TIDMSUN
RNS Number : 7036M
Surgical Innovations Group PLC
01 August 2017
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION
OR DISTRIBUTION WOULD BE UNLAWFUL.
Surgical Innovations Group plc
("SI" or the "Company")
Completion of Acquisition, Director/PDMR dealings and
Directorate changes
Further to the announcements on 27 July 2017, SI is pleased to
announce that, following admission to trading on AIM of the
245,833,333 New Ordinary Shares today, the acquisition of Elemental
Healthcare Limited has now completed.
Following the completion of the Acquisition, Adam Power and
David Marsh have been appointed to the Board in the roles of Group
Development Director and Group Commercial Director,
respectively.
The information required under Schedule 2(g) of the AIM Rules in
relation to the appointments is set out in Appendix I below.
The Company also announces that, following Admission, the
subscriptions for New Ordinary Shares by certain existing
Directors, as announced on 27 July 2017, have now completed.
Further information on these transactions is set out in Appendix II
below. The current shareholdings of each of the Directors who
participated in the Fundraising and including the market purchases
announced on 28 July 2017 are set out below:
Director Holding of % of Enlarged
Ordinary Share Capital
Shares
Nigel Rogers 4,803,863 0.62
Melanie Ross 1,573,710 0.20
Paul Hardy 6,730,185 0.86
Mike McMahon 18,504,737 2.37
Following Admission and the issue of the New Ordinary Shares,
there are now 780,264,588 Ordinary Shares in issue.
Capitalised terms used but not defined in this announcement
shall have the meanings defined in the announcement of the
Acquisition, Vendor Placing and Subscriptions on 27 July 2017.
Contact details:
Surgical Innovations www.sigroupplc.com
Group Plc
Nigel Rogers, Executive Tel: 0113 230 7597
Chairman
Melanie Ross, COO & CFO
WH Ireland Limited (NOMAD Tel: 020 7220 1666
& Broker)
Tim Feather (Corporate
Finance)
James Sinclair-Ford
Walbrook PR (Financial Tel: 020 7933 8780 or
PR & Investor Relations) si@walbrookpr.com
Paul McManus Mob: 07980 541893
Lianne Cawthorne Mob: 07584 391303
APPIX I
Adam Power, aged 53, is a director of Elemental Healthcare
Limited.
Following Admission, Adam Power, together with his wife, Alison
Power, holds 27,812,500 Ordinary Shares, representing 3.56% of the
enlarged share capital. In addition, Adam Power and Alison Power
are interested in 3,437,500 Ordinary Shares, representing 0.44% of
the enlarged share capital, as trustees of the Power Discretionary
Trust.
David John Marsh, aged 52, is a director of Elemental Healthcare
Limited and, within the last five years, was also a director of
Alesi Surgical Limited.
Following Admission, David Marsh, together with his wife,
Mary-Jane Marsh, holds 31,250,000 Ordinary Shares, representing
4.01% of the enlarged share capital.
In addition, Adam Power and David Marsh hold 1,000,000 options
to acquire Ordinary Shares. The options were issued in January 2013
and are exercisable between January 2018 and January 2023 at a
price of 6.88p per Ordinary Share.
There are no further disclosures required under Schedule 2(g) of
the AIM Rules
APPIX II
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Nigel Rogers
--- ------------------------------------------------------------ ---------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Executive Chairman, Surgical Innovations Group plc
--- ------------------------------------------------------------ ---------------------------------------------------
b) Initial notification/ Amendment Initial Notification
--- ------------------------------------------------------------ ---------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Surgical Innovations Group plc
--- ------------------------------------------------------------ ---------------------------------------------------
b) LEI 2138004GHGUH3HUZE156
--- ------------------------------------------------------------ ---------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of instrument Ordinary shares of 1p
Identification code
GB0004016704
--- ------------------------------------------------------------ ---------------------------------------------------
b) Nature of the transactions Purchase of Ordinary Shares
--- ------------------------------------------------------------ ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
3p 710,385
--------- ----------
--- ------------------------------------------------------------ ---------------------------------------------------
d) Aggregated information
* Aggregated volume 710,385
GBP21,311.55
* Price
--- ------------------------------------------------------------ ---------------------------------------------------
e) Date of the transaction 1 August 2017
--- ------------------------------------------------------------ ---------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ------------------------------------------------------------ ---------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- --------------------------------------------------------------------------------------------------------
a) Name Melanie Ross
--- ------------------------------------------------------------ ------------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------------------------------------
a) Position/status COO & CFO, Surgical Innovations Group plc
--- ------------------------------------------------------------ ------------------------------------------
b) Initial notification/ Amendment Initial Notification
--- ------------------------------------------------------------ ------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------------------------------------------
a) Name Surgical Innovations Group plc
--- ------------------------------------------------------------ ------------------------------------------
b) LEI 2138004GHGUH3HUZE156
--- ------------------------------------------------------------ ------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- --------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of instrument Ordinary shares of 1p
Identification code
GB0004016704
--- ------------------------------------------------------------ ------------------------------------------
b) Nature of the transactions Purchase of Ordinary Shares
--- ------------------------------------------------------------ ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
3p 333,333
--------- ----------
--- ------------------------------------------------------------ ------------------------------------------
d) Aggregated information
* Aggregated volume 333,333
GBP9,999.99
* Price
--- ------------------------------------------------------------ ------------------------------------------
e) Date of the transaction 1 August 2017
--- ------------------------------------------------------------ ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ------------------------------------------------------------ ------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Paul Hardy
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director, Surgical Innovations Group plc
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Amendment Initial Notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Surgical Innovations Group plc
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 2138004GHGUH3HUZE156
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of 1p
instrument
Identification code GB0004016704
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transactions Purchase of Ordinary Shares
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
3p 1,538,990
--------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
* Aggregated volume 1,538,990
GBP46,169.70
* Price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 1 August 2017
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Michael McMahon
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director, Surgical Innovations Group plc
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Amendment Initial Notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Surgical Innovations Group plc
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 2138004GHGUH3HUZE156
--- -------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of 1p
instrument
Identification code GB0004016704
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transactions Purchase of Ordinary Shares
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
3p 166,666
--------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
* Aggregated volume 166,666
GBP4,999.98
* Price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 1 August 2017
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--- -------------------------------------------------------- -------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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