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: [phone]
Melanie Ross, COO & CFO
WH Ireland Limited (NOMAD & Broker)	Tel: [phone]
Tim Feather
Walbrook PR  (Financial PR & Investor Relations)	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Lianne Cawthorne	Mob: [phone]

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

 

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