Re: Placing & Open Offer

Advanced Medical Solutions Grp PLC 24 April 2002 For Immediate Release: 24 April 2002 Advanced Medical Solutions Group plc ('AMS' or the 'Company') Result of placing and open offer On 28 March 2002, AMS announced a VCT placing of 25,882,352 new ordinary shares (the 'VCT Placing') and a placing and open offer (the 'Open Offer') of 21,383,632 new ordinary shares of 5p each (the 'Open Offer Shares') at an issue price of 8.5p (the 'Issue Price'). The Open Offer was made to qualifying shareholders on the basis of 8 new ordinary shares for every 35 existing ordinary shares held on the 22 March 2002. The Open Offer closed at 3.00 p.m. on Tuesday, 23 April 2002 and valid applications had been received at that time for 9,924,698 Open Offer Shares, representing approximately 46.4 per cent of the 21,383,632 Open Offer Shares capable of being taken up by qualifying shareholders under the Open Offer. The 11,458,934 Open Offer Shares not taken up have been placed with institutional and other investors at the Issue Price by Robert W. Baird Limited. The new ordinary shares will rank pari passu in all respects with the ordinary shares of 5p each in the Company in issue following the Capital Reorganisation, effected by resolution passed yesterday. The Open Offer and the Acquisition remain conditional upon admission of the shares issued pursuant to the VCT Placing and the Open Offer Shares to trading on the Alternative Investment Market of the London Stock Exchange, which is expected to take place respectively on Tuesday, 30 April 2002 and Wednesday, 1 May 2002. - ENDS - For further enquiries: Advanced Medical Solutions Group plc Robert W. Baird Limited Don Evans (Group Chief Executive) Shaun Dobson Mary Tavener (Finance Director) Xavier de Mol Tel: 01606 863 500 Tel: 020 7488 1212 This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings