28th Jun 2010 07:00
28 June 2010 Avia Health Informatics Plc ("Avia" or "the Company") Subscription to raise £200,000
Avia is pleased to announce that it has raised £200,000 by way of a subscription ("the Subscription") of 333,334 new ordinary shares at 60p per share ("the Subscription Shares") by institutional investors introduced to it by Merchant John East Securities Limited, the Company's nominated adviser and broker.
Following the Subscription, the Company will have 5,283,583 ordinary shares in issue.
The net proceeds of the Subscription, amounting to approximately £190,000, will be applied primarily to continue development work on the Company's roll out of its mobile clinical decision support software products and to complete the development of specific touch-screen applications.
Application has been made to the London Stock Exchange for the Subscription Shares to be admitted to trading on AIM. Trading in the Subscription Shares is expected to commence on AIM on 1 July 2010.
Commenting today, Chairman, Barry Giddings said:
"We are very pleased to have raised this money which supplements the Company's existing cash resources and enables us to carry out the mobile software product development without altering our existing work programmes. We are confident the development of the mobile software products for use on touch-screen devices with their tailored content for different user markets within all parts of the world, will help support Plain's international development strategy via its International Partnership Programme and bring more reseller and direct clients through to the company."
For more information on the Odyssey products please visit www.plain.co.uk
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Enquiries:
Avia Health Informatics Plc Barry Giddings, Chairman 07770 747 818 Merchant John East Securities Limited (Nominated Adviser and Broker) Simon Clements/Bidhi Bhoma 020 7628 2200
Notes to editors
Avia Health Informatics Plc was admitted to trading on AIM on 16 November 2009 having completed a reverse takeover of The Plain Software Company Limited ("Plain").
It is Avia's intention to grow the business both organically and by acquisition. Through its subsidiary, Plain Healthcare Limited, Avia produces a range of clinical decision support products under the Odyssey brand:
* Odyssey TeleAssess which supports telephone triage by nurses and the provision of up-to-date self-care advice; is also used to manage demand for clinical services in an efficient manner. Used by GP out of hours services, GP surgeries in-hours, ambulance trusts and the MoD. * Odyssey FaceToFace is used by nurse-led clinics such as NHS Walk-in Centres, GP-led Health Centres, Polyclinics, primary care centres and practices staffed by varying nurse grades. * Odyssey Reception is utilised by non-clinical staff to prioritise patient queues and identify potential emergencies quickly and safely. It may be used by receptionists throughout primary care services. * Odyssey eCover allows health managers to commission health workers to work from home to provide emergency cover when needed. Securely held on N3 servers, its sophisticated security system allows access via domestic broadband. * Odyssey FirstAssess is specifically for use in the Prison service and secure environments to help improve healthcare in these challenging environments. * Odyssey SelfAssess is being developed to allow patients to self-assess their symptoms prior to consultation with clinical services Odyssey products interact with leading patient administration systems and other key systems used by the NHS. * Odyssey ParaMedic initially trialled to empower paramedics to make safe assessments of elderly patients that have fallen.
vendorRelated Shares:
CTFA.L