REG - Integrated Diag Hdgs - Completion of Treasury Shares Removal Process

Integrated Diagnostics HoldingsAnnouncement

18/09/2024 16:15

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RNS Number : 7524E  Integrated Diagnostics Holdings PLC  18 September 2024

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Integrated Diagnostics Holdings plc

 

Completion of Treasury Shares Removal Process

 

18 September 2024

 

Integrated Diagnostics Holdings plc ("IDH" or the "Company") refers to the
Company's announcement on 27 August 2024 (the "Buyback Announcement") in
relation to the share buyback under the Egyptian Exchange's special operations
market (OPR) and the Company's repurchase of 18,673,728 EGX Shares (as defined
in the Buyback Announcement) (the "Repurchased Shares") on 27 August 2024
pursuant to that share buyback.

 

The Company announces that on 17 September 2024 it has successfully completed
the transfer of all repurchased Shares (18,673,728 Shares) to the London Stock
Exchange ("LSE"). The Repurchased Shares will now be held by the Company as
treasury shares (the "Removal Process") on the LSE. With the completion of the
Removal Process, it is important to note that:

 

(a)   the Company now holds 18,673,728 Shares as treasury shares on the LSE
(i.e. the Company did not hold any Shares in treasury prior to the start of
the Removal Process); and

(b)   the Company's issued share capital now comprises a total of
581,326,272 Shares excluding the Shares held in treasury.

 

For further information please contact:

 

Integrated Diagnostics Holdings plc

Tarek Yehia

Investor Relations Director

T: +20 (0)2 3332 1126 | M: +20 10 6882 6678 |    tarek.yehia@idhcorp.com
(mailto:tarek.yehia@idhcorp.com)

 

Company Secretary

Company Matters

IDHLondon@linkgroup.co.uk (mailto:IDHLondon@linkgroup.co.uk)

 

-Ends-

 

About Integrated Diagnostics Holdings (IDH)

 

IDH is a leading diagnostics services provider in the Middle East and Africa
offering a broad range of clinical pathology and radiology tests to patients
in Egypt, Jordan, Nigeria, Sudan and Saudi Arabia. The Group's core
brands include Al Borg, Al Borg Scan and Al Mokhtabar in Egypt, as well as
Biolab (Jordan), Echo-Lab (Nigeria), Ultralab and Al Mokhtabar Sudan (both
in Sudan), and Biolab KSA (Saudi Arabia).  With over 40 years of
experience, a long track record for quality and safety has earned the Company
a trusted reputation, as well as internationally recognised accreditations for
its portfolio of over 3 ,000 diagnostics tests. From its base
of 601 branches as of 31 December 2023, IDH served over 8. 5 million
patients and performed more than 36.1 million tests in 2023.  IDH will
continue to add laboratories through a Hub, Spoke and Spike business model
that provides a scalable platform for efficient expansion.  Beyond organic
growth, the Group targets expansion in appealing markets,
including acquisitions in the Middle Eastern, African, and East Asian
markets where its model is well-suited to capitalise on similar healthcare and
consumer trends and capture a significant share of fragmented markets.  IDH
is a Jersey-registered entity whose Shares are admitted to the equity shares
(transition) category (previously, the standard listing segment) of the
Official List of the UK Financial Conduct Authority and admitted to trading on
the main market for listed securities of the London Stock Exchange since May
2015 (ticker: IDHC).

 

Learn more at idhcorp.com (http://idhcorp.com/) .

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