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Notice of Proceedings

Date : 02/29/2012 @ 2:01AM
Source : UK Regulatory (RNS & others)
Stock : Healthcare Loc (HLO)
Quote : 0.75  0.0 (0.00%) @ 12:00AM
Healthcare Locums share price Chart

Notice of Proceedings

TIDMHLO

RNS Number : 3226Y

Healthcare Locums PLC

29 February 2012

Healthcare Locums plc

("HCL" or the "Company")

Notice of Proceedings

It has come to the attention of the Board of Healthcare Locums plc that proceedings have been filed against Healthcare Locums plc, Kathleen V Bleasdale, Diane Jarvis and Alan Walker (all being previous directors of Healthcare Locums plc) in the United States District Court for the Southern District of New York.

The proceedings have been filed by Permian Master Fund, LP; Permian Investments Partners, LP; Arundel Capital LLC; Arundel Long Fund LP; Arundel Hedge Fund LP; Privet Capital, LLC and Flinn Investments, LLC. The Summons and Complaint allege that Healthcare Locums plc and the named former directors made misrepresentations during 2010 concerning the Company's profitability and its accounting practices. The Summons and Complaint have not as yet been served on Healthcare Locums plc. However, the Company is taking legal advice and will update shareholders as and when appropriate.

Ends

For further information please contact:

Healthcare Locums plc

Stephen Burke, Chief Executive Officer

020 7451 1451

Investec Bank plc

Gary Clarence/Patrick Robb/Daniel Adams

020 7597 5970

Pelham Bell Pottinger

David Rydell/Emma Kent/Duncan Mayall/Charlotte Offredi

020 7861 3232

This information is provided by RNS

The company news service from the London Stock Exchange

END

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