Deltex Medical Group PLC Director Dealing (8879Y)

TIDMDEMG

RNS Number : 8879Y

Deltex Medical Group PLC

28 August 2018

28 August 2018

Deltex Medical Group plc

("Deltex Medical" or the "Company")

Director Dealing

Deltex Medical Group plc (AIM: DEMG), the global leader in Oesophageal Doppler Monitoring ("ODM"), was informed on Friday 24 August that Nigel Keen, Chairman of the Company, had that day purchased 2,000,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") at a price of 0.9 pence per Ordinary Share.

Following these transactions, Mr Keen's beneficial ownership is 54,223,410 Ordinary Shares, representing approximately 11 per cent. of Deltex Medical's issued ordinary share capital.

For further information, please contact:-

 
 Deltex Medical Group plc         01243 774 837 
                                   [e-mail] 
 Nigel Keen, Chairman 
 Andy Mears, Chief Executive 
 Jonathan Shaw, Group Finance 
  Director 
 
 Nominated Adviser & Broker 
 Arden Partners plc               020 7614 5900 
 Chris Hardie 
  Ciaran Walsh 
 
 Joint Broker 
 Turner Pope Investments (TPI)    0203 621 4120 
  Ltd                              [e-mail] 
 Andy Thacker 
 
   Financial Public Relations 
 IFC Advisory                     0203 934 6630 
 Tim Metcalfe 
  Graham Herring 
  Heather Armstrong 
 
 

Notes for Editors

Deltex Medical manufactures and markets haemodynamic monitoring technologies. Deltex Medical's proprietary ODM (TrueVue(TM) Doppler) is the only technology to measure 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 group in the enhanced haemodynamic space to build a robust and credible evidence base proving the clinical and economic benefits of its core technology, TrueVue(TM) Doppler, which is proven to reduce complications suffered by patients after surgery and save hospitals the costs of treating those complications.

Deltex Medical's TrueVue(TM) System on the CardioQ-ODM+ monitor platform also now provides clinicians with two further advanced haemodynamic monitoring technologies. High Definition Impedance Cardiography (TrueVue(TM) Impedance) is an entirely non-invasive monitoring technology which creates an electrical field across the chest and measures the disruption to this field when the heart pumps blood. Pulse Pressure Waveform Analysis

(TrueVue(TM) Pressurewave) uses peripheral blood pressure signal analysis to give doctors information on changes in the circulation and is particularly suited to monitoring lower risk or haemodynamically stable patients.

Group goal

Haemodynamic management is now becoming widely accepted as an important major new medical modality. Consequently, the Group's focus is on maximising value from the opportunities presented, as enhanced haemodynamic management is adopted into routine clinical practice around the world. The Group aims to provide clinicians with a single platform, a 'haemodynamic workstation', which offers them a range of technologies from simple to sophisticated to be deployed according to the patient's condition as well as the skill and expertise of the user. Doing this will enable the Group to partner healthcare providers to support modern haemodynamic management across the whole hospital.

The Group 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.

Note: This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

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

 
  1   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Names                      Nigel Keen - Chairman 
     -------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status            See 1(a) above for position - classified 
                                  as a PDMR of Deltex Medical 
     -------------------------  ------------------------------------------- 
 b)   Initial notification       Initial 
       /Amendment 
     -------------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                       Deltex Medial Group plc 
     -------------------------  ------------------------------------------- 
 b)   LEI                        213800XN34P6LI8J6M39 
     -------------------------  ------------------------------------------- 
 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             Ordinary shares of 1 penny each ("Ordinary 
       the financial              Shares") 
       instrument, type 
       of instrument 
     -------------------------  ------------------------------------------- 
 b)   Identification             GB0059337583 
       code 
     -------------------------  ------------------------------------------- 
 c)   Nature of the              Purchase of Ordinary Shares 
       transaction 
     -------------------------  ------------------------------------------- 
 d)   Price(s) and volume(s)      Prices(s)    Volume(s) 
                                   0.9 pence    2,000,000 
                                               ---------- 
     -------------------------  ------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume 
       - Price 
                                  2,000,000 
 
                                  0.9 pence 
     -------------------------  ------------------------------------------- 
 e)   Date of the transaction 
                                  24 August 2018 
     -------------------------  ------------------------------------------- 
 f)   Place of the transaction 
                                  London Stock Exchange, AIM Market (XLON) 
     -------------------------  ------------------------------------------- 
 

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.

END

DSHLIFITTVIDFIT

(END) Dow Jones Newswires

August 28, 2018 02:01 ET (06:01 GMT)