Healthcare Locums refinancing cleared

Investors in the troubled medical staffing business Healthcare Locums backed the company's refinancing plans yesterday, paving the way for a a resumption of trading in the company's AIM-listed shares this morning.

Healthcare Locums said shareholders had supported all of the resolutions connected to the refinancing plans, including a £60m placing to pay down its debt, announced last month.

The approval comes after the company shot back at critics of the plan last week, saying that "no concrete alternative to the recommended restructuring proposal... had been received by it and as such shareholders risked losing all value if the recommended restructuring was not approved".