On 29 September 2006 Medserv plc’s two shareholders, M.O.H. Ltd. and Malampaya Investments Ltd., announced the offering to the public through intermediaries of 2,500,000 shares in Medserv plc at a price of Lm1.30 per share.
The offer opens on Monday 16 October and closes on Friday 20 October or earlier at the Offerors’ discretion. Medserv’s 10,000,000 ordinary shares are expected to be admitted to the Official List of the Malta Stock Exchange on 23 October.
The principal activities of the Medserv Group, through the operating company Medserv Operations Ltd., consist of providing services and support to the offshore Oil and Gas Industry operating mainly in the Mediterranean basin with a focus on the industry’s activities in North Africa. The Group’s niche market is mainly offshore activity and support to rigs and production platforms operating offshore in the Mediterranean region.
The prospectus issued by Medserv plc in connection with this IPO is available for download.