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vindon healthcare plc-new (VDNA) Details

Vindon Healthcare plc, together with its subsidiaries, designs, manufactures, and installs a range of standard and customized controlled environment reach-in and walk-in room systems for the pharmaceutical, life sciences, and heritage sectors primarily in Ireland, the United Kingdom, and the United States. Its products and services include environmental rooms and cabinets, disaster recovery management, outsourced stability storage services, photostability cabinets, fridges and freezers, ovens, blood banks, plasma freezers, plant growth cabinets, and incubators, as well as validation, service, and repair. The company also offers controlled environment storage facilities. It provides products and services for the management of temperature, humidity, and light where controlled storage is required. The company is headquartered in Rochdale, the United Kingdom. As of October 2, 2013, Vindon Healthcare Plc operates as a subsidiary of Source BioScience Plc.

65 Employees
Last Reported Date: 05/3/13

vindon healthcare plc-new (VDNA) Top Compensated Officers

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Manufacturing Director and Director
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Compensation as of Fiscal Year 2014.

vindon healthcare plc-new (VDNA) Key Developments

Vindon Healthcare Plc Announces Non-Executive Directors Resignation

The recommended cash offer by Source BioScience to acquire the entire issued and to be issued share capital of Vindon became unconditional in all respects on 17 September 2013. As a result of the Offer for Vindon by Source BioScience, and as anticipated in the Offer Document, the Vindon Healthcare Plc announced the resignation of the two non-executive directors, Richard Hughes and Martin Burrill, with immediate effect.

Source BioScience In Talks To Make An Offer For Vindon

Source BioScience plc (LSE:SBS) is in an advanced stage of discussions with the board of Vindon Healthcare Plc (AIM:VDN) regarding a possible all cash offer (the "Possible Offer") for the entire issued and to be issued share capital of Vindon. The offer would value the entire issued and to be issued share capital of Vindon Healthcare at approximately £12.2 million. Source BioScience has also procured from the director shareholders of Vindon Healthcare irrevocable undertakings to accept the offer. The making of any offer by Source BioScience remains subject to completion and certain other pre-conditions, including but not limited to the unanimous recommendation of such an offer by the directors of Vindon Healthcare, and the arrangement of suitable funds.

Vindon Healthcare Mulls Acquisitions

Vindon Healthcare Plc, which is planning to launch an investment division in order to fund pharmaceutical start-ups, is looking for acquisition opportunities. Chairman of Vindon Healthcare, Liam Ferguson said that the company seeks acquisitions of firms that would broaden its range of services to the pharmaceutical industry. He said, “The UK equipment market has become much more competitive. Prices have come down by around 25% in the last three years and it said existing contracts provided future income of 4.3 million at the end of 2012”.

 

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