Grant of Options

RNS Number : 0230V
Surgical Innovations Group PLC
31 October 2017
 

Surgical Innovations Group plc

(the "Company")

Grant of Options

The Company announces that on 31 October 2017 options to acquire 31,000,000 ordinary shares of 1p each ("Ordinary Shares") were granted to directors and employees (the "New Options").

The number of New Options granted to directors and PDMRs is as follows:

Director/PDMR

Role

No. of options held previously

New Options granted

Total no. of options held






Melanie Ross

COO/CFO

4,750,000

3,000,000

7,750,000

Adam Power

Group Development Director

1,000,000

6,000,000

7,000,000

David Marsh

Group Commercial Director

1,000,000

6,000,000

7,000,000

Michael McMahon

Non-Executive Director

4,750,000

1,750,000

6,500,000

Charmaine Day

Company Secretary

1,500,000

1,500,000

3,000,000

Nigel Rogers

Chairman

-

1,750,000

1,750,000

 

All of the New Options are subject to an exercise price of 3.25p per share.

 

In the case of non-directors, New Options become exercisable on the third anniversary of the date of grant, subject to the individual remaining in the Company's employment at that time, and remain exercisable until the tenth anniversary of the date of grant.

 

For directors, New Options will only vest subject to the closing price of the Ordinary Shares being at or above one of the following milestones over ten consecutive trading days during the relevant period:

By

Share price

(p)



31-Dec-20

5.40

31-Dec-21

5.81

31-Dec-22

6.24

31-Dec-23

6.71

31-Dec-24

7.21

31-Dec-25

7.75

31-Dec-26

8.33

31-Dec-27

8.96

 

Subject to the New Options granted to directors having vested, they are exercisable between the third and tenth anniversaries of the date of grant.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.

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, COO & CFO

 

 

 

WH Ireland Limited (NOMAD & Broker)

Tel: 0113 394 6600

Tim Feather

 

Alex Bond

 



Walbrook PR

Tel: 020 7933 8780

or si@walbrookpr.com

Paul McManus

Mob: 07980 541 893

Lianne Cawthorne

Mob: 07584 391 303

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Melanie Ross

2

Reason for the notification

a)

Position/status

Chief Operating Officer and 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 instrument

 

Identification code

Ordinary shares of 1p

 

 

GB0004016704

 

b)

Nature of the transactions

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

3.25p

3,000,000

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

N/A

e)

Date of the transaction

31 October 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Adam Power

2

Reason for the notification

a)

Position/status

Group Development 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 instrument

 

Identification code

Ordinary shares of 1p

 

 

GB0004016704

 

b)

Nature of the transactions

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

3.25p

6,000,000

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

N/A

e)

Date of the transaction

31 October 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Marsh

2

Reason for the notification

a)

Position/status

Group Commercial 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 instrument

 

Identification code

Ordinary shares of 1p

 

 

GB0004016704

 

b)

Nature of the transactions

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

3.25p

6,000,000

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

N/A

e)

Date of the transaction

31 October 2017

f)

Place of the transaction

Outside a trading venue

 

 

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 instrument

 

Identification code

Ordinary shares of 1p

 

 

GB0004016704

 

b)

Nature of the transactions

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

3.25p

1,750,000

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

N/A

e)

Date of the transaction

31 October 2017

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

 

Identification code

Ordinary shares of 1p

 

 

GB0004016704

 

b)

Nature of the transactions

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

3.25p

1,500,000

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

N/A

e)

Date of the transaction

31 October 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nigel Rogers

2

Reason for the notification

a)

Position/status

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

 

Identification code

Ordinary shares of 1p

 

 

GB0004016704

 

b)

Nature of the transactions

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

3.25p

1,750,000

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/A

N/A

e)

Date of the transaction

31 October 2017

f)

Place of the transaction

Outside a trading venue

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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