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Description of business:
UMT is currently an investing company with a policy of buying and commercialising technologies in the medical technology area. It has conditionally acquired the entire issued share capital of Rex Bionics Limited ("RBL"), a New Zealand based developer and manufacturer of hands free robotic exoskeletons for use by wheelchair users (the "Acquisition"). Consideration for the Acquisition will be shares in UMT. UMT is currently traded on ISDX Growth Market and the acquisition will be treated as a reverse for the purposes of that market. UMT will be renamed Rex Bionics Plc on Admission. Following the Acquisition, UMT's main countries of operation will be the UK where it will be headquartered and New Zealand where it manufactures its products.

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Union Medtech plc to be renamed Rex Bionics Plc on Admission

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