Positive Healthcare Plc
ISDX : DOC

January 20, 2016 13:00 ET

Statement re. suspension


Positive Healthcare PLC
Bond issuance

On 5 January 2015 the Company published an Admission Document announcing a placing to raise GBP2,000,000 of
7% Bonds due in January 2021.

As  at  20 January 2016 the Company has only received GBP250,000. In accordance with common practice,  both
the  Company and its ISDX Corporate Adviser Alfred Henry had relied in good faith upon assurances that  the
balance  of  GBP1,750,000 had been raised and relying upon that representation the Company had  issued  the
bonds and sought the Listing on ISDX.

It  has  now become clear to the Company that the placees for GBP1,750,000 bonds had not been found and  it
was left with no alternative but to seek the suspension of trading in its bonds to enable the bond register
to be rectified.

The Company will seek to issue further bonds listed on the ISDX market once this matter has been resolved.

The directors of Positive Healthcare Plc accept responsibility for this announcement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Chris Ledbury - CEO
www.positiveplc.co.uk.
Tel: +44 (0)203 587 7566
Email: chris@positivementalhealth.co.uk


Corporate Advisor
Nick Michaels and Jon Isaacs
Alfred Henry Corporate Finance Limited
www.alfredhenry.com
Tel: +44 (0)207 251 3762


20 January 2015


-  ENDS  -

Contact Information

  • Positive Healthcare Plc