Issue of Shares

RNS Number : 3498C

Surgical Innovations Group PLC

27 June 2016

 

Surgical Innovations Group plc

(the "Company")

Issue of Shares

The Company has issued and allotted a total of 905,660 ordinary shares of 1p each ("Shares") at a price of 1.7 pence per share to Nigel Rogers, Executive Chairman, and Michael McMahon, Paul Hardy and Alistair Taylor, Non-Executive Directors. 

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	258,600	3,163,873	0.65%
Michael McMahon	176,471	17,959,366	3.68%
Paul Hardy *	294,118	3,208,091	0.66%
Alistair Taylor	176,471	390,199	0.08%

*       Paul Hardy's beneficial holding comprises the holdings of Hardy Transaction Management Limited, a company in which he has a controlling interest, and his SIPP

As the Shares have been issued in lieu of remuneration for the second quarter of 2016, the issue price was set at the closing price on the date of the Company's payroll in June.

Application will be made for 905,660 Shares to be admitted to trading on AIM ("Admission") which is expected to take place on 1 July 2016.

Following Admission, the total number of ordinary shares in issue will be 487,993,014 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 visit www.sigroupplc.com or contact:

Enquiries:

For further information please contact:

Surgical Innovations Group Plc	www.sigroupplc.com
Nigel Rogers, Executive Chairman	Tel: [phone]
Melanie Ross, Group FD & Managing Director, SI Ltd
WH Ireland Limited (NOMAD & Broker)	Tel: [phone]
Tim Feather/Liam Gribben
Walbrook PR  (Financial PR & Investor Relations)	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Natalie Bruce	Mob: [phone]

 

END

 

 

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