Assignment of Head Office Lease (9859J)

TIDMMDY

RNS Number : 9859J

MDY Healthcare PLC

07 July 2011

7 July 2011

MDY Healthcare plc

Assignment of Head Office Lease

MDY Healthcare plc (the "Company"), the strategic investor in healthcare companies, today announces, as anticipated in the Company's Half Year results announced on 30 June 2011, that it has assigned the lease of its head office which has a five year unexpired term. The Company will pay an exit premium of GBP150,000 (plus VAT) and receive repayment of its existing lease deposit of GBP114,000, resulting in a net cash outflow of GBP66,000 plus associated advisory costs in connection with the assignment.

For further information, please contact:

 
 MDY Healthcare plc 
 Grahame Cook, Chairman          +44 (0) 207 647 1800 
 
 Zeus Capital Limited (Nomad) 
 Ross Andrews, Andrew Jones      +44 (0) 161 831 1512

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 have significant operational and investment experience in the sector.

This information is provided by RNS

The company news service from the London Stock Exchange

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