Medserv plc - Results of Rights Issue

Thursday, January 21st, 2016

On 21 January, Medserv plc announced the results of the Rights Issue.

Excluding the two Majority Shareholders, the Company received Provisional Allotment Letters for 2,022,920 shares out of a total number of 2,500,000 shares, representing a take-up ratio of 80.9%.

Following the Intermediaries Offer which closed last Friday during which a total of 3,334,225 shares were taken up (leaving a balance of 3,040,775 shares), the total amount of rights not taken up amounts to 3,517,904 shares.

These lapsed rights are available for subscription by Intermediaries during a Lapsed Rights Offer at a minimum bid price of €1.50 per share. The Lapsed Rights Offer will open on 22 January and close on 27 January.

It is expected that the allotment and admission to listing of the new shares as part of the Intermediaries Offer, the Rights Issue and the Lapsed Rights will take place on or around 5 February 2016 whilst trading is expected to commence on 8 February.

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