Advanced Medical Solutions Grp PLC Director/PDMR Shareholding (5116V)

TIDMAMS

RNS Number : 5116V

Advanced Medical Solutions Grp PLC

14 April 2021

 
   14 April 2021 
 

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 the following PDMR share transactions.

As part of the Company's Deferred Share Bonus Plan (DSB), Executive Directors and employees can sacrifice part of their annual bonus to be invested in the DSB, which for every share purchased on behalf of the employee they receive matching shares which are deferred for a minimum of three years. As a result of there being no Executive bonuses being awarded for the financial year ended 31 December 2020 due to the financial impact of COVID-19, Chris Meredith (CEO) and Eddie Johnson (CFO) have elected to sell certain existing shares to use the proceeds to re-invest in the DSB. The decision to participate in the DSB was taken on 7 April 2021.

The Company was notified on 9 April 2021 that following his decision to participate on 7 April, Chris Meredith, who is a Director and PDMR, executed the exercise of 23,369 options from the existing Deferred Annual Bonus Plan (DAB) . Chris Meredith elected to receive an additional 272 dividend shares which were earned during the holding period under the terms of the DAB. Chris Meredith has also executed the exercise of 3,010 Ordinary Shares of 5p from the existing DSB and subsequently sold 28,156 Ordinary Shares of 5p each on 9 April 2021 at a share price of 241p per Ordinary Share. The proceeds from the sale of the shares will be used to purchase shares in the DSB which administratively occurs in May 2021, and will increase Chris Meredith's beneficial interest in the Company from the level prior to these transactions.

As a result of these transactions Chris Meredith's beneficial interest in the Company is as follows, prior to the purchase of shares in May 2021:

Deferred Share Bonus Plan (DSB)

 
 PDMR              No. of DSBs          DSBs exercised   Ordinary       Ordinary           DSBs after 
                    prior to exercise                     Shares sold    Shares retained    exercise 
 Chris Meredith    60,300               3,010            3,010          Nil                57,290 
                  -------------------  ---------------  -------------  -----------------  ----------- 
 

Deferred Annual Bonus Plan (DAB)

 
 PDMR              DABs prior     DABs exercised   Dividend           Ordinary   Ordinary           DABs after 
                    to exercise                     Shares received    Shares     Shares retained    exercise 
                                                                       sold 
 Chris Meredith    57,977         23,369           272                23,641     Nil                34,608 
                  -------------  ---------------  -----------------  ---------  -----------------  ----------- 
 

Overall Holding

 
 PDMR              Holding        Number       Dividend    Number       Sale price   Resultant   % of issued 
                    prior          of shares    Shares      of shares    (p)          holding     share capital 
                    to exercise    exercised    received    sold 
 Chris Meredith    1,511,550      26,379       272         28,156       241p         1,510,045   0.7% 
                  -------------  -----------  ----------  -----------  -----------  ----------  --------------- 
 

The Company was notified on 9 April 2021 that following his decision to participate on 7 April, Eddie Johnson , who is a Director and PDMR, executed the exercise of 17,254 Ordinary Shares of 5p from the existing DSB and subsequently sold 19,193 Ordinary Shares of 5p each on 9 April 2021 at a share price of 241p per Ordinary Share. The proceeds from the sale of the shares will be entirely used to purchase shares in the DSB which administratively occurs in May 2021, and will increase Eddie Johnson's beneficial interest in the Company from the level prior to these transactions.

As a result of these transactions Eddie Johnson's beneficial interest in the Company is as follows, prior to the purchase of shares in May 2021:

Deferred Share Bonus Plan (DSB)

 
 PDMR             No. of DSBs          DSBs exercised   Ordinary       Ordinary           DSBs after 
                   prior to exercise                     Shares sold    Shares retained    exercise 
 Eddie Johnson    91,618               17,254           17,254         Nil                74,364 
                 -------------------  ---------------  -------------  -----------------  ----------- 
 

Overall Holding

 
 PDMR             Holding        Number       Dividend    Number       Sale price   Resultant   % of issued 
                   prior          of shares    Shares      of shares    (p)          holding     share capital 
                   to exercise    exercised    received    sold 
 Eddie Johnson    67,967         17,254       0           19,193       241p         66,028      0.03% 
                 -------------  -----------  ----------  -----------  -----------  ----------  --------------- 
 

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: 
           *    Exercise of 23,369 shares from the Deferred Annual 
                Bonus Plan 
 
 
           *    Award of 272 Dividend Shares from the Deferred Annual 
                Bonus Plan 
 
 
           *    Exercise of 3,010 shares from the Deferred Share 
                Bonus Plan 
 
 
           *    Sale of 28,156 Ordinary Shares of 5p 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): 
       Sale of shares: Price(s)    Volume(s) 
        GBP2.41     28,156 
                   ---------- 
     --------------------------------------------------------------------- 
 d)   Aggregated information: (Relates to those shares sold 
       only) 
       Aggregated volume: 28,156 
       Aggregated price: GBP2.41 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 09/04/2021 
     --------------------------------------------------------------------- 
 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 transaction: 
           *    Exercise of 17,254 shares from the Deferred Share 
                Bonus Plan 
 
 
           *    Sale of 19,193 Ordinary Shares of 5p 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): 
       Sale of shares: Price(s)    Volume(s) 
        GBP2.41     19,193 
                   ---------- 

     --------------------------------------------------------------------- 
 d)   Aggregated information: (Relates to those shares sold 
       only) 
       Aggregated volume: 19,193 
       Aggregated price: GBP2.41 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 09/04/2021 
     --------------------------------------------------------------------- 
 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 
  Eddie Johnson, Chief Financial Officer 
 
 Consilium Strategic Communications             Tel: [phone] 
                                                                5700 
 Mary-Jane Elliott / Matthew Neal / Olivia   [e-mail] 
  Manser 
 
 Investec Bank PLC (NOMAD & Broker)             Tel: [phone] 
                                                                5970 
 Daniel Adams / Gary Clarence / Patrick 
  Robb 
 

About Advanced Medical Solutions Group plc

AMS is a world-leading independent developer and manufacturer of innovative and technologically advanced products for the global surgical and woundcare markets, focused on quality outcomes for patients and value for payers. AMS has a wide range of surgical products including tissue adhesives, sutures, haemostats, and internal fixation devices, which it markets under its brands LiquiBand(R) , RESORBA(R) , and LiquiBandFix8(R) . AMS also supplies wound care dressings such as silver alginates, alginates and foams through its ActivHeal(R) brand as well as under white label. In 2019, the Group made two acquisitions: Sealantis, an Israeli medical device company with a patent-protected sealant technology platform; and Biomatlante, an established developer and manufacturer of innovative surgical biomaterial technologies based in France. In 2020, the Group acquired Raleigh Adhesive Coatings, a leading coater and converter of materials predominately for woundcare and bio-diagnostics products based in the UK.

AMS's products, manufactured in the UK, Germany, France, the Netherlands, and the Czech Republic, are sold globally 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. The Group has R&D innovation hubs in the UK, Germany, France and Israel. Established in 1991, the Group has approximately 700 employees. For more information, please see www.admedsol.com .

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April 14, 2021 13:13 ET (17:13 GMT)