Assignment of Head Office Lease (9859J)
July 07 2011 - 8:10AM
UK Regulatory
TIDMMDY
RNS Number : 9859J
MDY Healthcare PLC
07 July 2011
7 July 2011
MDY Healthcare plc
Assignment of Head Office Lease
MDY Healthcare plc (the "Company"), the strategic investor in
healthcare companies, today announces, as anticipated in the
Company's Half Year results announced on 30 June 2011, that it has
assigned the lease of its head office which has a five year
unexpired term. The Company will pay an exit premium of GBP150,000
(plus VAT) and receive repayment of its existing lease deposit of
GBP114,000, resulting in a net cash outflow of GBP66,000 plus
associated advisory costs in connection with the assignment.
For further information, please contact:
MDY Healthcare plc
Grahame Cook, Chairman +44 (0) 207 647 1800
Zeus Capital Limited (Nomad)
Ross Andrews, Andrew Jones +44 (0) 161 831 1512
Notes for editors:
About MDY Healthcare
MDY Healthcare plc is a sector specialised strategic investing
company quoted on AIM (ticker symbol: MDY). The company seeks to
achieve superior returns for shareholders by investing globally in
companies, both public and private, across the healthcare sector.
The directors have significant operational and investment
experience in the sector.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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