Capital Return Approved (6322B)
April 19 2012 - 2:00AM
UK Regulatory
TIDMMDY
RNS Number : 6322B
MDY Healthcare PLC
19 April 2012
MDY Healthcare plc
("MDY" or the "Company")
Capital Return Approved
19 April 2012: Further to the announcement on 5 April 2012 the
Company is pleased to confirm that, at the continuance of the court
hearing on 18 April 2012 in connection with the proposed
cancellation of the Company's share premium account and reduction
of its share capital (and incorporating a repayment to
shareholders) ("the Capital Reduction"), the petition regarding the
Capital Reduction was granted and the payment of 52 pence per
Ordinary Share to Shareholders registered on the register of
members of the Company at the Record Time was approved.
The Company now confirms that the timetable of principal events
is as follows:
Record Time 6.00pm on 16 April
2012
Effective date for the Capital Reduction 18 April 2012
Expected last day for trading the Ordinary 25 April 2012
Shares on AIM
Expected date for return of 52 pence per 26 April 2012
Ordinary Share to Shareholders registered
on the register of members of the company
at the Record Time
Expected date that admission to trading 26 April 2012
of the Ordinary Shares on AIM will be cancelled
Earliest date that the company will be re-registered 26 April 2012
as a private company
For further information, please contact:
MDY Healthcare plc
Grahame Cook, Chairman +44 (0) 20 3178 5925
Zeus Capital Limited (Nomad)
Ross Andrews, Andrew Jones +44 (0) 161 831 1512
Notes for editors:
About MDY Healthcare
MDY Healthcare plc is a sector specialised strategic investing
company quoted on AIM (ticker symbol: MDY). Further information can
be found on the website www.mdyhealthcare.com.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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