Issue of Shares

RNS Number : 1002A
Surgical Innovations Group PLC
21 December 2017
 

Surgical Innovations Group plc

("SI Group" or the "Company")

 

Issue of Shares

 

Surgical Innovations Group plc (AIM: SUN) has issued and allotted a total of 202,759 ordinary shares of 1p each ("Shares") at a price of 3.625p per share to Nigel Rogers, Executive Chairman, and Michael McMahon, Non-Executive Director in lieu of remuneration for the fourth 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

120,000

5,541,060

0.71%

Michael McMahon

82,759

18,669,129

2.39%

 

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

 

Application will be made for 202,759 Shares to be admitted to trading on AIM ("Admission") which is expected to take place on 29 December 2017.

 

Following Admission, the total number of ordinary shares in issue will be 782,566,177 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: 0113 230 7597

Melanie Ross, COO & CFO

 

 

 

WH Ireland Limited (NOMAD & Broker)

Tel: 0113 394 6600

Tim Feather

 

 

 

Walbrook PR  (Financial PR & Investor Relations)

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

Nigel Rogers

2

Reason for the notification

a)

Position/status

Executive Chairman

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

Shares in lieu of remuneration

c)

Price(s) and volume(s)

Price(s)

Volume(s)

3.625p

120,000

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

120,000

£4,350

e)

Date of the transaction

29th December 2017

f)

Place of the transaction

Not on exchange

 

 

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

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

Shares in lieu of remuneration

c)

Price(s) and volume(s)

Price(s)

Volume(s)

3.625p

82,759

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

 

82,759

£3,000

e)

Date of the transaction

29th December 2017

f)

Place of the transaction

Not on exchange

 


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