Additional infomation about the Secured Convertible Loan Note (SCLN)
MDX CLN
Secured Convertible Loan Note (SCLN) Additional Information
Summary from Shareholder Meeting on 4th April 2009
Principal Sum: Min 6M Max 12M
Unit subscription price: 2,500 (funds in escrow until minimum
received)
4.5% coupon term 2 years paid annually can be cash or added
to conversion
Convertible at 10p per share, subject to approval at a meeting of
the members
Secured against all assets; agreement to subordinate to bank for
any working capital facility
Security to be held by Trustee on behalf of SCLN Holders
Expected closing date: April 30th 2009
More details on SCLN Application Process
Full details of the Application Process will be provided in a letter that
will accompany the SCLN.
As soon as the final SCLN document has been completed, it will be
available on the Company website. A copy will also be emailed to:-
1. All shareholders who have contacted the company requesting
information about the SCLN.
2. Shareholders listed on the Share Register who have not
contacted the Company.
3. The Brokers who hold shares in nominee accounts on behalf of
individual shareholders.