Advanced Medical Solutions Grp PLC Director/PDMR Shareholding (4643X)

TIDMAMS

RNS Number : 4643X

Advanced Medical Solutions Grp PLC

29 April 2019

 
   29 April 2019 
 

Advanced Medical Solutions Group plc

("AMS", the "Company" or the "Group")

Director/PDMR Shareholding

Winsford, UK: Advanced Medical Solutions Group plc (AIM: AMS), the surgical and advanced wound care specialist company, announces that the Trust which manages the Deferred Share Bonus Plan ("DSB") on behalf of the employees of AMS has purchased ordinary shares of 5 pence each ("Ordinary Shares") on 29 April 2019, at a price of 330p on behalf of Chris Meredith and Eddie Johnson, who are both Directors and PDMRs, as part of the DSB and, under the terms of the DSB, these shares will be held in trust on their behalf.

Following these transactions the beneficial ownership of Chris Meredith and Eddie Johnson are as follows:

 
 Director/PDMR       Date purchased    Shares purchased   Resultant   % of issued 
                                                           holding     share capital 
 Chris Meredith 
  Chief Executive    29 April 
  Officer             2019             10,182             1,494,577   0.7% 
                    ================  =================  ==========  =============== 
 Eddie Johnson 
  Chief Financial    29 April 
  Officer             2019             3,847              59,426      0.028% 
                    ================  =================  ==========  =============== 
 

Advanced Medical Solutions Group plc further announces that it was notified on 29 April 2019 that Chris Meredith, who is a Director and PDMR, following the end of the holding period, exercised 32,638 options from the Deferred Annual Bonus Plan (DAB). Mr Meredith elected to receive an additional 369 dividend shares which were earned during the 3 year holding period under the terms of the scheme.

Mr Meredith subsequently sold 33,007 Ordinary Shares of 5p each on 29 April 2019 at a share price of 330p per Ordinary Share. As a result of these transactions Mr Meredith's beneficial interest in the Company has not changed.

Overall Holding

 
 PDMR              Holding prior    Number       Dividend    Number       Sale price   Resultant   % of issued 
                    to exercise      of shares    Shares      of shares    (p)          holding     share capital 
                    (including       exercised    received    sold 
                    DSB purchase) 
 Chris Meredith    1,494,577        32,638       369         33,007       330p         1,494,577   0.7% 
                  ---------------  -----------  ----------  -----------  -----------  ----------  --------------- 
 

Advanced Medical Solutions Group plc also announces that on 24 April 2019, the Board, following a recommendation from the Remuneration Committee, granted new share options to the following Directors under the Advanced Medical Solutions Deferred Annual Bonus Plan (the '2014 DAB').

This award is in respect of the part of their bonus that the Directors and PDMRs are compulsorily required to defer for the 2018 financial year. These options vest at the end of three years. Details of the current DAB holdings of the Directors/PDMRs following these awards and the exercise of DAB options by Chris Meredith are shown below:

 
 Director/PDMR       Options prior        Options granted   Options      Resultant holding 
                      to grant/exercise                      exercised 
 Chris Meredith 
  Chief Executive 
  Officer            77,756               12,859            32,638       57,977 
                    ===================  ================  ===========  ================== 
 Eddie Johnson 
  Chief Financial 
  Officer            20,333               2,209             -            22,542 
                    ===================  ================  ===========  ================== 
 

Advanced Medical Solutions Group plc further announces that on 24 April 2019, the Board, following a recommendation from the Remuneration Committee, granted new share options to the following Directors/PDMRs under the Advanced Medical Solutions Long Term Incentive Plan (the 'LTIP'). The vesting period of these options is subject to certain performance criteria over a three year period.

 
 Director/PDMR       Options prior   Options granted   Resultant holding 
                      to grant 
 Chris Meredith 
  Chief Executive 
  Officer            476,482         182,510           658,992 
                    ==============  ================  ================== 
 Eddie Johnson 
  Chief Financial 
  Officer            105,739         38,783            144,522 
                    ==============  ================  ================== 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name: Chris Meredith 
     --------------------------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status: Director/PDMR 
     --------------------------------------------------------------------- 
 b)   Initial notification/Amendment: Initial Notification 
     --------------------------------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name: Advanced Medical Solutions Group plc 
     --------------------------------------------------------------------- 
 b)   LEI: 213800HJP6OWOSZI1L74 
     --------------------------------------------------------------------- 
 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 5p 
       Identification code: GB0004536594 
     --------------------------------------------------------------------- 
 b)      Nature of the transactions: 
           *    Purchase of 10,182 Ordinary Shares as part of the 
                Deferred Share Bonus Plan on 29 April 2019 at a price 
                of 330p 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): 
       Sale of shares: Price(s)   Volume(s) 
        n/a        n/a 
                  ---------- 
     --------------------------------------------------------------------- 
 d)   Aggregated information: (Relates to those shares sold 
       only) 
       Aggregated volume: n/a 
       Aggregated price: n/a 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 29/04/2019 
     --------------------------------------------------------------------- 
 f)   Place of the transaction: London Stock Exchange, AIM 
       Market (XLON) 
     --------------------------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name: Eddie Johnson 
     --------------------------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status: Director/PDMR 
     --------------------------------------------------------------------- 
 b)   Initial notification/Amendment: Initial Notification 
     --------------------------------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name: Advanced Medical Solutions Group plc 
     --------------------------------------------------------------------- 
 b)   LEI: 213800HJP6OWOSZI1L74 
     --------------------------------------------------------------------- 
 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 5p 
       Identification code: GB0004536594 
     --------------------------------------------------------------------- 
 b)      Nature of the transactions: 
           *    Purchase of 3,847 Ordinary Shares as part of the 
                Deferred Share Bonus Plan on 29 April 2019 at a price 
                of 330p 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): 
       Sale of shares: Price(s)   Volume(s) 
        n/a        n/a 
                  ---------- 
     --------------------------------------------------------------------- 
 d)   Aggregated information: (Relates to those shares sold 
       only) 
       Aggregated volume: n/a 
       Aggregated price: n/a 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 29/04/2019 
     --------------------------------------------------------------------- 
 f)   Place of the transaction: London Stock Exchange, AIM 
       Market (XLON) 
     --------------------------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name: Chris Meredith 

     --------------------------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status: Director/PDMR 
     --------------------------------------------------------------------- 
 b)   Initial notification/Amendment: Initial Notification 
     --------------------------------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name: Advanced Medical Solutions Group plc 
     --------------------------------------------------------------------- 
 b)   LEI: 213800HJP6OWOSZI1L74 
     --------------------------------------------------------------------- 
 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 5p 
       Identification code: GB0004536594 
     --------------------------------------------------------------------- 
 b)      Nature of the transactions: 
           *    Exercise of 32,638 shares from the Deferred Annual 
                Bonus Plan 
 
 
           *    Award of 369 Dividend Shares from the Deferred Annual 
                Bonus Plan 
 
 
           *    Sale of 33,007 Ordinary Shares of 5p 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): 
       Sale of shares: Price(s)    Volume(s) 
        GBP3.300    33,007 
                   ---------- 
     --------------------------------------------------------------------- 
 d)   Aggregated information: (Relates to those shares sold 
       only) 
       Aggregated volume: 33,007 
       Aggregated price: GBP3.300 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 29/04/2019 
     --------------------------------------------------------------------- 
 f)   Place of the transaction: London Stock Exchange, AIM 
       Market (XLON) 
     --------------------------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name: Chris Meredith 
     --------------------------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status: Director/PDMR 
     --------------------------------------------------------------------- 
 b)   Initial notification/Amendment: Initial Notification 
     --------------------------------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name: Advanced Medical Solutions Group plc 
     --------------------------------------------------------------------- 
 b)   LEI: 213800HJP6OWOSZI1L74 
     --------------------------------------------------------------------- 
 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 5p 
       Identification code: GB0004536594 
     --------------------------------------------------------------------- 
 b)      Nature of the transactions: 
           *    Grant of 182,510 options under the Advanced Medical 
                Solutions Long Term Incentive Plan on 24 April 2019 
 
 
           *    Grant of 12,859 options under the Advanced Medical 
                Solutions Deferred Annual Bonus Plan on 24 April 2019 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): 
       Sale of shares: Price(s)   Volume(s) 
        n/a        n/a 
                  ---------- 
     --------------------------------------------------------------------- 
 d)   Aggregated information: (Relates to those shares sold 
       only) 
       Aggregated volume: n/a 
       Aggregated price: n/a 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 24/04/2019 
     --------------------------------------------------------------------- 
 f)   Place of the transaction: London Stock Exchange, AIM 
       Market (XLON) 
     --------------------------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name: Eddie Johnson 
     --------------------------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status: Director/PDMR 
     --------------------------------------------------------------------- 
 b)   Initial notification/Amendment: Initial Notification 
     --------------------------------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name: Advanced Medical Solutions Group plc 
     --------------------------------------------------------------------- 
 b)   LEI: 213800HJP6OWOSZI1L74 
     --------------------------------------------------------------------- 
 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 5p 
       Identification code: GB0004536594 
     --------------------------------------------------------------------- 
 b)      Nature of the transactions: 
           *    Grant of 38,783 options under the Advanced Medical 
                Solutions Long Term Incentive Plan on 24 April 2019 
 
 
           *    Grant of 2,209 options under the Advanced Medical 
                Solutions Deferred Annual Bonus Plan on 24 April 2019 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): 
       Sale of shares: Price(s)   Volume(s) 
        n/a        n/a 
                  ---------- 
     --------------------------------------------------------------------- 
 d)   Aggregated information: (Relates to those shares sold 
       only) 
       Aggregated volume: n/a 
       Aggregated price: n/a 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 24/04/2019 
     --------------------------------------------------------------------- 
 f)   Place of the transaction: London Stock Exchange, AIM 
       Market (XLON) 
     --------------------------------------------------------------------- 
 

-End -

For further information, please visit www.admedsol.com or contact:

 
 Advanced Medical Solutions Group plc                Tel: [phone] 
                                                                545508 
 Chris Meredith, Chief Executive Officer 
  Mary Tavener, Chief Financial Officer 
 
 Consilium Strategic Communications               Tel: [phone] 
                                                                  5700 
 Mary-Jane Elliott / Matthew Neal / Nicholas   [e-mail] 
  Brown / Olivia Manser 
 
 Investec Bank PLC (NOMAD & Broker)               Tel: [phone] 
                                                                  5970 
 Daniel Adams / Patrick Robb / Gary Clarence 
 

About Advanced Medical Solutions Group plc - see www.admedsol.com

AMS is a world-leading independent developer and manufacturer of innovative and technologically advanced products for the global surgical and wound care markets, focused on quality outcomes for patients and value for payors. AMS has a wide range of products that include tissue adhesives, sutures, biosurgical devices, internal sealants, silver alginates, alginates and foams, which it markets under its brands; LiquiBand(R), LiquiBand(R) Fix 8(TM), RESORBA(R) and ActivHeal(R) as well as supplying under white label.

AMS's products, manufactured out of two sites in the UK, one in the Netherlands, two in Germany and one in the Czech Republic, are sold in more than 75 countries via a network of multinational or regional partners and distributors, as well as via AMS's own direct sales forces in the UK, Germany, the Czech Republic and Russia. Established in 1991, the Group has approximately 630 employees. For more information, please see www.admedsol.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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April 29, 2019 12:27 ET (16:27 GMT)