Rex Bionics seeks back-door listing on London’s AIM exchange in 9.5M pound MedTech deal

Sun, 20 Oct 2013

By Paul McBeth Oct. 21 (BusinessDesk) - Rex Bionics, which builds robotic exoskeletons for wheelchair users, is seeking a backdoor listing on the London Stock Exchange’s growth-orientated AIM market in a deal valuing it at 9.5 million British pounds. London-based Union MedTech, which is listed on the UK’s ICAP Securities and Derivatives Exchange, has agreed to buy Rex Bionics in an all-scrip deal which will leave the New Zealand company holding 96 percent of the new entity. Union MedTech, which currently has about 34 million shares outstand...

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