MDY Healthcare to return cash to shareholders

Investment firm MDY Healthcare is planning to make a return of 52p per ordinary share to shareholders, as a result of funds received from realisation of the Medivance investment.

Investment firm MDY Healthcare is planning to make a return of 52p per ordinary share to shareholders, as a result of funds received from realisation of the Medivance investment.

The funds gave the firm a much-needed boost, returning pre-tax profits to the black despite falling revenues during the year ended September 30th.

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