Loan Note Instrument (7222B)
20 Abril 2012 - 1:00AM
UK Regulatory
TIDMAMEI
RNS Number : 7222B
African Medical Investments PLC
20 April 2012
African Medical Investments plc / Index: AIM / Epic: AMEI /
Sector: Healthcare
20 April 2012
African Medical Investments plc ('African Medical' or 'the
Company')
Loan Note Instrument
African Medical Investments plc, the AIM listed company
operating in the African healthcare sector, announces that the
Company has raised US$375,000 by way of a subscription for loan
notes (the 'Loan Notes') by Harbinger Capital Partners Master Fund
I, Ltd ('Harbinger') under a newly constituted loan note
instrument.
The funds raised will be used to provide additional working
capital which will be employed to consolidate the Company's
position as a leading provider of high quality healthcare through
private hospitals in Africa.
The Loan Notes, which are unsecured, carry an 18% per annum
coupon (compounded annually) which is repayable with the principal.
The Loan Notes are repayable, at the latest, on 2 February 2016, or
earlier in other limited circumstances including certain events of
default. The Loan Notes may also be repaid at any time at the
discretion of the Company.
As Harbinger is a substantial shareholder in African Medical,
the issue of the Loan Notes constitutes a related party transaction
under the AIM Rules for Companies. The Board, other than Joseph
Cleverdon and Altaf Mackeen, the Harbinger nominated directors,
having consulted with Seymour Pierce Limited, the Company's
nominated adviser, consider the terms of the Loan Notes to be fair
and reasonable insofar as shareholders are concerned.
** ENDS **
For further information please visit www.amiplc.com or
contact:
Peter Botha African Medical Investments Plc Tel: +44 (0) 20 7408 9200
Jonathan Wright Seymour Pierce Ltd Tel: +44 (0) 20 7107 8000
David Foreman Seymour Pierce Ltd Tel: +44 (0) 20 7107 8000
David Hart Daniel Stewart & Company Plc Tel: +44 (0) 20 7776 6550
Martin Lampshire Daniel Stewart & Company Plc Tel: +44 (0) 20 7776 6550
Hugo de Salis St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Susie Geliher St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Notes
African Medical Investments plc (AIM: AMEI) provides
international standard healthcare through private hospitals across
Africa, targeting the expanding African middle classes and the
expatriate, non-governmental organisations, diplomatic and tourist
markets. The Company owns and operates private hospitals in Dar es
Salaam, Maputo and Harare. Its current focus is on improving
occupancy rates and optimising the space of these facilities,
however expansion remains a longer term focus either through the
construction of new hospitals or investments in existing
facilities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAELNFSFAEAF
African Med (LSE:AMEI)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
African Med (LSE:AMEI)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
