TIDMTLY
RNS Number : 7830L
Totally PLC
21 July 2017
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR)
21 July 2017
Totally PLC
("Totally, "the Company" or "the Group")
Statement re: Potential Acquisition and Suspension of Trading on
AIM
Totally plc (AIM: TLY), the provider of a range of services to
the healthcare sector in the UK, today confirms that the Company
has signed heads of terms on a potential acquisition which would
constitute a reverse takeover under rule 14 of the AIM Rules for
Companies. Whilst the Company has entered into an exclusivity
agreement until 30 September 2017 regarding the potential
acquisition, any transaction remains subject to a number of
factors, including completing due diligence and negotiations to the
Company's satisfaction. As such, there can be no certainty that
definitive documentation relating to the proposed reverse takeover
will be entered into or subsequently that the reverse takeover will
complete.
Should the proposed acquisition proceed approval of shareholders
of the Company in a general meeting will be required. As such, a
further announcement with full details of the transaction would be
issued at the appropriate time once binding contracts are entered
into and an admission document published and sent to shareholders
with a notice of general meeting.
In accordance with rule 14 of the AIM Rules for Companies, the
Company's shares will be suspended from trading on AIM with effect
from 1:30 p.m. today. The Company's ordinary shares will remain
suspended until such time as either an admission document is
published or an announcement is released confirming that the
transaction is not proceeding.
The potential acquisition would be consistent with the Company's
strategy, as outlined at the time of its fundraising in February
2017, to create shareholder value through identifying attractive
acquisition opportunities and acting as a consolidator in the
current fragmented UK healthcare industry.
The Company will make further announcements in due course.
ENDS
For further information please contact:
020 3866
Totally plc 3335
Wendy Lawrence, Chief Executive
Bob Holt, Chairman
Allenby Capital Limited (Nominated 020 3328
Adviser & Joint Corporate Broker) 5656
Nick Athanas
Virginia Bull
Richard Short
Cenkos Securities plc (Joint Corporate 020 7397
Broker) 8900
Alex Aylen - Sales
Bobbie Hilliam - Corporate Finance
0776 932
Yellow Jersey PR 5254
Felicity Winkles
Joe Burgess
Notes to Editors
Totally 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
GBP20bn per year for the NHS alone. These services include care in
the community, GP surgeries, patients' homes, prisons and other
public sector organisations, places of work as well as mobile
locations.
The Company is currently engaged in delivering a progressive
'buy and build' consolidation strategy within the UK's fragmented
healthcare market and raised GBP18 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.
www.totallyplc.com
Premier Physical Healthcare - occupational physiotherapy to NHS,
prisons and the police force (acquired April 2016)
A wholly owned subsidiary of Totally, provides a comprehensive
range of treatments and advice for musculoskeletal injuries and
conditions. It delivers physiotherapy and podiatry to NHS patients
and also has contracts with various police forces and prison sites;
as well as providing occupational health and ergonomic services to
corporate clients, such as display screen equipment assessments;
post-injury returns to work suitability assessments; podiatry
treatment; and sports massage services. Totally completed the
acquisition of Premier Physical Healthcare Limited on 1 April
2016.
www.premierphysicalhealthcare.co.uk
About Health Limited - provider of community based dermatology
services and referral management services (acquired June 2016)
A wholly owned subsidiary of Totally 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
Optimum Sports Performance Centre Limited - providing
physiotherapy to private markets (acquired November 2016)
A wholly owned subsidiary of Totally, provides physiotherapy
services in 24 towns across 10 counties in the UK. Optimum has a
talented team of physiotherapists, strength and conditioning
coaches and rehabilitation specialists to assist clients both in
injury recovery and in training to prevent injuries occurring.
Optimum became one of the first physiotherapy providers in the UK
to obtain ISO9001:2008 certification in 2013. Totally completed the
acquisition of Optimum Sports Performance Centre Limited on 14
November 2016.
www.optimumsportsperformance.com
Totally Health - clinical health coaching via B2B model to the
NHS and the private sector
A wholly owned subsidiary of Totally, 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
My Clinical Coach - direct-to-consumer health-coaching service
and a part of Totally Health
It covers all health conditions and is targeted at patients with
either a diagnosed long-term condition or patients who are looking
for support to improve their health. Individuals or their families
can choose to subscribe to the service, which is a personal,
professional, clinically-focused and patient-centered service,
tailored for each individual.
www.myclinicalcoach.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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