Medivac MDV Share Purchase Plan
MEDIVAC LIMITED SHARE PURCHASE PLAN Medivac Limited (the “Company”) has established a new Share Purchase Plan (the “Plan”) and is offering each eligible (subject to conditions) shareholder the opportunity to purchase up to $15,000 of ordinary shares in the Company under the Plan. The Plan offer document will be forwarded to all eligible shareholders next week. The Plan will be on similar terms to the recent placement to sophisticated investors including entities associated with significant shareholders The Copulos Group and Shayden Nominees, and Executive Chairman Paul McPherson. The Plan allows every eligible shareholder to purchase up to $15,000 of ordinary shares in lots of $2,000, $5,000, $10,000 or $15,000. In order to comply with the ASX Listing Rules, any eligible shareholder who participated in the Company's September 2009 Share Purchase Plan ("SPP"), and who wishes to participate in this Plan, will have their eligible dollar amount reduced by the amount invested in the 2009 SPP.
Full details will be provided in the Plan offer document. The Plan is a cost-effective means both for existing investors to increase their holding in the Company and for the Company to raise additional funds to help ensure that it delivers on milestones and objectives. Record Date: The record date for the Plan is Wednesday 14 July 2010. Paul McPherson Executive Chairman
“MDV” MediVac delivers cleaner, safer healthcare solutions. MediVac Technology offers a best practice solution to the handling and remediation of clinical waste. The MetaMizer is an environmentally friendly alternative waste management system for hospitals and quarantine facilities, providing sterile, safe waste disposal on site and reducing waste to landfill by up to 90%. SunnyWipes are a range of powerful hard surface wipes and hand sanitising gels produced with ingredients derived from natural sources. Using green chemistry, SunnyWipes provides a more natural solution for infection control and disinfection on topical skin and non porous hard surfaces. SunnyWipes decrease human and environmental health risks. Media enquiries: Richard Allen Oxygen Financial Public Relations Ph: 03 9915 6341.
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