Ann: ALC acquires ExtraMed, completes placement and announces SPP, page-26

Kates comments on the zoom preso just now on working with Hitachi Consulting are very very encouraging. Clearly they want Hitachi to open further doors, and that could be to other markets outside UK. Rest of Europe has to be a target and I wonder about Canada.

There are clearly many doors opening now and this Company is on a tear, with solid management. Gaining critical mass is going to be key and this becomes more and more valuable as the growth continues. Also puts ALC up as a takeover target itself, though probably years down the line once things are bedded in.

License extensions, add ons etc all happening

Strong interest in capital raise. Q on raising capital now - looked at growth strategy ahead of us and wanted to have funds to grow. Not the only possible acquisition they may make. Open to more . Need capital to have ability to move.

I get the feeling there are others being looked at.

Extramed sold by private equity who owned it. ALC approached Extramed.

Another good preso.