Pulse Health Limited
Pulse Health Limited (ASX: PHG) was listed on the Australian Stock Exchange in 2003. Pulse Health’s focus is to be positioned in the private health sector as an integrated health services provider with operations encompassing private hospitals, day surgeries and community home care, and recruitment agencies. The Company currently owns four private hospitals and a number of community care facilities on the east coast of Australia
Growth will be driven by acquisitions, facilities and service expansion, and integration and operating synergies. Pulse plans to build company with a portfolio of assets delivering around $100million in annualized revenues.
Pulse Health increases placement to satisfy demand
Pulse Health (ASX: PHG) has increased the recently announced placement to $3.5 million due to demand from institutional and sophisticated investors.
Shares were placed at 6 cents per share.
Major shareholder Wyllie Group Pty Ltd, has increased its strategic stake in Pulse, investing approximately $950,000 in the $3.5 million placement.
As announced on 28 October 2009, holders of convertible loan notes which were convertible at 10 cents were given the option to convert their CLN’s early at 6 cents.
Shareholders approved this change in conversion price at the AGM held on 26th November 2009.
In total $560,000 of convertible notes have been converted early into 9,333,333 shares. The remaining $265,000 of convertible notes will continue on the same terms as they were issued and are convertible on or before 30 June 2010 at 10 cents.
As approved by shareholders at today’s AGM, a related party of Andrew Gregory, a director of the company, has elected to convert their holding of $200,000 convertible notes into ordinary shares in Pulse.
Other Pulse Health Limited articles
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26/02/10 Pulse Health rings in positive changes for 2010
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26/11/09 Pulse Health looks at mergers & acquisition to fuel growth in 2010
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28/10/09 Pulse Health intends to raise $5m
Other Pulse Health Limited news
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04/12/09 Pulse Health closes Share Purchase Plan oversubscribed
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03/12/09 Pulse Health completes placement to sophisticated investors
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10/11/09 Pulse Health appoints new CFO
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09/11/09 Pulse Health offers SPP to shareholders
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04/11/09 Pulse Health secures funding, to offer SPP to shareholders









