![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Medic Vision | LSE:MVH | London | Ordinary Share | AU000000MVH9 | 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% | 1.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMVH RNS Number : 9305C Medic Vision Limited 23 November 2009 Medic Vision Limited ("Medic Vision" or the "Company") Proposed Acquisition of cBox Pty Ltd London, 23 November 2009 Following the Company's market update on the 26 October 2009, the Board has assessed both companies with which it has signed Heads of Agreements. The first was the proposed purchase of 100% of the issued share capital in a digital marketing and communications business and the other was for the proposed purchase of 51% of the issued share capital in a company that was synergistic with the Company's subsidiary, Red Paragon Pty Limited. The Company decided not to proceed with the latter acquisition following the due diligence process. The Board of Medic Vision is however pleased to announce that it has successfully completed its due diligence of the digital marketing and communications company, cBox Pty Ltd ("cBox"), and is proposing to enter into an agreement to acquire cBox subject to shareholders approving Resolution 13 at the upcoming Annual General Meeting scheduled for 3pm (EDST) on the 7 December 2009. Resolution 13 seeks shareholder approval for the issue of up to 100 million ordinary shares in the capital of the Company (the "Ordinary Shares") for strategic acquisitions, of which the proposed cBox acquisition is one. cBox is an innovative digital marketing and communications business offering cost effective digital marketing and communication solutions on a global scale via fax, email, mobile phone/sms and Interactive Voice Recognition (IVR). It is anticipated that cBox's services and systems will provide Medic Vision with low cost marketing and communications functions to the geographically diverse global territory within which it operates. Medic Vision has tried to cover the China/Asia and UK/Europe territories with traditional marketing approaches for years. However, the high operational costs and slow response rates associated with traditional marketing activities have not been profitable. The Board of Medic Vision believes that cBox is able to provide Medic Vision with targeted marketing and communications solutions on a low cost basis so that the Company has the best opportunity to deliver results from its businesses. It is proposed that Medic Vision will issue approximately 45,000,000 fully paid Ordinary Shares as consideration for the acquisition of cBox followed by the issue of up to approximately 18,000,000 additional fully paid Ordinary Shares if and when the holders of the Medic Vision convertible notes (as announced on 3 August 2009), convert the notes into Ordinary Shares. All Ordinary Shares issued for the acquisition of cBox will be held in escrow for a period of 12 months from the date of issue. As part of the proposed transaction, the CEO of cBox, Jason Edwards, will join the Board of Medic Vision. The Board confirms that the transaction is not a related party transaction. A further announcement in respect of this proposed acquisition will be made in due course. For further information contact: +--------------------------------------+---------------------------------------+ | Vince Leone | Email: vince.leone@medicvision.com.au | | Chief Executive Officer & President | Mob: +61 421 054 140 | | Medic Vision | | +--------------------------------------+---------------------------------------+ | Stuart Faulkner / David Altberg | Tel: +44 20 7409 3494 | | Strand Hanson Limited | | +--------------------------------------+---------------------------------------+ | Ruari McGirr | Tel: +44 20 7628 5582 | | Astaire Group Plc | | +--------------------------------------+---------------------------------------+ Background on Medic Vision Limited Medic Vision is a technology based company specialising in the application of technology for surgical and medical skills training. Medic Vision provides consulting services in the development of skills training centres as well as developing and deploying computer-based surgical and medical high fidelity simulators. See www.medicvision.com.au for more details This information is provided by RNS The company news service from the London Stock Exchange END ACQZGMZMZFFGLZM
1 Year Medic Vision Chart |
1 Month Medic Vision Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions