Additional Listing and share consolidation (0653R)

TIDMXCT

RNS Number : 0653R

XCounter AB

28 October 2011

PRESS RELEASE

Stockholm, 28 October 2011

Additional Listing and share consolidation

XCounter AB (AIM: XCT) ("XCounter" or the "Company"), a technology leader in the development and supply of specialty X-ray detectors, announces that following its general meeting held on 17 October 2011, where it was proposed and approved that the Company should undertake a 50:1 share consolidation, the issuance of an additional 12 Ordinary Shares (the "New Ordinary Shares") is required to bring the total number of Ordinary Shares in issue to 195,483,500.

Application has been made to AIM, a market of the London Stock Exchange plc, for the admission of the New Ordinary Shares. It is expected that dealings in the New Ordinary Shares, which will rank pari passu in all respects with the existing issued share capital of the Company, will commence on 1 November 2011.

The timetable for the proposed share consolidation is set out below:

 
 Event                                                     Date 
 Record date (last day of trading               4 November 2011 
  the shares before the share consolidation) 
 
  Effective date (first day of trading          7 November 2011 
  the new consolidated shares) 
 

For further information, please contact:

XCounter AB Tel: [phone]

Mikael Strindlund, CEO

Singer Capital Markets Limited Tel: [phone]

Shaun Dobson / Claes Spang

Capital MS&L Tel: [phone]

Anna Davies

About XCounter AB

XCounter AB is a leader in the development and supply of direct conversion, photon counting and tomosynthesis based 3D X-ray imaging technologies for medical, dental and industrial X-ray imaging.

Headquartered in Stockholm, XCounter employs 28 people in its facilities in Sweden and Finland. For more detailed information, please visit:www.xcounter.se

This information is provided by RNS

The company news service from the London Stock Exchange

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