DXS INTERNATIONAL PLC
Issue of Shares and Repurchase of Shares
The Directors of DXS International plc, the provider of clinical decision support systems to Clinical Commissioning Groups, GPs, doctors and health care professionals are pleased to announce that agreement has been reached with Mr Ronald Rhodes to accept 3,000,000 ordinary shares in the Company in consideration of the reduction of £300,000 of loan outstanding against the purchase of the Company's intellectual property.
Part of the proceeds of the issue of these shares will be applied to the repurchase and cancellation of 3,360,291 shares held by Threadneedle Equities Limited for a consideration of £360.43, being the amount originally subscribed. Completion is subject to passing an Ordinary Resolution to give effect to the repurchase and cancellation of shares at a General Meeting to be held on 4th October 2013 The shares were issued pending the resolution of a court case and are now no longer required.
The total ordinary shares in issue following both the above events will be 29,284,588.
The Directors of DXS International plc accept responsibility for this announcement.
Contact Information:
David Immelman
Wrecclesham House
Wrecclesham
Farnham
Surrey
GU10 4PS
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