DXS International plc
Completion of Share Placing
The Directors of DXS International plc ("the Company") are pleased to announce that on 28th November 2012, they have completed a placing to raise £150,000 by the issue of 1,500,000 fully paid ordinary shares of 0.33p each ("Ordinary Shares") at an issue price of 10p per share. The new Ordinary Shares are fully paid and rank equally with the existing Ordinary Shares.
In addition to the Ordinary Shares the Company has issued 600,000 warrants exercisable at 10p each and 240,000 warrants exercisable at 15p each all expiring 30th April 2016.
The proceeds of the placing are to be applied to the completion of the integration of the Company's software with the products of EMIS Group plc, which is currently being Beta tested. On acceptance, which is expected to be in the first quarter of 2013, DXS's solutions will then be available to approximately 90% of the GP population. To date, DXS has signed agreements with 5 Clinical Commissioning Groups covering c. 1,000,000 patients.
Following the completion of the above referred to issue of Ordinary Shares the total issued share capital of the Company is now 29,644,879 fully paid ordinary shares.
The Directors of DXS International plc accept responsibility for this announcement.
For further information on this announcement please contact:
Contact Information:
David Immelman
Unit 6a, Abbey Business Park,
Monks Walk, Farnham,
Surrey
GU9 8HT
Tel: 01252 719800
Website: www.dxs-systems.com
Corporate Adviser:
David Papworth
City & Merchant Limited,
Salisbury House,
29 Finsbury Circus,
London
EC2M 5QQ
Tel: 020 7101 7676