Director Dealing

RNS Number : 7723Z

Deltex Medical Group PLC

22 September 2020

 

22 September 2020 Deltex Medical Group plc ("Deltex Medical" or the "Company") Director Dealing Deltex Medical Group plc (AIM: DEMG), the global leader in Oesophageal Doppler Monitoring ("ODM"), announces that David Moorhouse, Finance Director of the Company, today purchased 370,000 ordinary shares in the Company ("Ordinary Shares") at a price of 1.35 pence per Ordinary Share and now holds a total of 829,834 Ordinary Shares. For further information, please contact:- Deltex Medical Group plc 01243 774 837 Andy Mears, CEO  David Moorhouse, Group Finance Director [e-mail]   Nominated Adviser & Broker   Arden Partners plc 020 7614 5900   Ciaran Walsh   Dan Gee-Summons   Joint Broker   Turner Pope Investments (TPI) Ltd 0203 657 0050   Andy Thacker   Zoe Alexander [e-mail] Notes for Editors Deltex Medical manufactures and markets haemodynamic monitoring technologies which are primarily used in critical care and general surgical procedures. Deltex Medical's proprietary oesophageal Doppler monitoring ("ODM") (TrueVue Doppler) measures blood flow velocity in the central circulation in real time. Minimally invasive, easy to set-up and quick to focus, the technology generates a low-frequency ultrasound signal which is highly sensitive to changes in blood flow and measures such changes in 'real time'. Deltex Medical is the only company in the enhanced haemodynamic space to have built a robust and credible evidence base demonstrating both the clinical and economic benefits of its core technology: TrueVue Doppler. This technology has been proven in a wide range of clinical trials to reduce complications suffered by patients after surgery and consequently can save hospitals money. Deltex Medical's TrueVue System on the CardioQ-ODM+ monitor platform now provides clinicians with two further advanced haemodynamic monitoring technologies. TrueVue Impedance is an entirely non-invasive monitoring technology which transmits low magnitude, high frequency electrical signals through the thorax and measures the changes to this signal when the heart pumps blood. TrueVue PressureWave uses the peripheral blood pressure signal analysis to give doctors information on changes in the circulation and is particularly suited to monitoring lower risk or haemodynamically stable patients. Group goal Haemodynamic management is now becoming widely accepted as a vital part of the anaesthesia protocols for surgical patients, as well as treating ventilated intensive care patients, including ventilated COVID-19 patients. Consequently, the Group's focus is on maximising value from the opportunities presented, as enhanced haemodynamic management is adopted into routine clinical practice around the world. The Group aims to provide clinicians with a single platform - a 'haemodynamic workstation' - which offers them a range of technologies from simple to sophisticated to be deployed according to the patient's clinical condition as well as the skill and expertise of the user. Doing this will enable the Group to partner with healthcare providers to support modern haemodynamic management across the whole hospital. The Group is currently in the implementation phase of achieving this goal in a number of territories worldwide, operating directly in the UK and the USA, and via agreements with approximately 40 distributors overseas.   Note: This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014. Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them.    1 Details of the persons discharging managerial responsibilities / person closely associated   a) Names  David Moorhouse - Finance Director 2 Reason for the notification a) Position/status See 1(a) above for position - classified as a PDMR of Deltex Medical b) Initial notification /Amendment Initial 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  a) Name Deltex Medical Group plc b) LEI 213800XN34P6LI8J6M39 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 Ordinary shares of 1 penny each ("Ordinary Shares") b) Identification code  GB0059337583 c) Nature of the transaction  Purchase of Ordinary Shares d) Price(s) and volume(s) Prices(s) Volume(s) 1.35 pence 370,000 d) Aggregated information  - Aggregated volume - Price N/a N/a e) Date of the transaction  22 September 2020 f) Place of the transaction London Stock Exchange, AIM Market (XLON)

 

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