African Medical Investments PLC Update re. financial position (0018Y)
15 Febbraio 2013 - 12:46PM
UK Regulatory
TIDMAMEI
RNS Number : 0018Y
African Medical Investments PLC
15 February 2013
African Medical Investments plc / Index: AIM / Epic: AMEI /
Sector: Healthcare
15 February 2013
African Medical Investments plc
("African Medical" or the "Company")
Update re. financial position
African Medical Investments plc (AIM:AMEI), the AIM listed
company operating in the African healthcare sector, announces that
the Company is in advanced stages of agreeing a financing solution
with short-listed potential new investors which is needed to secure
its future capital requirements.
In the interim, the Company has secured additional debt funding
to meet its short term working capital requirements.
African Medical Chief Executive Officer, Peter Botha said,
"Whilst working capital remains very tight at the moment, the Board
are working hard and are confident of securing a financing solution
for the benefit of all our shareholders. In addition, we continue
to have the support of Harbinger and are in final discussions to
convert existing loan notes to improve our balance sheet
structure."
Further announcements will be made in due course.
** ENDS **
For further information please visit www.amiplc.com or
contact:
Peter Botha African Medical Investments Tel: +27 833 269 564
Plc
David Foreman Seymour Pierce Tel: +44 (0) 20 7107
8000
Rick Thompson Seymour Pierce Tel: +44 (0) 20 7107
8000
Susie Geliher St Brides Media & Finance Tel: +44 (0) 20 7236
Ltd 1177
Notes
African Medical Investments plc (AIM:AMEI) provides
international standard healthcare through private hospitals across
Africa, targeting the expanding African middle classes and the
expatriate, non-governmental organisations, diplomatic and tourist
markets. The Company currently has hospitals in Dar es Salaam
(Tanzania), Maputo (Mozambique) and Harare (Zimbabwe). Its current
focus is on improving occupancy rates and optimising the space of
these facilities, however expansion remains a longer term focus
either through the construction of new hospitals or investments in
existing facilities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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