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DEMG Deltex Medical Group Plc

0.12
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Deltex Medical Group Plc LSE:DEMG London Ordinary Share GB0059337583 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.12 0.11 0.13 0.12 0.12 0.12 50 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electromedical Apparatus 1.78M -1.28M -0.0007 -1.71 2.22M

Deltex Medical Group PLC Grant of Options (1455A)

22/03/2017 7:15am

UK Regulatory


Deltex Medical (LSE:DEMG)
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TIDMDEMG

RNS Number : 1455A

Deltex Medical Group PLC

22 March 2017

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

22 March 2017

Deltex Medical Group plc

("Deltex Medical" or "the Company")

Grant of options

Deltex Medical Group plc (AIM: DEMG), the global leader in Oesophageal Doppler Monitoring ("ODM"), today announces that the Board has approved the issue of share options to Ewan Phillips, Chief Executive and Jonathan Shaw, Group Finance Director.

Employee Share Option Scheme

The Board has approved the issue of 658,743 and 404,762 share options to Ewan Phillips and Jonathan Shaw, respectively under the Company's 2003 Share Option Scheme ("EMI"). The exercise price is 1 pence per share option.

The awards were made in return for the directors agreeing to waive gross salary and benefits of GBP17,292 and GBP10,625 respectively.

Confirmation of Directors interest in share options

Following the grant of EMI options above, the options held by the Executive Directors are shown below:

 
 Executive        2001 Executive   2011 Executive   EMI Share 
  Director          Share Scheme     Share Scheme      Scheme       Total 
                          Number           Number      Number      Number 
---------------  ---------------  ---------------  ----------  ---------- 
 Ewan Phillips         1,400,000        2,750,000   2,995,954   7,145,954 
 Jonathan 
  Shaw                         -                -     404,762     404,762 
---------------  ---------------  ---------------  ----------  ---------- 
 

Additional interests

Following the Subscription announced this morning, Mr Phillips will have a beneficial interest in 2,921,051 ordinary shares in the Company representing 0.98 per cent of the issued ordinary share capital of the Company. Mr Shaw will have a beneficial interest in 262,931 ordinary shares in the Company representing 0.09 per cent of the issued ordinary share capital of the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

The following notifications are made in accordance with Article 19 of the EU Market Abuse Regulation

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                         Ewan Phillips 
---  ---------------------------  ----------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status              Executive Director 
---  ---------------------------  ----------------------------------- 
 b)   Initial notification         Initial 
       /Amendment 
---  ---------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------- 
 a)   Name                         Deltex Medical Group plc 
---  ---------------------------  ----------------------------------- 
 b)   LEI                          N/A 
---  ---------------------------  ----------------------------------- 
 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               Unconditional awards over 
       the financial instrument,    Ordinary shares of 1p each 
       type of instrument           in Deltex Medical Group 
                                    plc 
       Identification 
       code                         Identification code (ISIN) 
                                    for Deltex Medical Group 
                                    plc ordinary shares: GB0059337583 
---  ---------------------------  ----------------------------------- 
 b)   Nature of the transaction     Share subscription 
---  ---------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)       Unconditional award over 
                                    658,743 shares under the 
                                    Deltex Medical 2003 Share 
                                    Option Scheme 
---  ---------------------------  ----------------------------------- 
 d)   Aggregated information 
       - Aggregated volume 
       - Price 
---  ---------------------------  ----------------------------------- 
 e)   Date of the transaction      22 March 2017 
---  ---------------------------  ----------------------------------- 
 f)   Place of the transaction     Grant of share awards occurred 
                                    outside of a trading venue. 
---  ---------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                         Jonathan Shaw 
---  ---------------------------  ----------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status              Executive Director 
---  ---------------------------  ----------------------------------- 
 b)   Initial notification         Initial 
       /Amendment 
---  ---------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------- 
 a)   Name                         Deltex Medical Group plc 
---  ---------------------------  ----------------------------------- 
 b)   LEI                          N/A 
---  ---------------------------  ----------------------------------- 
 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               Unconditional awards over 
       the financial instrument,    Ordinary shares of 1p each 
       type of instrument           in Deltex Medical Group 
                                    plc 
       Identification 
       code                         Identification code (ISIN) 
                                    for Deltex Medical Group 
                                    plc ordinary shares: GB0059337583 
---  ---------------------------  ----------------------------------- 
 b)   Nature of the transaction     Share subscription 
---  ---------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)       Unconditional award over 
                                    404,762 shares under the 
                                    Deltex Medical 2003 Share 
                                    Option Scheme 
---  ---------------------------  ----------------------------------- 
 d)   Aggregated information 
       - Aggregated volume 
       - Price 
---  ---------------------------  ----------------------------------- 
 e)   Date of the transaction      22 March 2017 
---  ---------------------------  ----------------------------------- 
 f)   Place of the transaction     Grant of share awards occurred 
                                    outside of a trading venue. 
---  ---------------------------  ----------------------------------- 
 

For further information, please contact:-

 
 Deltex Medical Group          01243 774 837 
  plc                           investorinfo@deltexmedical.com 
 Nigel Keen, Chairman 
 Ewan Phillips, Chief 
  Executive 
 Jonathan Shaw, Group 
  Finance Director 
 
 Nominated Adviser & 
  Broker 
 Arden Partners plc            020 7614 5900 
 Chris Hardie 
 
 Financial Public Relations 
 IFC Advisory Ltd              0203 053 8671 
 Tim Metcalfe 
  Graham Herring 
  Heather Armstrong 
 

Notes for Editors

Deltex Medical manufactures and markets haemodynamic monitoring technologies. Deltex Medical's ODM is the only technology to measure continuously blood flow 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 flow and measures them immediately. Deltex has been the only company in the enhanced haemodynamic space to build a robust and credible evidence base proving the clinical and economic benefits of its core technology, ODM. Randomised, controlled trials using Doppler have demonstrated that early fluid management intervention will reduce post-operative complications, reduce intensive care admissions, and reduce the length of hospital stay.

Company goal

ODM is increasingly recognised as a standard of care for patients undergoing major surgery and in critical care. The broader clinical area of haemodynamic management of which ODM is a core constituent is also now becoming widely accepted as an important major new medical modality. Consequently, the Company's focus is on maximising value from the opportunities presented as enhanced haemodynamic management is adopted into routine clinical practice around the world.

The Company is currently in the implementation phase of achieving this goal in a number of territories worldwide, operating directly in the UK, USA, Spain and Canada and through distribution arrangements in a further 30 countries.

There are over 3,200 monitors installed in hospitals around the world and around 700,000 patients have been treated to date using Deltex Medical's single patient disposable probes.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHLFFELVRILFID

(END) Dow Jones Newswires

March 22, 2017 03:15 ET (07:15 GMT)

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