1Market UpdateSydney Friday 25th June iSOFT Group Limited (ASX:...

1
Market Update
Sydney Friday 25th June iSOFT Group Limited (ASX: ISF) On the 2nd June, 2010 the Company released revised guidance for the fiscal year ending 30 June 2010.
Share sales by the Chief Executive Officer have been announced in recent days and attached is a letter from the Chief Executive Officer Gary M Cohen in relation to this activity.
The Company is not aware of any other explanation for the volatility and change in share price.
End of release
For further information contact:
Gary Cohen Simon Winston Smith
Chief Executive Officer Corporate Affairs
iSOFT Group Limited iSOFT Group Limited
t: +61 2 8251 6700 t: +61 2 8336 7494
e: [email protected] e: [email protected]
About iSOFT Group
iSOFT Group Limited (ASX: ISF) is the largest health information technology company listed on the Australian Securities Exchange, and among the worlds biggest providers of advanced application solutions in modern healthcare economies.
iSOFT works with healthcare professionals to design and build software applications that answer all of the difficult questions posed by todays healthcare delivery challenges. Our solutions act as a catalyst for change, supporting free exchange of critical information across diverse care settings and participating organisations.
Today, more than 13,000 provider organisations in 38 countries use iSOFTs solutions to manage patient information and drive improvements in their core processes. The Groups sustainable development is delivered through careful planning, in-depth analysis of the market, and anticipation of our clients evolving requirements. Our business is driven by the collective talent, experience and commitment of more than 4,600 specialists in 17 locations worldwide, including more than 2,300 technology and development professionals.
A global network of iSOFT subsidiaries, supported by an extensive partner network, provides substantial experience of national healthcare markets. As a result, we offer our clients comprehensive knowledge of local market requirements in terms of culture, language, working practices, regulation and organizational structure.
www.isofthealth.com
iSOF T Group Limited ACN 063 539 702
Registered Address: Darling Park, Tower Two, Level 27, 201 Sussex Street Sydney NSW 2000
25 June 2010
Mr Robert Moran Non Executive Chairman iSOFT Group Limited
Level 27 Tower 2 Darling Park
201 Sussex Street
Sydney NSW 2000
Dear Robert
My shareholding in iSOFT Group Limited
This letter confirms my previous advice that I have been required to sell shares in iSOFT as a result of margin calls associated with my shareholding in iSOFT. As advised to the Audit Committee in 2008, I borrowed funds on security of my shares in iSOFT in order to allow my entities to participate in the rights issue conducted by the company in 2007.
The original borrowing related to less than 1% of the then market value of ISF shares and less than 15 % of the total shares in which I had a relevant interest.
With the recent significant fall in share price, this position has changed and I have been forced to sell some shares. I have approximately $2m of liabilities left on shares in which I have a relevant interest.
Yours sincerely
Gary Cohen
Chief Executive Officer