TIDMSUN

RNS Number : 3498C

Surgical Innovations Group PLC

27 June 2016

Surgical Innovations Group plc

(the "Company")

Issue of Shares

The Company has issued and allotted a total of 905,660 ordinary shares of 1p each ("Shares") at a price of 1.7 pence per share to Nigel Rogers, Executive Chairman, and Michael McMahon, Paul Hardy and Alistair Taylor, Non-Executive Directors.

Details of the Shares issued and the resulting holdings of each of the directors are as follows:

 
 Director           Shares issued    Resulting     Percentage 
                                       holding    of enlarged 
                                                        share 
                                                      capital 
 
 Nigel Rogers             258,600    3,163,873          0.65% 
 Michael McMahon          176,471   17,959,366          3.68% 
 Paul Hardy 
  *                       294,118    3,208,091          0.66% 
 Alistair Taylor          176,471      390,199          0.08%

* Paul Hardy's beneficial holding comprises the holdings of Hardy Transaction Management Limited, a company in which he has a controlling interest, and his SIPP

As the Shares have been issued in lieu of remuneration for the second quarter of 2016, the issue price was set at the closing price on the date of the Company's payroll in June.

Application will be made for 905,660 Shares to be admitted to trading on AIM ("Admission") which is expected to take place on 1 July 2016.

Following Admission, the total number of ordinary shares in issue will be 487,993,014 with each share carrying the right to one vote. The above figure may be used by shareholders as the denominator for the purposes of the Disclosure and Transparency Rules.

ENDS

For further information please visit www.sigroupplc.com or contact:

Enquiries:

For further information please contact:

 
 Surgical Innovations Group Plc         www.sigroupplc.com 
 Nigel Rogers, Executive Chairman       Tel: 0113 230 7597 
 Melanie Ross, Group FD & Managing 
  Director, SI Ltd 
 
 WH Ireland Limited (NOMAD &            Tel: 0113 394 6600 
  Broker) 
 Tim Feather/Liam Gribben 
 
 Walbrook PR (Financial PR &            Tel: 020 7933 8780 
  Investor Relations)                 or si@walbrookpr.com 
 Paul McManus                               Mob: 07980 541 
                                                       893 
 Natalie Bruce                              Mob: 07884 666 
                                                       994

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 27, 2016 06:29 ET (10:29 GMT)

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