TIDMTLY
RNS Number : 3614S
Totally PLC
05 November 2019
5 November 2019
Totally plc
("Totally", "the Company" or "the Group")
Capital Reduction Effective
Totally (AIM : TLY), the provider of a range of out-of-hospital
services to the healthcare sector in the UK, announces that the
High Court has confirmed the cancellation of the balance standing
to the credit of the Company's share premium account (the "Capital
Reduction"). Following approval by shareholders, confirmation by
the High Court and the subsequent registration of the Court order
confirming the Capital Reduction by the Registrar of Companies, the
Capital Reduction has now become effective.
As a consequence of the Capital Reduction, GBP16.41 million
standing to the credit of the Company's share premium account has
been cancelled thereby creating distributable reserves which will
allow the Company to pay dividends or make distributions to its
shareholders and/or undertake a buyback of its ordinary shares in
due course, should it be appropriate or desirable to do so.
The Board intends to announce details of an interim dividend at
the time of the Company's interim results which are expected to be
announced on 6 November 2019.
The Capital Reduction has no effect on the overall net asset
position of the Company.
Details of the Capital Reduction proposals were contained in the
notice of general meeting dated 27 September 2019 and were approved
by shareholders at the general meeting held on 15 October 2019.
For further information please contact:
Totally plc 020 3866 3335
Wendy Lawrence, Chief Executive
Bob Holt, Chairman
Allenby Capital Limited (Nominated Adviser
& Joint Corporate Broker) 020 3328 5656
Nick Athanas
Liz Kirchner
Canaccord Genuity Limited (Joint Corporate
Broker) 020 7523 8000
Bobbie Hilliam
Alex Aylen
Yellow Jersey PR 020 3004 9512
Georgia Colkin
Joe Burgess
Notes to Editors
Totally plc aims to become a leading out of hospital healthcare
service provider in the UK, helping to address some of the biggest
challenges faced by the UK healthcare sector.
By working to deliver preventative and responsive care through
its subsidiaries across multiple disciplines, Totally's goal is to
improve people's health, reduce healthcare reliance, re-admissions
and emergency admissions.
Totally, via its subsidiaries, operates within the UK's
outsourced healthcare market, estimated to be worth in excess of
GBP20bn per year for the NHS alone. Out of hospital services
include care in the community, GP surgeries, patients' homes,
prisons and other public sector organisations, places of work as
well as mobile locations and urgent care solutions.
The Company is currently engaged in delivering a progressive buy
and build consolidation strategy within the UK's fragmented
healthcare market and looks to further capitalise on the attractive
opportunities that its disruptive, outcome-based, outsourced
healthcare service model offers, to ultimately deliver value to
shareholders as it continues to build critical mass.
www.totallyplc.com
Premier Physical Healthcare and Optimum Physiotherapy -
occupational physiotherapy to NHS, prisons and the police force as
well as private clients
Wholly owned subsidiaries of Totally plc, providing a
comprehensive range of treatments and advice for musculoskeletal
injuries and conditions. The businesses deliver physiotherapy and
podiatry to NHS patients, have contracts with various police forces
and prison sites and provide occupational health and ergonomic
services to corporate and private clients. Totally completed the
acquisition of Premier Physical Healthcare Limited on 1 April 2016
and Optimum Sports Performance Centre Limited on 14 November
2016.
www.premierphysicalhealthcare.co.uk
www.optimum-hcs.com
About Health Limited - provider of community based dermatology
services and referral management services
A wholly owned subsidiary of Totally plc and a leading provider
of dermatology and referral management services to the NHS in the
UK. About Health has been providing community based health services
under contract to the NHS since 2009 and the company is CQC
registered. Totally completed the acquisition of About Health
Limited on 15 June 2016.
www.abouthealthgroup.com
Vocare Limited - leading UK urgent care provider
A wholly owned subsidiary of Totally plc, the Vocare Group is
one of the leading national specialist providers of urgent care
services in the country. Headquartered in Newcastle upon Tyne, it
provides innovative healthcare services to approximately 9.2
million patients across the UK through urgent care centres, GP
out-of-hours services, integrated urgent care centres and the NHS
111 service - working in close collaboration with the NHS and other
healthcare providers in local areas nationwide. Totally completed
the acquisition of Vocare Limited on 24 October 2017.
www.vocare.org.uk
Greenbrook Healthcare - leading provider of NHS urgent care
centres
A wholly owned subsidiary of Totally plc, Greenbrook Healthcare
is an innovative primary care organisation caring for NHS patients
across London and the home counties. The business delivers services
for NHS patients in a growing number of GP Practices, Walk-in
Centres, Urgent Care Centres and community services. Totally
completed the acquisition of Greenbrook Healthcare on 20 June
2019.
www.greenbrook.nhs.uk
Totally Healthcare - provider of insourcing to reduce hospital
waiting lists
A wholly owned subsidiary of Totally plc, Totally Healthcare
provides bespoke insourcing solutions to cut patient waiting times
across the UK and Ireland. Hospitals subcontract medical
services/procedures to Totally Healthcare's practitioners who
utilise spare capacity within the host hospitals - using their
premises and equipment for service delivery to reduce waiting
lists. Totally Healthcare works across specialties such as
endoscopy, ophthalmology, ear nose and throat (ENT), orthopaedics,
urology and plastics with activities including diagnostics,
day-case surgery and outpatient activity.
www.totallyhealthcarelimited.com
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END
MSCUGGUGGUPBGAA
(END) Dow Jones Newswires
November 05, 2019 10:13 ET (15:13 GMT)
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