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SUN Surgical Innovations Group Plc

0.40
-0.05 (-11.11%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Surgical Innovations Group Plc LSE:SUN London Ordinary Share GB0004016704 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -11.11% 0.40 0.30 0.50 0.45 0.40 0.45 1,213,431 15:15:45
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Surgical,med Instr,apparatus 11.34M 264k 0.0003 13.33 3.73M

Surgical Innovations Group PLC Acquisition, PDMR Dealings and Directorate Changes (7036M)

01/08/2017 8:07am

UK Regulatory


Surgical Innovations (LSE:SUN)
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TIDMSUN

RNS Number : 7036M

Surgical Innovations Group PLC

01 August 2017

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Surgical Innovations Group plc

("SI" or the "Company")

Completion of Acquisition, Director/PDMR dealings and Directorate changes

Further to the announcements on 27 July 2017, SI is pleased to announce that, following admission to trading on AIM of the 245,833,333 New Ordinary Shares today, the acquisition of Elemental Healthcare Limited has now completed.

Following the completion of the Acquisition, Adam Power and David Marsh have been appointed to the Board in the roles of Group Development Director and Group Commercial Director, respectively.

The information required under Schedule 2(g) of the AIM Rules in relation to the appointments is set out in Appendix I below.

The Company also announces that, following Admission, the subscriptions for New Ordinary Shares by certain existing Directors, as announced on 27 July 2017, have now completed. Further information on these transactions is set out in Appendix II below. The current shareholdings of each of the Directors who participated in the Fundraising and including the market purchases announced on 28 July 2017 are set out below:

 
Director       Holding of   % of Enlarged 
                 Ordinary   Share Capital 
                   Shares 
 
Nigel Rogers    4,803,863            0.62 
Melanie Ross    1,573,710            0.20 
Paul Hardy      6,730,185            0.86 
Mike McMahon   18,504,737            2.37 
 

Following Admission and the issue of the New Ordinary Shares, there are now 780,264,588 Ordinary Shares in issue.

Capitalised terms used but not defined in this announcement shall have the meanings defined in the announcement of the Acquisition, Vendor Placing and Subscriptions on 27 July 2017.

Contact details:

 
 Surgical Innovations           www.sigroupplc.com 
  Group Plc 
 Nigel Rogers, Executive        Tel: 0113 230 7597 
  Chairman 
 Melanie Ross, COO & CFO 
 
 WH Ireland Limited (NOMAD      Tel: 020 7220 1666 
  & Broker) 
 Tim Feather (Corporate 
  Finance) 
  James Sinclair-Ford 
 
 Walbrook PR (Financial      Tel: 020 7933 8780 or 
  PR & Investor Relations)       si@walbrookpr.com 
 Paul McManus                    Mob: 07980 541893 
 Lianne Cawthorne                Mob: 07584 391303 
 

APPIX I

Adam Power, aged 53, is a director of Elemental Healthcare Limited.

Following Admission, Adam Power, together with his wife, Alison Power, holds 27,812,500 Ordinary Shares, representing 3.56% of the enlarged share capital. In addition, Adam Power and Alison Power are interested in 3,437,500 Ordinary Shares, representing 0.44% of the enlarged share capital, as trustees of the Power Discretionary Trust.

David John Marsh, aged 52, is a director of Elemental Healthcare Limited and, within the last five years, was also a director of Alesi Surgical Limited.

Following Admission, David Marsh, together with his wife, Mary-Jane Marsh, holds 31,250,000 Ordinary Shares, representing 4.01% of the enlarged share capital.

In addition, Adam Power and David Marsh hold 1,000,000 options to acquire Ordinary Shares. The options were issued in January 2013 and are exercisable between January 2018 and January 2023 at a price of 6.88p per Ordinary Share.

There are no further disclosures required under Schedule 2(g) of the AIM Rules

APPIX II

 
 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, Surgical Innovations Group plc 
---  ------------------------------------------------------------  --------------------------------------------------- 
 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   Ordinary shares of 1p 
 
       Identification code 
                                                                     GB0004016704 
---  ------------------------------------------------------------  --------------------------------------------------- 
 b)   Nature of the transactions                                    Purchase of Ordinary Shares 
---  ------------------------------------------------------------  --------------------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                     ---------  ---------- 
                                                                      3p         710,385 
                                                                     ---------  ---------- 
---  ------------------------------------------------------------  --------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       710,385 
                                                                      GBP21,311.55 
 
         *    Price 
---  ------------------------------------------------------------  --------------------------------------------------- 
 e)   Date of the transaction                                       1 August 2017 
---  ------------------------------------------------------------  --------------------------------------------------- 
 f)   Place of the transaction                                      London Stock Exchange, AIM 
---  ------------------------------------------------------------  --------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  -------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Melanie Ross 
---  ------------------------------------------------------------  ------------------------------------------ 
 2    Reason for the notification 
---  -------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               COO & CFO, Surgical Innovations Group plc 
---  ------------------------------------------------------------  ------------------------------------------ 
 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   Ordinary shares of 1p 
 
       Identification code 
                                                                     GB0004016704 
---  ------------------------------------------------------------  ------------------------------------------ 
 b)   Nature of the transactions                                    Purchase of Ordinary Shares 
---  ------------------------------------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                     ---------  ---------- 
                                                                      3p         333,333 
                                                                     ---------  ---------- 
---  ------------------------------------------------------------  ------------------------------------------ 
 d)    Aggregated information 
         *    Aggregated volume                                       333,333 
                                                                      GBP9,999.99 
 
         *    Price 
---  ------------------------------------------------------------  ------------------------------------------ 
 e)   Date of the transaction                                       1 August 2017 
---  ------------------------------------------------------------  ------------------------------------------ 
 f)   Place of the transaction                                      London Stock Exchange, AIM 
---  ------------------------------------------------------------  ------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Paul Hardy 
---  --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Non-Executive Director, Surgical Innovations Group plc 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of 1p 
      instrument 
 
      Identification code                                        GB0004016704 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transactions                                Purchase of Ordinary Shares 
---  --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                 ---------  ---------- 
                                                                  3p         1,538,990 
                                                                 ---------  ---------- 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                   1,538,990 
                                                                  GBP46,169.70 
 
         *    Price 
---  --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   1 August 2017 
---  --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  London Stock Exchange, AIM 
---  --------------------------------------------------------  ------------------------------------------------------- 
 
 
 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, Surgical Innovations Group plc 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of 1p 
      instrument 
 
      Identification code                                        GB0004016704 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transactions                                Purchase of Ordinary Shares 
---  --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                 ---------  ---------- 
                                                                  3p         166,666 
                                                                 ---------  ---------- 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                   166,666 
                                                                  GBP4,999.98 
 
         *    Price 
---  --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   1 August 2017 
---  --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  London Stock Exchange, AIM 
---  --------------------------------------------------------  ------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

August 01, 2017 03:07 ET (07:07 GMT)

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