Issue of Equity

RNS Number : 8592R

Surgical Innovations Group PLC

26 September 2017

 

Surgical Innovations Group plc

(the "Company")

Issue of Shares

Surgical Innovations Group plc (AIM: SUN) has issued and allotted a total of 198,830 ordinary shares of 1p each ("Shares") at a price of 3.675p per share to Nigel Rogers, Executive Chairman, and Michael McMahon, Non-Executive Director in lieu of remuneration for the third quarter of 2017.

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

Director	Shares issued	Resulting holding	Percentage of enlarged share capital
Nigel Rogers	117,197	4,921,060	0.63%
Michael McMahon	81,633	18,586,370	2.38%

The issue price was set at the closing price on the date of the Company's payroll in September.

Application will be made for 198,830 Shares to be admitted to trading on AIM ("Admission") which is expected to take place on 2 October 2017.

Following Admission, the total number of ordinary shares in issue will be 780,463,418 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.

For further information please contact:

Surgical Innovations Group plc	www.sigroupplc.com
Nigel Rogers, Executive Chairman	Tel: [phone]
Melanie Ross, COO & CFO
WH Ireland Limited (NOMAD & Broker)	Tel: [phone]
Tim Feather
Walbrook PR  (Financial PR & Investor Relations)	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Lianne Cawthorne	Mob: [phone]

 

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