Treasury Stock
June 01 2010 - 2:00AM
UK Regulatory
TIDMAHI
RNS Number : 7728M
Allied Healthcare International Inc
01 June 2010
Allied Healthcare International Inc.
Transfer of treasury stock
Allied Healthcare International Inc. (NASDAQ: AHCI; AIM: AHI) ("Allied" or the
"Company"), a leading provider of flexible healthcare staffing services in the
United Kingdom, announces pursuant to the Company's $10 million stock repurchase
program that it has transferred to treasury common stock of $0.01 each in the
Company as set out below:
+------------------+------------------+
| Date of transfer | Number of shares |
| | transferred into |
| | treasury |
| | |
+------------------+------------------+
| 28 May 2010 | 50,938 |
+------------------+------------------+
Following the above transfer of common stock into treasury, the Company holds
635,693 shares in treasury. The total number of shares in issue (excluding
treasury shares) is 45,085,291.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release may be forward-looking
statements. These forward-looking statements are based on current expectations
and projections about future events. Actual results could differ materially from
those discussed in, or implied by, these forward-looking statements. Factors
that could cause actual results to differ from those implied by the
forward-looking statements include: general economic and market conditions;
Allied's ability to continue to recruit and retain flexible healthcare staff;
Allied's ability to enter into contracts with local government social services
departments, NHS Trusts, hospitals, other healthcare facility clients and
private clients on terms attractive to Allied; the general level of demand for
healthcare and social care; dependence on the proper functioning of Allied's
information systems; the effect of existing or future government regulation of
the healthcare and social care industry, and Allied's ability to comply with
these regulations; the impact of medical malpractice and other claims asserted
against Allied; the effect of regulatory change that may apply to Allied and
that may increase costs and reduce revenues and profitability; Allied's ability
to use net operating loss carry forwards to offset net income; the effect that
fluctuations in foreign currency exchange rates may have on our
dollar-denominated results of operations; and the impairment of goodwill, of
which Allied has a substantial amount on the balance sheet, may have the effect
of decreasing earnings or increasing losses. Other factors that could cause
actual results to differ from those implied by the forward-looking statements in
this press release include those described in Allied's most recently filed SEC
documents, such as its most recent annual report on Form 10-K, all quarterly
reports on Form 10-Q and any current reports on Form 8-K filed since the date of
the last Form 10-K. Allied undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future
events, or otherwise.
Enquiries:
Allied Healthcare International Inc.
Sandy Young
Chief Executive Officer
Paul Weston
Chief Financial Officer
+44 1785 810600
Or
Piper Jaffray Ltd. (Nominated Adviser)
Matthew Flower
Rupert Winckler
+44 20 3142 8700
Or
ICR, LLC
Sherry Bertner
Managing Director
+1 646 277 1200
sherry.bertner@icrinc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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