107
8000
David Hart Daniel Stewart & Company Tel: +44 (0) 20 7776
Plc 6550
Martin Lampshire Daniel Stewart & Company Tel: +44 (0) 20 7776
Plc 6550
Susie Geliher St Brides Media & Finance Tel: +44 (0) 20 7236
Ltd 1177
Notes
African Medical Investments plc (AIM: AMEI) provides international standard healthcare through private hospitals across Africa, targeting the expanding African middle classes and the expatriate, non-governmental organisations, diplomatic and tourist markets. The Company currently has hospitals in Dar es Salaam (Tanzania), Maputo (Mozambique) and Harare (Zimbabwe). Its current focus is on improving occupancy rates and optimising the space of these facilities, however expansion remains a longer term focus either through the construction of new hospitals or investments in existing facilities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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