MDY Mdy Healthcare

TIDMMDY

RNS Number : 0532Y

MDY Healthcare PLC

16 December 2010

MDY Healthcare plc

Issue of new shares

16 December 2010: MDY Healthcare plc ("MDY Healthcare" or the "Company") the strategic investor in healthcare companies, today announces that it has raised GBP150,000 through a subscription of new ordinary shares by Bronsstadet AB ("Bronsstadet"), a company wholly owned by Mr Peter Gyllenhammar and one of MDY Healthcare's existing major shareholders.

At a board meeting on 15 December 2010, a total of 810,810 new ordinary shares of 1 pence each (the "Subscription Shares"), representing 4.75% of the Company's enlarged issued ordinary share capital, were allotted to Bronsstadet for cash, subject to Admission, at a price of 18.5 pence per share, being the mid price of an ordinary share of the Company at the close of business on 14 December 2010. Application has been made to the London Stock Exchange for admission of the Subscription Shares to trading on AIM with admission expected to occur on 21 December 2010. Following Admission, Peter Gyllenhammar will be interested in a total of 4,846,933 ordinary shares in the Company, representing 28.37% of the Company's issued ordinary shares and the Company's issued ordinary share capital will comprise a total of 17,082,486 ordinary shares.

For further information, please contact:

 
 MDY Healthcare plc 
 Grahame Cook, Chairman            +44 (0) 207 647 1800 
 
 Financial Dynamics 
 Ben Atwell, Susan Quigley         +44 (0) 207 831 3113 
 
 Brewin Dolphin Limited (Nomad) 
 Matt Davis                        +44 (0) 845 213 1000 
 

Notes for editors:

About MDY Healthcare

MDY Healthcare plc is a sector specialised strategic investing company quoted on AIM (ticker symbol: MDY). The company seeks to achieve superior returns for shareholders by investing globally in companies, both public and private, across the healthcare sector. The directors and executive have significant operational and investment experience in the sector and therefore the ability to identify and review a wide range of potential investments.

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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