Issue of Equity

RNS Number : 5073Z

Surgical Innovations Group PLC

11 December 2014

 



Press Release

11 December 2014

Surgical Innovations Group plc

("Surgical Innovations" or the "Group" or the "Company")

Issue of Equity

Surgical Innovations Group plc (AIM: SUN) announces that, following the exercise of options by a Director today, it has issued and allotted 400,000 ordinary shares of 1p each.

Details of the Director's options exercised and resulting shareholding is as follows:-

	Number of options	Exercise price	Total shareholding following issue	Total shareholding percentage of enlarged issued share capital
Michael John McMahon	400,000	1.7 pence	17,618,511	3.63%

Accordingly Application has been made to the London Stock Exchange for the 400,000 New Ordinary Shares of 1p each to be admitted to trading on AIM ("Admission"). It is expected that such Admission will occur on 17 December 2014. The new ordinary shares rank pari passu with the existing shares of the Company.

Following Admission the total number of ordinary shares in issue will be 485,064,282 with each share carrying the right to one vote. The above figure may be used by shareholders as the denominator for the purposes of the Disclosure and Transparency Rules.

-Ends-

For further information please contact:

Surgical Innovations Group plc
Doug Liversidge CBE, Non-executive Chairman	Tel:  [phone] www.sigroupplc.com
Nominated Adviser and Broker
Panmure Gordon Freddy Crossley / Peter Steel (Corporate Finance)	Tel:  [phone] www.panmure.com
Media Enquiries
Abchurch Communications Jamie Hooper	Tel: [phone] [e-mail] www.abchurch-group.com

 

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