Mediwatch PLC Joint Venture Dissolved (8929Y)
28 Février 2013 - 11:24AM
UK Regulatory
TIDMMDW
RNS Number : 8929Y
Mediwatch PLC
28 February 2013
Mediwatch plc
Joint Venture Dissolved
28 February 2013
Further to the announcement made on 21 January 2013, after
lengthy negotiations with Genesis Medical Ltd regarding the joint
venture, both parties could not agree on a number of commercial
aspects and the joint venture has been dissolved. Mediwatch plc
("Mediwatch"), has therefore decided to reorganise its UK sales
management and has utilised existing in-house personnel to extend
coverage in the UK without incurring additional overhead costs.
This will enable Mediwatch to prepare for the release of newly
designed products and will give Mediwatch control of the UK market
place.
Enquiries:
Mediwatch plc
+44 (0)1788 547 888
Mark Hughes, Chief Financial Officer & Company Secretary
SP Angel Corporate Finance LLP
+44 (0)20 3463 2260
Ewan Leggat / Laura Littley
This information is provided by RNS
The company news service from the London Stock Exchange
END
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