Secondary Placing

RNS Number : 9659P

Inspiration Healthcare Group PLC

23 November 2016

 

Inspiration Healthcare Group plc

("Inspiration Healthcare" or the "Company")

Secondary Placing

The Company is pleased to announce that it has completed a placing of 7,545,453 existing ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 55 pence per Ordinary Share on behalf of certain Directors and founding shareholders of the Company (the "Placing"). The Placing represents 24.6 per cent. of the Company's current issued share capital. The Placing was principally with new institutional investors and significantly broadens the shareholder base of the Company.

Full details of the Placing, the participants (which include certain Directors and PDMRs of the Company) and the amounts sold are set out in full below:

		Shareholding prior to the Placing			Shareholding immediately after the Placing
Name	Position	Number of Ordinary Shares	Percentage of issued share capital	Number of Ordinary Shares sold	Number of Ordinary Shares	Percentage of issued share capital
Neil Campbell	CEO	5,718,089	18.65%	1,181,818	4,536,271	14.79%
Toby Foster	Group Sales Director	5,718,089	18.65%	1,818,181	3,899,908	12.72%
Simon Motley	Business Unit Director (PDMR - non-Board)	5,718,089	18.65%	1,363,636	4,354,453	14.20%
Malcolm Oxley	Business Unit Director (PDMR - non-Board)	5,718,089	18.65%	3,181,818	2,536,271	8.27%

This announcement contains inside information.

23 November 2016

Enquiries:

Inspiration Healthcare Group plc Neil Campbell, Chief Executive Officer	01709 761000
Cenkos Securities plc Nominated Adviser & Broker Bobbie Hilliam (NOMAD)  Oliver Baxendale (Sales)	0207 397 8900
Cadogan PR                                                                                          Alex Walters	07771 713608

About Inspiration Healthcare

Inspiration Healthcare (AIM: IHC) is a global supplier of medical technology for critical care, operating theatre and other medical applications. The Company provides high quality innovative products to patients and caregivers around the world that help to improve patient outcomes and efficiencies of healthcare organisations with patient focused customer service and technical support.

The Company's own brand of critical care solutions span non-invasive respiratory management, thermoregulation and diagnostics, and patient warming for newborns through to adults in intensive care and the operating theatre, whilst the distribution business supplies solutions to support specialised surgical procedures and infusion therapies.

Present in over 50 countries worldwide, Inspiration Healthcare's success has been built on continuous innovation, excellent customer service and an inherent commitment to improving the quality of life of patients, working in close collaboration with key opinion leaders and stakeholders in the clinical and medical community across the globe.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Neil Campbell
2	Reason for the notification
a)	Position/Status:	CEO
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Inspiration Healthcare Group plc
b)	LEI:	N/a
4.	Details of 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: Identification code:	Ordinary Shares of 10 pence each ISIN: GB00BXDZL105
b)	Nature of the transaction:	Sale of Ordinary Shares
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		55p	1,181,818
d)	Aggregated volume: Price:	NA
e)	Date of the Transaction:	23 November 2016
f)	Place of the Transaction:	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Toby Foster
2	Reason for the notification
a)	Position/Status:	Group Sales Director
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Inspiration Healthcare Group plc
b)	LEI:	N/a
4.	Details of 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: Identification code:	Ordinary Shares of 10 pence each ISIN: GB00BXDZL105
b)	Nature of the transaction:	Sale of Ordinary Shares
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		55p	1,818,181
d)	Aggregated volume: Price:	NA
e)	Date of the Transaction:	23 November 2016
f)	Place of the Transaction:	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Simon Motley
2	Reason for the notification
a)	Position/Status:	Business Unit Director (non-Board)
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Inspiration Healthcare Group plc
b)	LEI:	N/a
4.	Details of 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: Identification code:	Ordinary Shares of 10 pence each ISIN: GB00BXDZL105
b)	Nature of the transaction:	Sale of Ordinary Shares
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		55p	1,363,636
d)	Aggregated volume: Price:	NA
e)	Date of the Transaction:	23 November 2016
f)	Place of the Transaction:	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Malcolm Oxley
2	Reason for the notification
a)	Position/Status:	Business Unit Director (non-Board)
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Inspiration Healthcare Group plc
b)	LEI:	N/a
4.	Details of 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: Identification code:	Ordinary Shares of 10 pence each ISIN: GB00BXDZL105
b)	Nature of the transaction:	Sale of Ordinary Shares
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		55p	3,181,818
d)	Aggregated volume: Price:	NA
e)	Date of the Transaction:	23 November 2016
f)	Place of the Transaction:	London Stock Exchange

 

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