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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Creo Medical Group Plc | LSE:CREO | London | Ordinary Share | GB00BZ1BLL44 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 36.25 | 36.00 | 36.50 | 36.25 | 36.25 | 36.25 | 4,829 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Surgical,med Instr,apparatus | 27.17M | -26.94M | -0.0746 | -4.86 | 130.95M |
TIDMCREO
RNS Number : 3952D
Creo Medical Group PLC
19 February 2020
Creo Medical Group plc
("Creo" the "Company" or the "Group")
LTIP Awards and Issue of Equity
Creo Medical Group plc (AIM: CREO), the medical device company focused on the emerging field of surgical endoscopy, announces that it is giving effect to the disclosure made in the Circular dated 4 December 2019, and has as of 18 February 2020, granted the following Directors ("Participants") an interest over 370,000 ordinary shares ("LTIP Shares") of 0.1 pence each in the capital of the Company ("Ordinary Shares"), representing approximately 0.2% of the enlarged issued share capital of the Company, pursuant to the Company's newly established Long Term Incentive Plan ("LTIP").
Director Position LTIP Shares ----------------- ------------------ ------------ Chief Executive Craig Gulliford Officer 140,000 Chief Technology Chris Hancock Officer 115,000 Chief Finance Richard Rees Officer 115,000
The Company has made an application for 7,000,000 new Ordinary Shares to be admitted to trading on AIM. These new Ordinary Shares will be held by the Company's Employee Benefit Trust ("EBT") and will be used to satisfy exercises of shares currently under option, as well as for future LTIP awards. The voting rights on these new Ordinary Shares will be exercisable by the trustee of the EBT ("Trustee") at its sole discretion.
The Participant and the Trustee jointly own the beneficial interest of the LTIP Shares. The Participant is entitled to any value above the Hurdle Price of GBP2.50 per share and the Trustee entitled to all value below the Hurdle Price. The Participant has also been granted an option to acquire the Trustee's beneficial interest in the LTIP shares, which vests three years after the acquisition date (subject to remaining in eligible employment) and the exercise of which is subject to a three-month holding period once vested.
Application will be made for 7,000,000 new Ordinary Shares to be admitted to trading on AIM. It is expected that admission will take place on 21 February 2020. Following the allotment and issue, the Company's issued share capital consists of 157,484,021 Ordinary Shares. The Company does not hold any shares in Treasury, as such the total number of shares in issue with voting rights is 157,484,021.
The above figure of 157,484,021 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Enquiries:
Creo Medical Group plc investors.creomedical.com Richard Rees (CFO) +44 (0)1291 606 005 Cenkos Securities plc +44 (0)20 7397 8900 Stephen Keys / Cameron MacRitchie (NOMAD) Michael Johnson / Russell Kerr (Sales) Walbrook PR Ltd Tel: +44 (0)20 7933 8780 or creo@walbrookpr.com Paul McManus / Lianne Cawthorne Mob: +44 (0)7980 541 893 / +44 (0)7515 909 238
The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).
1 Details of the person discharging managerial responsibilities / person closely associated a) Name 1. Craig Gulliford 2. Chris Hancock 3. Richard Rees ----------------------------- --------------------------------------------- 2 Reason for the notification ---------------------------------------------------------------------------- a) Position/status 1. Chief Executive Officer 2. Chief Technology Officer 3. Chief Finance Officer ----------------------------- --------------------------------------------- b) Initial notification Initial notification /Amendment ----------------------------- --------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---------------------------------------------------------------------------- a) Name Creo Medical Group plc ----------------------------- --------------------------------------------- b) LEI 213800H188ZDCWWXFA21 ----------------------------- --------------------------------------------- 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 Ordinary shares of GBP0.001 each financial instrument, type of instrument Identification code GB00BZ1BLL44 b) Nature of the transaction Allocation of Ordinary Shares under the Creo Medical Group plc LTIP 2020 ----------------------------- --------------------------------------------- c) Price(s) and volume(s) --------------- ------------ Price(s) pence Volume(s) --------------- ------------ 1. nil 1. 140,000 2. nil 2. 115,000 3. nil 3. 115,000 --------------- ------------ d) Aggregated information - Aggregated volume N/A - single transaction - Price e) Date of the transaction 18 February 2020 ----------------------------- --------------------------------------------- f) Place of the transaction Outside a trading venue ----------------------------- ---------------------------------------------
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 rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
February 19, 2020 02:00 ET (07:00 GMT)
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