Business
Possible Offer
Possible Offer.
About this update from Advanced Medical Solutions Group Plc
[{"type":"text","content":"\n RNS Number : 7744H Advanced Medical Solutions Grp PLC 26 February 2010 \n \n\n\n\n\n\nFor immediate release\n\n\n26 February 2010\n\n\n\n\n \n \nAdvanced Medical Solutions Group plc\n(\"AMS\" or the \"Company\")\n \nStatement re. Possible Offer\n \nThe Board of Advanced Medical Solutions Group plc notes the recent announcement by Consort Medical Plc (\"Consort\") confirming that it has made an approach for AMS which may or may not lead to an offer being made for AMS. \n \nThe Board of AMS can confirm that it did receive an approach with a subsequent verbal indication of a possible price to be offered. The Board of AMS and Investec confirm that they firmly rejected this approach. Since rejecting this verbal indication the Board of AMS has not received a revised approach nor to date has it received any formal written offer from Consort.\n \nThe Board of AMS advises shareholders to take no action at this stage. Further announcements will be made as appropriate.\n \nEnquiries:\n \n\n\n\n\nAdvanced Medical Solutions Group plc\nDr. Don Evans, Chief Executive Officer\n \n\n\n+44 (0) 1606 545 508\n\n\n\n\nInvestec Bank plc (Nominated Adviser)\nGary Clarence\nDaniel Adams\n \n\n\n+44 (0) 20 7597 5970\n\n\n\n\nBuchanan Communications\nMark Court\nStasa Filipic\n \n\n\n+44 (0) 20 7466 5000\n\n\n\n\n \n \n \nPursuant to Rule 2.10 of the City Code on Mergers and Acquisitions (the \"Code\"), AMS confirms that it has 145,016,366 ordinary shares of 5p each (\"Ordinary Shares\"), in issue and admitted to trading on the AIM market of the London Stock Exchange.\n \nDealing Disclosure Requirements\n \nDealing Disclosure Requirements under the provisions of Rule 8.3 of the Code, require that if any person is, or becomes, \"interested\" (directly or indirectly) in 1% or more of any class of \"relevant securities\" of AMS, all \"dealings\" in any \"relevant securities\" of that company (including by means of an option in respect of, or a derivative referenced to, any such \"relevant securities\"), it must be publicly disclosed by no later than 3.30p.m. (London time) on the London business day following the date of the relevant transaction.\n \nThis requirement will continue until the date on which the offer becomes, or is declared, unconditional t...