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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Healthcare Ent. | LSE:HCEG | London | Ordinary Share | GB00B6030H73 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 20.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2024K Healthcare Enterprise Group PLC 18 December 2007 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA 18 December 2007 This announcement replaces RNS announcement 8208J released on 13 December 2007 at 8.47am. Cancer Therapeutics, Inc. was formerly a biotherapy company but is now a non-operating shell. Healthcare Enterprise Group PLC Disposal of Ridgecrest Healthcare holding. Healthcare Enterprise Group plc (AIM: HCEG, "HCEG", the "Group", the "Company"), the international healthcare products group has sold its minority shareholding in Ridgecrest Healthcare Group Inc. ("Ridgecrest"), the US pink sheets listed healthcare consulting and advisory group. The consideration is being satisfied by way of exchange for 1,125,000 shares in ValiRx plc, the AIM listed therapeutic research and development company (AIM: VAL), plus an additional 300,000 shares in ValiRx, once filing of a patent application with the UK Patent Office in relation to certain intellectual property arrangements has been made. HCEG will also receive 400,000 shares and 700,000 warrants in the US-based Cancer Therapeutics, Inc., a former biotherapy company that is now a non-operating shell. This exchange of assets is not expected to result in any material change to the carrying value of the Group's investment in Ridgecrest which was £510,000 on 28 February 2007. The Board plans to realise these investments in an orderly manner at the earliest opportunity. Lyndon Gaborit, Executive Deputy Chairman, said: "We are pleased to complete our first disposal into a more readily realisable and liquid investments. Cash proceeds from disposals will be used to reduce further the Group's borrowing and provide additional working capital for its operations." Enquiries: Healthcare Enterprise Group PLC 01925 898 200 Lyndon Gaborit, Executive Deputy Chairman Numis 020 7260 1000 David Poutney College Hill 020 7457 2020 Adrian Duffield / Jon Davies This information is provided by RNS The company news service from the London Stock Exchange END DISGUGACPUPMGAR
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