News blog

Avia Health Informatics

• BY: Andrew Hore |
• POSTED: 16/07/2013 |

Avia Health Informatics plans to demerge its healthcare IT software business into a private company and turn itself into a shell.

A third party, which is undertaking due diligence, will make a capital injection into the shell. Avia’s board believes that these plans are the only way of retaining some value for shareholders. If they do not go ahead then an administrator is likely to be appointed.

Avia shareholders will have to vote on any deal. Advanced Computer Software holds a £350,000 convertible loan to Avia that is secured by a fixed and floating charge over Avia’s assets so it may have some say in the proposals.

At the suspension price of 7.25p a share, Avia is valued at £470,000.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJuly2013_46.pdf