Inspiration Healthcare Group PLC Grant of Options (1828C)

TIDMIHC

RNS Number : 1828C

Inspiration Healthcare Group PLC

09 June 2023

9 June 2023

Inspiration Healthcare Group plc

("Inspiration Healthcare", the "Company" or the "Group")

Grant of Options

Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company, announces that it has granted a total of 573,539 nil cost options over ordinary shares of 10 pence each in the capital of the Company ("Options") under the Inspiration Healthcare Group Long Term Incentive Plan (the "LTIP"), including a total of 417,970 Options to four Persons Discharging Managerial Responsibilities ("PDMRs") as detailed below.

The Options are exercisable at nil cost and are subject to operational performance criteria measured over a three year period ending on 31 January 2026.

For further information:

 
 Inspiration Healthcare Group          Tel: [phone] 
   plc 
  Neil Campbell, Chief Executive 
   Officer 
 
  Liberum (Nominated Adviser &          Tel: [phone] 
   Broker) 
  Phil Walker, Richard Lindley, 
   William Hall, Will King 
 
  Walbrook PR Ltd (Media and Investor   Tel: [phone] 
   Relations) 
  Anna Dunphy/Stephanie Cuthbert 
 

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                1. Neil Campbell 
                           2. Brook Nolson 
                           3. Martin Pearcy 
                           4. Peter Reynolds 
     ------------------  ----------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status     1. P DMR (CEO) 
                           2. PDMR (COO) 
                           3. PDMR 
                           4. PDMR 
     ------------------  ----------------------------------------------- 
 b)   Initial             Initial 
       notification 
       /Amendment 
     ------------------  ----------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                Inspiration Healthcare Group plc 
     ------------------  ----------------------------------------------- 
 b)   LEI                 213800GKFT3ENAPMDL15 
     ------------------  ----------------------------------------------- 
 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         O ptions over Ordinary Shares of 10p each 
       of the              in the capital of the Company 
       financial           ISIN: GB00BXDZL105 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     ------------------  ----------------------------------------------- 
 b)   Nature              Grant of Options under the Long Term Incentive 
       of the              Plan 
       transaction 
     ------------------  ----------------------------------------------- 
 c)   Price(s)              Price(s)   Volume(s) 
       and volume(s)         1. Nil     1. 155,043 
                              2. Nil     2. 124,034 
                              3. Nil     3. 87,212 
                              4. Nil     4. 51,681 
     ------------------  ----------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated         N/A - single transaction 
       volume 
       - Price 
     ------------------  ----------------------------------------------- 
 e)   Date of             8 June 2023 
       the transaction 
     ------------------  ----------------------------------------------- 
 f)   Place of            Outside of a trading venue 
       the transaction 
     ------------------  ----------------------------------------------- 
 

About Inspiration Healthcare

Inspiration Healthcare (AIM: IHC) is a global provider of medical technology for use in neonatal intensive care & operating theatres. The Company provides high quality innovative products to patients around the world which help to improve patient outcomes and it actively invests in innovative product opportunities and disruptive technologies.

The Company has key own brand products that can be used within the first days of life to help premature and sick babies; helping resuscitation and stabilisation in the first moments of life through to preventing brain damage and both invasive and non-invasive respiratory support in terms of capital equipment and disposable medical devices. Additionally, the Company has its own range of products for maintaining normothermia pre, during and post-surgery.

Since September 2019, the Company has acquired Vio Holdings a designer, manufacturer and supplier of single use respiratory products and sterile medical consumables and S.L.E., a leading designer, manufacturer and global provider of neonatal ventilation products. The Group generates approximately 58% of its revenues from export markets and more than half of its revenues come from its own-branded products.

With product availability actively promoted to over 80 countries through a distribution network, Inspiration Healthcare's success has been built on continuous innovation, excellent customer service and an inherent commitment to improving patient outcomes, working in close collaboration with key opinion leaders across the globe.

In the UK and Ireland, the Group has direct sales teams selling Group Branded and complementary products from third parties, with an additional range of home healthcare products. This is supported by Technical Support for planned preventative maintenance and emergency assistance.

The Group operates from various sites in the UK for R&D, Marketing and operations with manufacturing based in Croydon (south London) and Hailsham (East Sussex). The Group's Head Office is located in Crawley, a short distance from London's Gatwick Airport.

Further information on Inspiration Healthcare can be found at www.inspirationhealthcaregroup.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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFFFSVRFITIIV

(END) Dow Jones Newswires

June 09, 2023 02:00 ET (06:00 GMT)