MedservRegis Plc

M&A Activity • Jun 25, 2021

COMPANY ANNOUNCEMENT MEDSERV P.L.C. (THE "COMPANY")

Completion of Share for Share Exchange

Date of Announcement	25 June 2021
Reference	244/2021
Listing Rule	LR 5.162

Quote

The Company is pleased to announce that the share for share exchange announced to the market on the 12th April 2021 (ref: 234/2021) and approved by the shareholders in general meeting on the 11 June 2021 (ref: 241/2021) has been completed. The completion of the transaction occurred following the completion of all conditions precedent to closing.

As a result of the acquisition, the Company acquired the entire issued share capital of Regis Holdings Limited, a limited liability company registered under the laws of Mauritius with company registration number 120300 (Regis). In consideration of the acquisition of Regis from DOCOB Limited (DOCOB), the board of directors of the Company resolved to issue 47,893,229 ordinary shares of a nominal value of €0.10c per share and a share premium of €0.58c per share (the Medserv Shares) in favour of DOCOB.

Following the issuance of the shares, the Company shall apply with the Listing Authority for admissibility to listing of the Medserv Shares in accordance with Listing Rule 3.15 and for acceptance by the Listing Authority that the shares in public hands are less than 25% in terms of Listing Rule 3.26. Additionally, the Company shall proceed with delivering for registration the recently approved memorandum and articles of the Company registering the increase in capacity of the board of directors and the change in name of the Company to MedservRegis plc.

Further announcements shall be issued shortly setting out changes to senior management of the Company and its board of directors.

Mr Anthony Diacono, Chairman of the Company stated "The coming together of the two highly specialised management teams of the respective groups will create a very strong asset bringing with them the guarantee of continuity for our clients as most members will be retained. This vital in-depth know-how will continue to generate new business going forward.

This strategic development has been well received by all stakeholders and is seen as a positive development taking place at the right time. I am optimistic that the Company will continue to strengthen its market position across the globe."

Unquote

Laragh Cassar Company Secretary