April 11, 2012 10:21 ET

Issue of Equity


Issue of equity

DHAIS  Plc  ("DHAIS" or the "Company") (PLUS: DHAP), a UK leader in the marketing and retailing of  hearing
and  mobility  products, announces that as contemplated in the announcement of its recent interim  results,
certain major loan holders have now converted some of their loans to shares.

As a result 2,909,092 shares have been issued at the mid-market price of 27.5 pence. The proceeds have been
utilised to repay debts amounting to GBP800,000, reducing group debt substantially.

Of the new shares issued, the following were issued to directors of the Company, the proceeds being used to
repay debt to one of their personal companies:-

                                                                            M Moss            A Kiddy
Number of shares issued at 27.5p                                         1,090,909            363,637
                                                                        ==========         ==========

Shares held after the new issue                                         17,707,967         11,115,851
                                                                        ==========         ========== 

Percentage of total shares in issue                                          29.8%              18.7%
                                                                        ==========         ========== 

The Company now has 59,540,247 shares in issue.

The Directors of the Issuer accept responsibility for this announcement.


Amin Kiddy
Director, DHAIS Plc
Tel:  +44 (0) 2920 666888

Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel:  +44 (0) 20 7251 3762

11 April 2012


Contact Information

  • DHAIS plc