Sydney, May 16, 2007 AEST (ABN Newswire) - IBA Health Limited (ASX:IBA) Australia's largest ASX listed eHealth company today issued a Prospectus for a renounceable right issue for existing IBA shareholders.
The renounceable rights issue is a key component of the acquisition of the iSOFT Group plc and part of a package of initiatives to provide adequate working capital for the enlarged group of IBA and iSOFT.
IBA released earlier today full details of a Placement, Renounceable Rights Issue, Financing and Debt package.
The renounceable rights issue will be made pursuant to a prospectus which has been lodged with ASIC today and will be dispatched to all eligible shareholders on or about 25 May 2007. Shareholders wishing to take up their entitlement will need to complete an Entitlement and Acceptance Form which will accompany the prospectus. To be eligible to participate in the rights issue, shareholders must be registered holders of shares at the record date (24 May 2007), with registered addresses in Australia, New Zealand, Hong Kong, Oman, United Kingdom and the United States.
This announcement provides a copy of the prospectus that has been lodged with ASIC today. A copy of the Prospectus is available from http://www.ibahealth.com
Contact
Gary Cohen
Executive Chairman
IBA Health Limited
Phone: +61 2 8251 6700
Email: gary.cohen@ibahealth.com
Media
Greg King
Communications and Business Development Director
IBA Health Limited
Phone: +61 413 621 111
Email: greg.king@ibahealth.com
Anthony Tregoning
Managing Director
Financial & Corporate Relations
Phone: +61 2 9235 1666 or +61 407 231 282
Email: a.tregoning@fcr.com.au
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