Investor News
Trading and IUL integration update
MedaPhor Group plc (AIM: MED), the intelligent ultrasound software and simulation company, announces an update on trading and the integration of the artificial intelligence business, Intelligent Ultrasound Limited (“IUL”), which was acquired by the Company in October 2017. Trading update The Company can confirm that Group turnover for the year to 31 December 2017, which was generated entirely by the Group’s simulation businesses, is expected to grow by 27% to £4.2m (2016: £3.3m). The loss for the year before tax, share based payment charges and amortisation arising on the acquisition of intangible fixed assets acquired with IUL, is expected to [...]
Innovate UK grant award
Conditional award to fund development of virtual reality aid for ultrasound-guided needling MedaPhor Group plc (AIM: MED), the intelligent ultrasound software and simulation company, announces that it had been awarded a conditional grant offer from Innovate UK to fund the development of a new augmented reality imaging device to improve ultrasound-guided needling. The grant of £464,000, which is conditional on a financial review by Innovate UK, was awarded as part of Innovate UK’s Digital Health Technology Catalyst competition. The grant will part-fund the development of MedaPhor’s NeedleGuideTM product, which the Company believes has the potential to revolutionise interventional ultrasound-guided needling. [...]
Director appointment
MedaPhor Group plc (AIM: MED), the intelligent ultrasound software and simulation company, announces the appointment of Andrew Charles Barker as a Non-Executive Director effective immediately. Upon joining, Andrew will succeed David Baynes as Chairman of the Remuneration Committee, while David will retain the Chairmanship of the Company’s Audit Committee. Andrew, 59, has over 30 years’ experience in senior management of technology and software businesses and in venture capital, having been involved in the early stages of internet computing with Sun Microsystems in Silicon Valley, later going on to help build Intel’s venture arm in the UK. He is an experienced [...]
TR-1: Standard form for notification of major holdings
View or download here: Holdings in Company 18 October 2017
TR-1: Standard form for notification of major holdings
Holdings in Company - Miton [9 October 2017] Holdings in Company - Polar Capital LLP [9 October 2017] Holdings in Company - Rathbone Investment Management Ltd [10 October 2017] Holdings in Company - IP Group [11 October 2017]
Completion of acquisition total voting rights director/PDMR shareholding
MedaPhor Group plc (AIM: MED), the intelligent ultrasound software and simulation company, announces that following admission today of 56,477,285 new ordinary shares of 1 pence each (“Ordinary Shares”) relating to the placing to raise approximately £5.5 million and the Company’s proposed acquisition of Intelligent Ultrasound Limited for a total consideration of up to £3.6 million, both the placing and the acquisition have completed. Full announcement is available here.
Result of general meeting
MedaPhor Group plc (AIM: MED), the intelligent ultrasound software and simulation company, announces that at the General Meeting held earlier today all resolutions proposed were duly passed by shareholders. Full announcement is available here.
TR-1: Standard form for notification of major holdings
MED-TR-1-CANACCORD-GENUITY-GROUP-INC-21.09.17
Multi-system contract awarded at Mohawk College in Canada
MedaPhor Group plc (AIM: MED), the global provider of advanced ultrasound training simulators for medical professionals, has won a multi-system ScanTrainer and HeartWorks contract at Mohawk College in Canada. The college, which runs the largest sonography programme in Canada and which had already purchased two ScanTrainer systems in 2014, is installing a further two ScanTrainers and two HeartWorks systems into its new simulation facility. Based at the college's Centre for Health Care Simulation, a new educational and training facility built in collaboration with McMaster University, the simulators will be embedded into the general sonography and cardiac imaging curricula to offer [...]
Acquisition and placing
This announcement contains inside information which, prior to its disclosure, was inside information for the purposes of the Market Abuse Regulation (Article 7 of Regulation (EU) No 596/2014. Acquisition of deep-learning image analysis company, Intelligent Ultrasound, for up to £3.6m & Placing to raise £5.5m MedaPhor Group plc (AIM: MED), the global provider of advanced ultrasound skills training simulators for medical professionals, announces its intention to acquire Intelligent Ultrasound Limited (“Intelligent Ultrasound” or “IUL”), a University of Oxford spin-out company that develops image analysis software for ultrasound, for up to £3.6m and that it is has conditionally raised £5.5m before costs to finance the [...]