Deltex Medical Group PLC Director Dealing (2300X)

TIDMDEMG

RNS Number : 2300X

Deltex Medical Group PLC

18 December 2019

18 December 2019

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 yesterday that a number of Directors purchased ordinary shares in the Company ("Ordinary Shares") at a price of 1.12 pence per Ordinary Share and now hold the following number of Ordinary Shares as stated in the table below:

 
 Director              Board position         Ordinary        Number of Ordinary   Percentage of 
                                           Shares purchased       Shares held       issued share 
                                                                  post share        capital held 
                                                                   purchase 
                        Non-Executive 
 Nigel Keen                Chairman           1,821,429           64,740,491           12.5% 
                     ------------------  ------------------  -------------------  -------------- 
                        Non-Executive 
 Julian Cazalet            Director            892,857            9,397,927            1.8% 
                     ------------------  ------------------  -------------------  -------------- 
 David Moorhouse      Finance Director         446,429             459,834             0.1% 
                     ------------------  ------------------  -------------------  -------------- 
                        Non-Executive 
 Sir Duncan Nichol         Director            446,429            2,754,136            0.5% 
                     ------------------  ------------------  -------------------  -------------- 
                        Non-Executive 
 Mark Wippell              Director            892,857            2,481,831            0.5% 
                     ------------------  ------------------  -------------------  -------------- 
 

For further information, please contact:-

 
  Deltex Medical Group plc          01243 774 837 
  Nigel Keen, Chairman              [e-mail] 
  Andy Mears, Chief Executive 
  David Moorhouse, Group Finance 
   Director 
 
 
   Nominated Adviser & Broker 
  Arden Partners plc                020 7614 5900 
  Ciaran Walsh 
   Dan Gee-Summons 
 
 
  Joint Broker 
  Turner Pope Investments (TPI) 
   Ltd                              0203 657 0050 
  Andy Thacker                      [e-mail] 
   Zoe Alexander 
 

Notes for Editors

Deltex Medical manufactures and markets haemodynamic monitoring technologies. Deltex Medical's proprietary oesophageal doppler monitoring ("ODM") (TrueVue 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 such changes in 'real time'. Deltex Medical 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 Doppler, which has been demonstrated to reduce complications suffered by patients after surgery and save hospitals the costs of treating those complications.

Deltex Medical's TrueVue System on the CardioQ-ODM+ monitor platform now provides clinicians with two further advanced haemodynamic monitoring technologies. TrueVue 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. TrueVue PressureWave uses the 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 part of the anaesthesia protocol for high risk surgical patients. 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 and the USA - and through distribution arrangements in approximately 40 other 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 persons discharging managerial responsibilities 
       / person closely associated 
 a)   Names                            A. Nigel Keen - Non Executive Chairman 
                                        B. Julian Cazalet - Non Executive Director 
                                        C. David Moorhouse - Finance Director 
                                        D. Sir Duncan Nichol- Non Executive Director 
                                        E. Mark Wippell - Non Executive Director 
     --------------------------  --------------------------------------------------- 
 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 Medical 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 the 
       financial instrument, 
       type of instrument          Ordinary shares of 1 penny each ("Ordinary 
                                   Shares") 
     --------------------------  --------------------------------------------------- 
 b)   Identification code         GB0059337583 
     --------------------------  --------------------------------------------------- 
 c)   Nature of the transaction 
                                   Purchase of Ordinary Shares 
     --------------------------  --------------------------------------------------- 
 d)   Price(s) and volume(s)      Director     Prices(s)    Volume(s) 
                                       A       1.12 pence    1,821,429 
                                              ------------  ---------- 
                                       B       1.12 pence     892,857 
                                              ------------  ---------- 
                                       C       1.12 pence     446,429 
                                              ------------  ---------- 
                                       D       1.12 pence     446,429 
                                              ------------  ---------- 
                                       E       1.12 pence     892,857 
                                              ------------  ---------- 
     --------------------------  --------------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume 
       - Price                     4,500,000 
 
                                   1.12 pence 
     --------------------------  --------------------------------------------------- 
 e)   Date of the transaction     17 December 2019 
     --------------------------  --------------------------------------------------- 
 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.

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December 18, 2019 02:00 ET (07:00 GMT)