21 March 2012
MediLink-Global UK Limited("MediLink" or "the Company")
HOLDINGS IN COMPANY AND DIRECTOR SHAREHOLDING
The Board of MediLink, the electronic healthcard network
service provider, was notified today of the following
transactions in the share capital of MediLink:
• Asdion Digital Advance System Sdn Bhd ("ADAS"), a
company owned by Asdion Berhad ("Asdion"), sold
8,000,000 ordinary shares of 5p each in the Company
("Ordinary Shares") at a price of 2.2 pence per
Ordinary Share in an off-market transaction (the "ADAS
Share Transaction"). Following the ADAS Share
Transaction, ADAS is interested in 22,464,000 Ordinary Shares
representing
18.58 per cent. of the issued share capital of MediLink. Mr
Yap Tai Tee,
Executive Director of MediLink, is Chief Executive of, and a
substantial shareholder in, Asdion and therefore indirectly
interested in the Ordinary Shares held by ADAS.
• Mr Heah Theare Haw sold 22,000,000 Ordinary Shares in an
off-market transaction (the "Heah Share
Transaction"). Following the Heah Share Transaction, Mr
Heah is interested in 1,262,500 Ordinary Shares
representing
1.04 per cent. of the issued share capital of MediLink. Mr
Heah also has an indirect interest in a further 2,130,953
Ordinary Shares by virtue of being a major shareholder in
both Asdion and ADAS. Mr Heah therefore has a total direct
and indirect interest in 3,393,453 Ordinary Shares equivalent
to 2.81 per cent. of the issued share capital of
MediLink.
• Ms Lei Nga Wan acquired the 30,000,000 Ordinary Shares
pursuant to the ADAS Share Transaction and the Heah Share
Transaction detailed above. Following the acquisition of
shares Ms Wan is interested in 31,700,000 Ordinary Shares
representing 26.22 per cent. of the issued share capital of
MediLink.
The effective date of the above share transactions is 19
March 2012. For further information contact:
Shia Kok Fat, Chief Executive Officer Tel: + 603 2296 3028 http://www.medilink-global.com
Allenby Capital Limited
(Nominated Adviser and Joint Broker) Tel: +44 (0)20 3328
5656
Nick Athanas, James Reeve
(Joint Broker) Tel: +44 (0)20 7776 6550
Antony Legge
distributed by | This press release was issued by Medilink-Global UK Limited and was initially posted at http://www.medilink-global.com/investor-relations/announcements/doc_download/46-holdings-in-company- and-director-shareholding . It was distributed, unedited and unaltered, by noodls on 2012-03-27 19:18:15 PM. The issuer is solely responsible for the accuracy of the information contained therein. |