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Company News
30 May 208
SEXUAL HEALTH GROUP PLC
PLUS Symbol: SHGP
Corporate Update
The Board of Sexual Health Group plc (“Sexual Health Group” or “the Company”), a national supplier of sexual health, patient hygiene and diagnostic products to customers including the NHS, announces that the proposed placing of new ordinary shares to raise up to GBP3,500,000 announced on 9 April 2008 has not reached the minimum placing amount of GBP2,500,000. The directors of Sexual Health Group consider that this is due to current market conditions in the financial markets. As a result the proposed acquisition of Pasante Healthcare Ltd (“Pasante”) announced on 9 April 2008, which was conditional on completion of the placing, will not proceed.
Sexual Health Group and Pasante will remain as independent and unconnected competitors under their current respective ownerships.
Sexual Health Group takes this opportunity to report that trading in the year to 31 March 2008 was in line with expectations and management figures show turnover since the year end at a level in excess of the comparable period last year.
The preliminary statement of the annual results of Sexual Health Group for the year ended 31 March 2008 is expected to be issued in July.
he Directors of the Issuer accept responsibility for this announcement.
Enquiries:
Sexual Health Group Plc
John French, Chairman Mobile: 07836 722 482
Bishopsgate Communications Ltd. Tel: 020 7562 3367
Dominic Barretto / Jenni Herbert
Nexus Corporate Finance Ltd Tel: 020 7451 7050
Tony Brown, Director
Notes to Editors:
Sexual Health Group Plc is a national supplier of sexual health, patient hygiene and diagnostic products. The company presently supplies condoms and sexual lubricants to the UK National Health Service (NHS). Its aim is to supply innovative solutions to current sexual health issues by studying current trends and working alongside leading professionals who also work within sexual health.
The company is committed to developing and marketing high quality brands and products that will benefit health professionals and consumers alike in many areas of sexual health. The first of these product areas is condoms where the Group has established its own brand Condomania® that has already achieved a significant share of the NHS business.
The Group is ISO registered, and principally operates within the United Kingdom, but has some overseas sales.
For further information on Sexual Health Group please visit
www.sexualhealthgroup.com
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