TIDMAMEI

RNS Number : 1096L

African Medical Investments PLC

07 August 2013

African Medical Investments plc / Index: AIM / Epic: AMEI / Sector: Healthcare

7 August 2013

African Medical Investments plc ('African Medical' or 'the Company')

Temporary Suspension of Trading Pending Publication of Accounts

African Medical Investments plc (AIM:AMEI), the AIM listed company operating in the African healthcare sector, announces that the Company will not be able to publish its Report and Accounts for the year ended 28 February 2013 (the "Accounts") until, inter alia, the successful completion of a transaction involving the disposal or re-financing of its Maputo property thereby enabling the auditors to conclude their audit. Therefore, the Company is not in a position to publish the Accounts by 31 August 2013, as required by the AIM Rules and trading of the Company's ordinary shares on the AIM Market of the London Stock Exchange will be suspended with effect from today, pending publication of the Accounts.

African Medical Chief Executive Officer, Peter Botha said, "Whilst the Company has received offers for the Maputo property, the Board do not consider these to represent fair value. Accordingly, the Board wish to continue negotiating with interested parties, with the consequence that following a transaction being successfully completed, our Accounts can be published."

** ENDS **

For further information please visit www.amiplc.com or contact:

 
 Peter Botha     African Medical Investments   Tel: +27 833 269 564 
                  Plc 
 David Foreman   Cantor Fitzgerald Europe      Tel: +44 (0) 20 7894 
                                                7000 
 Rick Thompson   Cantor Fitzgerald Europe      Tel: +44 (0) 20 7894 
                                                7000 
 Susie Geliher   St Brides Media & Finance     Tel: +44 (0) 20 7236 
                  Ltd                           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 currently has hospitals in Dar es Salaam (Tanzania), Maputo (Mozambique) and Harare (Zimbabwe). 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

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