Director/PDMR Shareholding

RNS Number : 7998K

Surgical Innovations Group PLC

09 May 2022

 

Surgical Innovations Group plc

("Surgical Innovations", "SI" or the "Company")

Director/PDMR Shareholding

Surgical Innovations Group plc (AIM: SUN), the designer, manufacturer and distributor of innovative medical technology for minimally invasive surgery ("MIS"), was notified on the 6 May 2022 that on 26 April 2022 Michael McMahon, Non-Executive Director, purchased 449,333 of shares in Surgical Innovations (the "Ordinary Shares") at a price of 2.22 pence per share.

Following this transaction, Michael McMahon has a combined beneficial holding in the Company of 19,430,962 Ordinary Shares, representing approximately 2.08% of the issued share capital of the Company.

For further information please contact:

Surgical Innovations Group plc	www sigroupplc com
David Marsh, CEO	Tel: [phone]
Charmaine Day, CFO
Singer Capital Markets (Nominated Adviser & Broker)			Tel: [phone]
Aubrey Powell / Rachel Hayes
Walbrook PR (Financial PR & Investor Relations)		Tel: [phone] or [e-mail]
Paul McManus / Lianne Applegarth	Mob: [phone]

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	Transfer of Ordinary Shares
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			2.22 pence per share	449,333
d)	Aggregated information -  Aggregated volume -  Price	224,575 @ 2.2213p 224,758 @ 2.2195 p
e)	Date of the transaction	26 April 2022
f)	Place of the transaction	London Stock Exchange, AIM

About Surgical Innovations Group plc

The Group specialises in the design, manufacture, sale and distribution of innovative, high quality medical products, primarily for use in minimally invasive surgery. Our product and business development is guided and supported by a key group of nationally and internationally renowned surgeons across the spectrum of minimally invasive surgical activity.

We design and manufacture and source our branded port access systems, surgical instruments and retraction devices which are sold directly in the UK home market through our subsidiary, Elemental Healthcare, and exported widely through a global network of trusted distribution partners. Many of our products in this field are based on a "resposable" concept, in which the products are part reusable, part disposable, offering a high quality and environmentally responsible solution at a cost that is competitive against fully disposable alternatives.

Elemental also has exclusive UK distribution for a select group of specialist products employed in laparoscopy, bariatric and metabolic surgery, hernia repair and breast reconstruction.

In addition, we design and develop medical devices for carefully selected OEM partners and have also collaborated with a major UK industrial partner to provide precision engineering solutions to complex problems outside the medical arena.

We aim for our brands to be recognised and respected by healthcare professionals in all major geographical markets in which we operate and provide by development, partnership or acquisition a broad portfolio of cost effective, procedure specific surgical instruments and implantable devices that offer reliable solutions to genuine clinical needs in the operating theatre environment.

Further information

Further details of the Group's businesses and products are available on the following websites:

www.sigroupplc.com

www.surginno.com

www.elementalhealthcare.co.uk

To receive regular updates by email, please contact [e-mail]  

 

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