Surgical Innovations Group PLC Grant of Options (0849U)
March 27 2019 - 3:01AM
UK Regulatory
TIDMSUN
RNS Number : 0849U
Surgical Innovations Group PLC
27 March 2019
27 March 2019
Surgical Innovations Group plc
("Surgical Innovations" or "the Company")
Grant of Options
Surgical Innovations Group plc (AIM: SUN), the designer,
manufacturer and distributor of innovative medical technology for
minimally invasive surgery, announces that the Board has resolved
to grant share options under the existing Enterprise Management
Incentive scheme to acquire a maximum of 12,050,000 ordinary shares
in the Company at an exercise price of 3.50 pence each, exercisable
between 28 March 2022 and 27 March 2029 (the "Options").
The Options have been granted to a number of key personnel,
including awards to PDMRs of 3,000,000 Options to Melanie Ross,
Chief Financial Officer of the Company and 600,000 to Charmaine
Day, Company Secretary. Following the grant of Options, the
beneficial holding of Melanie Ross in the Company is 2,078,354
ordinary shares (representing 0.26% of the issued share capital)
and 10,750,000 share options. David Marsh, CEO and Adam Power,
Group Development Director have chosen to waive their option
entitlement, as they are each already significant shareholders in
the Company and seek to provide opportunities for other key
management to increase their stake within the available
headroom.
For further information contact:
Surgical Innovations Group Plc www.sigroupplc.com
Nigel Rogers, Non-Executive Chairman Tel: +44 (0)113 230 7597
Melanie Ross, CFO
Walbrook PR (Financial PR & Investor Tel: +44 (0)20 7933 8780 or si@walbrookpr.com
Relations)
Paul McManus Mob: +44 (0)7980 541 893
Lianne Cawthorne Mob: +44 (0)7584 391 303
N+1 Singer (Nominated Adviser and
Broker) +44 (0)20 7496 3000
Richard Lindley
Rachel Hayes
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Melanie Ross
------------------------------------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer, 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 Grant of options
------------------------------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.50p 3,000,000
----------
------------------------------------------------------- --------------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
N/A
* Price
------------------------------------------------------- --------------------------------------------------------
e) Date of the transaction 26 March 2019
------------------------------------------------------- --------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------- --------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Charmaine Day
------------------------------------------------------------ --------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/status Company Secretary, 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 Grant of options
------------------------------------------------------------ --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.50p 600,000
----------
------------------------------------------------------------ --------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
N/A
* Price
------------------------------------------------------------ --------------------------------------------------
e) Date of the transaction 26 March 2019
------------------------------------------------------------ --------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------------ --------------------------------------------------
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END
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