Cancellation of Admission to AIM


 

TIDMMVH 
 
RNS Number : 0701D 
Medic Vision Limited 
25 November 2009 
 

Medic Vision Limited 
("Medic Vision" or the "Company") 
 
 
Statement re Cancellation of Admission to AIM 
 
 
 
 
London, 25 November 2009 
 
 
The Board of Medic Vision announces that it intends to cancel the admission of 
its ordinary shares to trading on the AIM market ("AIM") of the London Stock 
Exchange plc (the "Cancellation"). 
 
 
Medic Vision listed on the official list of the Australian Securities Exchange 
(the "ASX") on 29 May 2002. It subsequently obtained a dual listing on AIM on 16 
November 2005. 
 
 
Given the recent trading and share price performance of the Company, the Board 
has recently undertaken a review of the benefits and disadvantages of the 
Company maintaining a dual listing on AIM, recognising, inter alia, the 
following key factors: 
 
 
  *  the costs associated with maintaining the AIM listing and commensurate public 
  profile; and 
  *  the additional management time, legal and regulatory burdens associated with 
  maintaining the dual listing on AIM. 
 
 
 
Having undertaken this review and in light of the factors set out above, the 
Board has concluded that it is no longer in the best interests of the Company, 
or its shareholders taken as a whole, to maintain a dual listing on AIM. 
 
 
In accordance with Rule 41 of the AIM Rules for Companies, the Company hereby 
gives notice that the Cancellation is expected to become effective at 7.00 a.m. 
(UK time) on 24 December 2009, being 20 business days from the date hereof. The 
Company intends to maintain its listing on the ASX following the 
Cancellation, providing shareholders with a comparable dealing facility via an 
AIM designated market. 
 
 
In light of the Cancellation, the appointment of Strand Hanson Limited and 
Astaire Group Plc, as the Company's Nominated Adviser and Broker respectively, 
will be terminated with effect from the date of Cancellation. 
 
 
For further information contact: 
 
 
+--------------------------------------+---------------------------------------+ 
| Vince Leone                          | Email: vince.leone@medicvision.com.au | 
| Chief Executive Officer & President  |                  Mob: +61 421 054 140 | 
| Medic Vision                         |                                       | 
+--------------------------------------+---------------------------------------+ 
| Stuart Faulkner / David Altberg      |                 Tel: +44 20 7409 3494 | 
| Strand Hanson Limited                |                                       | 
+--------------------------------------+---------------------------------------+ 
| Ruari McGirr                         |                 Tel: +44 20 7628 5582 | 
| Astaire Group Plc                    |                                       | 
+--------------------------------------+---------------------------------------+ 
 
 
Background on Medic Vision Limited 
Medic Vision is a technology based company specialising in the application of 
technology for surgical and medical skills training. Medic Vision provides 
consulting services in the development of skills training centres as well as 
developing and deploying computer-based surgical and medical high fidelity 
simulators. 
See www.medicvision.com.au for more details 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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