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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Inspiration Healthcare Group Plc | LSE:IHC | London | Ordinary Share | GB00BXDZL105 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.75 | 16.50 | 17.00 | 16.75 | 16.75 | 16.75 | 134,637 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Home Health Care Services | 41.23M | 272k | 0.0040 | 41.88 | 11.42M |
TIDMIHC
RNS Number : 5990H
Inspiration Healthcare Group PLC
19 August 2016
Inspiration Healthcare Group plc
("Inspiration Healthcare" or the "Company")
Proposed Capital Reduction and Notice of General Meeting
Inspiration Healthcare Group plc (AIM: IHC), the global medical device company, announces that it is today posting a circular (the "Circular") to shareholders containing details of a proposed reduction of the Company's share premium account (the "Capital Reduction") together with notice (the "Notice") of the requisite general meeting (the "General Meeting") to be held at 4.00 p.m. on 21 September 2016.
The Circular (containing the Notice) will shortly be made available on the Company's website at www.inspiration-healthcare.com.
Highlights
-- The Company is proposing the Capital Reduction in order to create distributable reserves to provide the Board with the flexibility to distribute profits to shareholders as dividends, subject to the financial performance of the Company.
-- The Capital Reduction will not involve any distribution or repayment of capital or share premium by the Company and will not reduce the underlying net assets of the Company. There will be no change in the number of Ordinary Shares in issue following the implementation of the Capital Reduction.
The Board considers that the Capital Reduction will be beneficial for the Company as a whole and accordingly recommends that shareholders vote in favour of the Resolution to be proposed at the General Meeting, as they intend to do so in respect of their own beneficial shareholdings which amount, in aggregate, to 11,591,332 Ordinary Shares, representing approximately 37.8% of the existing Ordinary Shares currently in issue.
The Resolution will be proposed as a special resolution to approve the Capital Reduction.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Publication of Circular 19 August 2016 Latest time and date for 4.00 p.m. on 19 September receipt of Forms of Proxy 2016 for the General Meeting General Meeting 4.00 p.m. on 21 September 2016 Expected date of Court 24 October 2016 hearing to confirm the Capital Reduction Expected effective date 26 October 2016 for the Capital Reduction
Unless otherwise defined, capitalised terms used in this announcement have the meanings given to them in the Circular.
Further information on Inspiration Healthcare can be seen at www.inspiration-healthcare.com
Enquiries:
Inspiration Healthcare Group plc Neil Campbell, Chief Executive Officer 01709 761000 WH Ireland Limited (Nominated Adviser and Broker) Tim Feather Liam Gribben 0113 394 6600 Cadogan PR Alex Walters 07771 713608
About Inspiration Healthcare
Inspiration Healthcare (AIM: IHC) is a global supplier of medical technology for critical care, operating theatre and other medical applications. The Company provides high quality innovative products to patients and caregivers around the world that help to improve patient outcomes and efficiencies of healthcare organisations with patient focused customer service and technical support.
The Company's own brand of critical care solutions span non-invasive respiratory management, thermoregulation and diagnostics, and patient warming for newborns through to adults in intensive care and the operating theatre, whilst the distribution business supplies solutions to support specialised surgical procedures and infusion therapies.
Present in over 50 countries worldwide, Inspiration Healthcare's success has been built on continuous innovation, excellent customer service and an inherent commitment to improving the quality of life of patients, working in close collaboration with key opinion leaders and stakeholders in the clinical and medical community across the globe.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUWONRNRAWAAR
(END) Dow Jones Newswires
August 19, 2016 02:00 ET (06:00 GMT)
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