April 24, 2020 / 1:00 AM / a month ago

BRIEF-Ellex Medical Lasers Proposes To Distribute About $61 Million Of Proceeds Of Sale Of Ellex Lasers & Ultrasound Business

April 24 (Reuters) - Ellex Medical Lasers Ltd:

* ELLEX MEDICAL LASERS-PROPOSES TO DISTRIBUTE ABOUT $61 MILLION OF PROCEEDS OF SALE OF ELLEX LASERS & ULTRASOUND BUSINESS TO SHAREHOLDERS

* ELLEX MEDICAL LASERS-PROCEEDS FROM SALE OF BUSINESS TO BE DISTRIBUTED BY WAY OF PAYMENT OF FULLY FRANKED DIVIDEND & CAPITAL RETURN

* ELLEX MEDICAL LASERS-PROPOSED EQUAL CAPITAL REDUCTION OF $41.5 MILLION EQUATES TO ABOUT $0.29 PER SHARE

* ELLEX MEDICAL LASERS-PROPOSED FULLY FRANKED DIVIDEND EQUATES TO $0.14 PER SHARE Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below