TIDMSUN

RNS Number : 2374L

Surgical Innovations Group PLC

30 September 2016

Surgical Innovations Group plc

(the "Company")

Issue of Shares

The Company has issued and allotted a total of 688,421 ordinary shares of 1p each ("Shares") at a price of 2.375 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    Resulting       Percentage 
                     issued      holding      of enlarged 
                                            share capital 
 
 Nigel Rogers       183,158    3,347,031            0.68% 
 Michael McMahon    126,316   18,085,682            3.70% 
 Paul Hardy 
  *                 210,526    3,418,617            0.70% 
 Alistair Taylor    168,421      558,620            0.11%

* 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 third quarter of 2016, the issue price was set at the closing price on the date of the Company's payroll in September.

Application will be made for 688,421 Shares to be admitted to trading on AIM ("Admission") which is expected to take place on 5 October 2016.

Following Admission, the total number of ordinary shares in issue will be 488,681,435 with each share carrying the right to one vote. The above figure may be used by shareholders as the denominator for the purposes of calculating their holding in the Company under the Disclosure Guidance 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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