Emis Share Discussion Threads

[stegrego] 29/4/2010 16:57

Hi,

No i dont hold at the moment, but have a holding in SYS which is a similar sector and operation.

Am monitoring for the time being.

[simon gordon] 29/4/2010 16:54

Hi Steg,

Did you pick up some in the IPO?

What's your thinking on EMIS?

Cheers.

[stegrego] 01/4/2010 23:16

The placing price has been set at 300 pence per placing share.

Based on the placing price, EMIS is expected to have a market capitalisation of approximately £175 million immediately following the placing.

The placing was two times subscribed.

The placing comprises 8,333,334 new shares to be issued by the Company and 8,333,333 existing shares to be sold by certain selling shareholders, which together represent 28.6 per cent. of the Company's enlarged issued share capital.

At the placing price, the Company expects to raise gross proceeds of £25 million and the selling shareholders expect to raise gross proceeds of £25 million.

The Company intends to use the net proceeds from the issue of new shares to repay the £23 million loan to the Company from the founder shareholders.

Following the placing, the directors and senior management team of EMIS will own 52.9 per cent. of the Company's enlarged issued share capital and the founder shareholders will own 18.5 per cent. of the Company's enlarged issued share capital.

Upon admission to AIM there will be a total of 58,333,334 ordinary shares in issue.

Admission to AIM and the commencement of dealings in the ordinary shares are expected to take place on Monday 29 March 2010 (ticker symbol EMIS).
Evolution Securities Limited is acting as Nominated Adviser and broker to EMIS Group plc.

Sean Riddell, Chief Executive of the Group, said:

"We are delighted with the positive response we have received from institutions to the placing and that investors share our enthusiasm for the growth potential of the Group. EMIS' admission to AIM marks the beginning of a transformational new phase in the Company's development and provides us with a platform from which to build on our leading market position. We look forward to reporting on progress and delivering value to shareholders."

[stegrego] 01/4/2010 23:12

EMIS Group is the UK's leading supplier of software and related services to GP practices, with approximately 39 million patient records in the UK held on EMIS' software



EMIS is the leading provider of clinical software systems to GP practices in the UK, with its systems used in 52.4 per cent of GP practices as at December 2009.

In England, the Group's largest geographic market, 4,936 GP practices use the Group's software, a market share of 59.0 per cent. The Group also has a significant presence in Wales and Northern Ireland, as well as a growing market share in Scotland.

Within the Group's core UK GP practice market, the Directors believe there are the following opportunities for organic growth:

supplying new systems to the 650 Scottish GP practices needing to replace their GPASS systems currently being phased out;

providing upgrades to existing EMIS GP systems;

providing new products to existing EMIS GP practices, such as flat screen patient call systems, enabling greater waiting room automation; and
supplying EMIS systems to GP practices wishing to replace their existing non-EMIS software.

Overlaying the above, is the new EMIS Web opportunity, including:

supplying EMIS Web to non-GP healthcare practitioners in the extended primary care and community care sectors.

rolling out EMIS Web across the Group's existing GP practice user base, scheduled to take place over the next two to four years.

supplying EMIS Web to GP practices not currently using an EMIS system.

The Directors also believe the Group's hosting of the patient's cradle to grave healthcare record gives it a significant opportunity to extend the reach of its software to other healthcare groups within the primary, community or secondary care sectors, whether through in-house development or via acquisition.