On 25 June 2021, Medserv plc announced the completion of the share for share exchange with Regis Holdings Limited. The company will now make an application for admissibility to listing of nearly 47.9 million new shares, and for acceptance by the Listing Authority that the free float shares are less than 25% of the total issued share capital. Additionally, Medserv will also proceed with the change of its name to MedservRegis plc.
Commenting on the conclusion of the transaction, Medserv Chairman Mr Anthony Diacono stated that: “The coming together of the two highly specialised management teams of the respective Groups will create a very strong asset bringing with them the guarantee of continuity for our clients as most members will be retained. This vital in-depth know-how will continue to generate new business going forward. This strategic development has been well received by all stakeholders and is seen as a positive development taking place at the right time. I am optimistic that the Company will continue to strengthen its market position across the globe.”