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REG - Totally PLC - Notice of GM





 




RNS Number : 6991L
Totally PLC
23 April 2018
 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)

 

23 April 2018

 

Totally plc

 

("Totally", "the Company" or the "Group") 

 

Notice of General Meeting

 

Totally plc (AIM: TLY), the provider of a range of out-of-hospital services to the healthcare sector in the UK, announces that a circular and notice of General Meeting ("Circular") was sent to shareholders on 21 April 2018. 

 

The purpose of the General Meeting is to seek authority from Shareholders for the Company to make market purchases of its own Ordinary Shares. The Company has a stated buy and build expansion strategy in the out-of-hospital healthcare sector, the implementation of which depends upon strong, ongoing support from Shareholders. 

 

The Directors will only exercise the authority to purchase Ordinary Shares where they consider that such purchases will be in the best interests of Shareholders generally. Any market purchase of Ordinary Shares by the Company will therefore be considered, and undertaken, on a case by case basis.

 

If passed, the Resolution gives authority for the Company to purchase up to 5,979,517 of its Ordinary Shares, representing just under 10 per cent. of the Issued Share Capital. The Resolution specifies the minimum and maximum prices which may be paid for any Ordinary Shares purchased under the authority.

 

The Company may either cancel any Ordinary Shares it purchases under the authority granted by the Resolution or transfer them into treasury (and subsequently sell or transfer them out of treasury or cancel them). The Directors currently intend to cancel all shares purchased under the authority granted by the Resolution.

 

The General Meeting will be held on 8 May 2018 at the Company's registered office at Hamilton House, Mabledon Place, London WC1H 9BB at 10.00 a.m.. The Circular will be made available shortly on the Company's website www.totallyplc.com 

 

Wendy Lawrence, CEO of Totally plc, commented: "We remain fully committed and confident in our buy and build strategy which has resulted in the successful completion of four targeted acquisitions since 2016, taking the Group closer to its goal of becoming the leading provider of out-of-hospital care in the UK.

"Having built a strong portfolio of businesses across the healthcare sector, the Group continues to make substantial progress in line with previously announced targets. Furthermore, recent NHS strategy publications focused on the provision of integrated urgent care services have resulted in our pipeline of opportunities being significantly stronger than previously anticipated, confirming that our strategy is the optimal way forward to build market share.

 

"We continue to be highly targeted in our expansion approach in order to ensure we make the right investment decisions and ultimately deliver long-term value to our Shareholders. The Board firmly believes that the Company's shares represent an attractive investment opportunity and, for this reason, considers the option to undertake select purchases of shares to be a suitable method of returning surplus cash to Shareholders without compromising our current strategy."

 

Defined terms used in this announcement shall have the meaning ascribed to them in the Circular.

 

ENDS

 

For further information please contact:

 

Totally plc 

020 3866 3335

Wendy Lawrence, Chief Executive

Bob Holt, Chairman

 


Allenby Capital Limited (Nominated Adviser & Joint Corporate Broker)

020 3328 5656

Nick Athanas

Virginia Bull

Liz Kirchner

 


Cenkos Securities plc (Joint Corporate Broker)

020 7397 8900

Alex Aylen - Sales

Bobbie Hilliam - Corporate Finance

 


Yellow Jersey PR

0776 932 5254

Georgia Colkin

Joe Burgess


 

 

Notes to Editors

Totally plc aims to become a leading 'out-of-hospital' healthcare service provider in the UK, helping to address some of the biggest challenges faced by the UK healthcare sector.

 

By working to deliver preventative and responsive care through its subsidiaries across multiple disciplines, Totally's goal is to improve people's health, reduce healthcare reliance, re-admissions and emergency admissions.

 

Totally, via its subsidiaries, operates within the UK's outsourced healthcare market, estimated to be worth in excess of £20bn per year for the NHS alone. Out-of-Hospital services include care in the community, GP surgeries, patients' homes, prisons and other public sector organisations, places of work as well as mobile locations and urgent care solutions.

 

The Company is currently engaged in delivering a progressive 'buy and build' consolidation strategy within the UK's fragmented healthcare market and raised £18 million in February 2017 to capitalise on the attractive opportunities that its disruptive, outcome-based, outsourced healthcare service model offers, to ultimately deliver value to shareholders as it continues to build critical mass in 2017 and beyond. In October 2017, the Company completed its proposed acquisition of Vocare Limited, a UK urgent care specialist providing services to 9.2 million patients per year, for up to £11.0 million.

www.totallyplc.com 

 

Premier Physical Healthcare and Optimum Physiotherapy - occupational physiotherapy to NHS, prisons and the police force as well as private clients 

Wholly owned subsidiaries of Totally plc, providing a comprehensive range of treatments and advice for musculoskeletal injuries and conditions. The businesses deliver physiotherapy and podiatry to NHS patients, have contracts with various police forces and prison sites and provide occupational health and ergonomic services to corporate and private clients. Totally completed the acquisition of Premier Physical Healthcare Limited on 1 April 2016 and Optimum Sports Performance Centre Limited on 14 November 2016.

www.premierphysicalhealthcare.co.uk

www.optimum-hcs.com 

 

About Health Limited - provider of community based dermatology services and referral management services

A wholly owned subsidiary of Totally plc and a leading provider of dermatology and referral management services to the NHS in the UK. About Health has been providing community based health services under contract to the NHS since 2009 and the company is CQC registered. Totally completed the acquisition of About Health Limited on 15 June 2016. 

www.abouthealthgroup.com 

 

Vocare Limited - leading UK urgent care provider 

A wholly owned subsidiary of Totally plc, the Vocare Group is one of the leading national specialist providers of urgent care services in the country. Headquartered in Newcastle upon Tyne, it provides innovative healthcare services to approximately 9.2 million patients across the UK through urgent care centres, GP out-of-hours services, integrated urgent care centres and the NHS 111 service - working in close collaboration with the NHS and other healthcare providers in local areas nationwide. Totally completed the acquisition of Vocare Limited on 24 October 2017.

www.vocare.org.uk 

 

Totally Health - clinical health coaching via B2B model to the NHS and the private sector as well as D2C health coaching to individuals and families 

A wholly owned subsidiary of Totally plc, provides an innovative model of medically driven, and personalised Clinical Health Coaching to educate patients and give them confidence to self-manage their conditions. The service supports the management of long term conditions in patients such as chronic obstructive pulmonary disease (COPD), diabetes and wider wellness issues such as smoking cessation and obesity management. 

www.totallyhealth.com 

www.myclinicalcoach.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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