DXS International plc : Result of Entitlement and Open Offer Thomson Reuters



OPEN OFFER ("the Offer")

The Directors of DXS International, the provider of sector leading expertise in medical software, consultancy and technology, are pleased to announce that the Entitlement and Open Offer has been very well received with demand comfortably exceeding the amount initially made available for investment.  The Offer was made available by City & Merchant Limited.

The Offer was originally intended to raise £372,000 but, given the strong demand for the shares, the Board decided to increase the number of shares available and the Offer was closed on 15th January with just over £433,000 received. The Directors are pleased to welcome all the new shareholders to the Company. The proceeds of the placing will be used to fund significant growth opportunities in the Medical Information arena and develop the Care Pathways available for UK medical specialists.

As a result of the Offer a total of 3,609,406 Ordinary Shares have been issued.  The figure of 32,893,994 may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interests in, or a change to their interest in the Company under the FCA Disclosure and Transparency Rules.

David Immelman, the CEO of DXS International plc said, "I would like to thank both our new and existing investors who have supported the Company by participating in this Placing.  The level of support demonstrates a significant vote of confidence in our business model and prospects.  Progress is being made with the application for the English GP Systems of Choice (GPSoC) Framework which is due to be concluded by 31st March 2014.  I would also like to take this opportunity to thank all of our staff, and in particular the core DXS Team, for their incredible effort in delivering a superlative submission under a very demanding timetable." 

The Directors of DXS International plc accept responsibility for this announcement.

Contact Information:

David Immelman

DXS International plc
Wrecclesham House
GU10 4PS

Tel: 01252 719800

Website: www.dxs-systems.com

Corporate Advisor:

David Papworth

City & Merchant Limited
Salisbury House
29 Finsbury Circus

Tel: 020 7101 7676

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DXS International plc via Globenewswire