Treasury Stock

 

TIDMAHI 
 
RNS Number : 7728M 
Allied Healthcare International Inc 
01 June 2010 
 

Allied Healthcare International Inc. 
Transfer of treasury stock 
Allied Healthcare International Inc. (NASDAQ: AHCI; AIM: AHI) ("Allied" or the 
"Company"), a leading provider of flexible healthcare staffing services in the 
United Kingdom, announces pursuant to the Company's $10 million stock repurchase 
program that it has transferred to treasury common stock of $0.01 each in the 
Company as set out below: 
+------------------+------------------+ 
| Date of transfer | Number of shares | 
|                  | transferred into | 
|                  | treasury         | 
|                  |                  | 
+------------------+------------------+ 
| 28 May 2010      | 50,938           | 
+------------------+------------------+ 
 
Following the above transfer of common stock into treasury, the Company holds 
635,693 shares in treasury.  The total number of shares in issue (excluding 
treasury shares) is 45,085,291. 
 
FORWARD-LOOKING STATEMENTS 
 
Certain statements contained in this news release may be forward-looking 
statements. These forward-looking statements are based on current expectations 
and projections about future events. Actual results could differ materially from 
those discussed in, or implied by, these forward-looking statements. Factors 
that could cause actual results to differ from those implied by the 
forward-looking statements include: general economic and market conditions; 
Allied's ability to continue to recruit and retain flexible healthcare staff; 
Allied's ability to enter into contracts with local government social services 
departments, NHS Trusts, hospitals, other healthcare facility clients and 
private clients on terms attractive to Allied; the general level of demand for 
healthcare and social care; dependence on the proper functioning of Allied's 
information systems; the effect of existing or future government regulation of 
the healthcare and social care industry, and Allied's ability to comply with 
these regulations; the impact of medical malpractice and other claims asserted 
against Allied; the effect of regulatory change that may apply to Allied and 
that may increase costs and reduce revenues and profitability; Allied's ability 
to use net operating loss carry forwards to offset net income; the effect that 
fluctuations in foreign currency exchange rates may have on our 
dollar-denominated results of operations; and the impairment of goodwill, of 
which Allied has a substantial amount on the balance sheet, may have the effect 
of decreasing earnings or increasing losses. Other factors that could cause 
actual results to differ from those implied by the forward-looking statements in 
this press release include those described in Allied's most recently filed SEC 
documents, such as its most recent annual report on Form 10-K, all quarterly 
reports on Form 10-Q and any current reports on Form 8-K filed since the date of 
the last Form 10-K. Allied undertakes no obligation to publicly update or revise 
any forward-looking statements, whether as a result of new information, future 
events, or otherwise. 
 
Enquiries: 
 
Allied Healthcare International Inc. 
Sandy Young 
Chief Executive Officer 
Paul Weston 
Chief Financial Officer 
[phone] 
Or 
Piper Jaffray Ltd. (Nominated Adviser) 
Matthew Flower 
Rupert Winckler 
[phone] 
Or 
ICR, LLC 
Sherry Bertner 
Managing Director 
[phone] 
[e-mail] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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