Surgical Innovations Group PLC Distribution agreement via Elemental Healthcare (1518G)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Surgical Innovations Group Plc	LSE:SUN	London	Ordinary Share	GB0004016704	ORD 1P

Share Name

Share Symbol

Market

Type

Share ISIN

Share Description

Surgical Innovations Group Plc

LSE:SUN

London

Ordinary Share

GB0004016704

ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	0.50	0.40	0.60	0.50	0.50	0.50	1,162,877	08:00:00

Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

0.00

0.00%

0.50

0.40

0.60

0.50

1,162,877

08:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Surgical,med Instr,apparatus	11.34M	264k	0.0003	16.67	4.66M

Industry Sector

Turnover

Profit

EPS - Basic

PE Ratio

Market Cap

Surgical,med Instr,apparatus

11.34M

264k

0.0003

16.67

4.66M

Surgical Innovations Group PLC Distribution agreement via Elemental Healthcare (1518G)

28/02/2018 7:00am

UK Regulatory

Surgical Innovations (LSE:SUN)
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RNS Number : 1518G

Surgical Innovations Group PLC

28 February 2018

Surgical Innovations Group plc

("Surgical Innovations")

Elemental Healthcare extend Microline inc. distribution agreement

Surgical Innovations Group plc (AIM: SUN), the designer and manufacturer of innovative technology for minimally invasive surgery ("MIS"), announces that its wholly owned subsidiary, Elemental Healthcare Limited, has signed an additional three year exclusive UK distribution agreement with Microline Surgical Inc, Boston USA ("Microline") which was due for renewal on 31 March 2018. Microline manufactures instruments for MIS that are complementary to the Surgical Innovations branded range. The new distribution agreement is expected to generate revenue of an estimated GBP7m over the duration of the contract.

David Marsh, Group Commercial Director of Surgical Innovations Group plc, commented: "Microline has been one of the cornerstones of the Elemental Healthcare business for the last ten years and we are delighted to continue this partnership. Microline share the same ethos of cost containment and reduction in clinical waste as Surgical Innovations, allowing Elemental Healthcare to provide unique solutions to the NHS and private healthcare providers which make significant savings with procedural kits."

Johan van Doremalen, General Manager EMEA, Microline Surgical BV commented: "Elemental Healthcare has been an important partner for us in Europe for nearly 10 years and we are delighted to continue this relationship with one of the leading MIS distributors in the UK."

For further information please contact:

 
 Surgical Innovations Group                                                   www.sigroupplc.com 
  plc 
 Nigel Rogers, Executive                                                      Tel: 0113 230 7597 
  Chairman 
 Melanie Ross, COO & CFO 
 
 WH Ireland Limited (NOMAD                                                    Tel: 0113 394 6600 
  & Broker) 
 Tim Feather 
  Alex Bond 
 
 Walbrook PR (Financial PR                                                 Tel: 020 7933 8780 or 
  & Investor Relations)                                                        si@walbrookpr.com 
 Paul McManus                                                                 Mob: 07980 541 893 
 Lianne Cawthorne                                                             Mob: 07584 391 303

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGRGMGZZRNMGRZM

(END) Dow Jones Newswires

February 28, 2018 02:00 ET (07:00 GMT)

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SUN Surgical Innovations Group Plc