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SUN Surgical Innovations Group Plc

0.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
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 1,354,154 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

Surgical Innovations Group PLC Grant of Options (0230V)

31/10/2017 7:00am

UK Regulatory


Surgical Innovations (LSE:SUN)
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TIDMSUN

RNS Number : 0230V

Surgical Innovations Group PLC

31 October 2017

Surgical Innovations Group plc

(the "Company")

Grant of Options

The Company announces that on 31 October 2017 options to acquire 31,000,000 ordinary shares of 1p each ("Ordinary Shares") were granted to directors and employees (the "New Options").

The number of New Options granted to directors and PDMRs is as follows:

 
 Director/PDMR    Role                           No. of   New Options     Total no. 
                                                options       granted    of options 
                                        held previously                        held 
 
 Melanie 
  Ross            COO/CFO                     4,750,000     3,000,000     7,750,000 
                  Group Development 
 Adam Power        Director                   1,000,000     6,000,000     7,000,000 
                  Group Commercial 
 David Marsh       Director                   1,000,000     6,000,000     7,000,000 
 Michael          Non-Executive 
  McMahon          Director                   4,750,000     1,750,000     6,500,000 
 Charmaine 
  Day             Company Secretary           1,500,000     1,500,000     3,000,000 
 Nigel Rogers     Chairman                            -     1,750,000     1,750,000 
 
 

All of the New Options are subject to an exercise price of 3.25p per share.

In the case of non-directors, New Options become exercisable on the third anniversary of the date of grant, subject to the individual remaining in the Company's employment at that time, and remain exercisable until the tenth anniversary of the date of grant.

For directors, New Options will only vest subject to the closing price of the Ordinary Shares being at or above one of the following milestones over ten consecutive trading days during the relevant period:

 
              Share price 
 By                   (p) 
 
 31-Dec-20           5.40 
 31-Dec-21           5.81 
 31-Dec-22           6.24 
 31-Dec-23           6.71 
 31-Dec-24           7.21 
 31-Dec-25           7.75 
 31-Dec-26           8.33 
 31-Dec-27           8.96 
 

Subject to the New Options granted to directors having vested, they are exercisable between the third and tenth anniversaries of the date of grant.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.

For further information please visit www.sigroupplc.com or contact:

Enquiries:

For further information please contact:

 
 Surgical Innovations Group Plc        www.sigroupplc.com 
 Nigel Rogers, Executive Chairman      Tel: 0113 230 7597 
 Melanie Ross, COO & CFO 
 
 WH Ireland Limited (NOMAD &           Tel: 0113 394 6600 
  Broker) 
 Tim Feather 
 Alex Bond 
 
 Walbrook PR                           Tel: 020 7933 8780 
                                     or si@walbrookpr.com 
 Paul McManus                              Mob: 07980 541 
                                                      893 
 Lianne Cawthorne                          Mob: 07584 391 
                                                      303 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Melanie Ross 
---  --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Operating Officer and Chief Financial Officer, 
                                                                Surgical Innovations Group plc 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/ Amendment                           Initial Notification 
---  --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Surgical Innovations Group plc 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       2138004GHGUH3HUZE156 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of 1p 
      instrument 
 
      Identification code                                        GB0004016704 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transactions                                Grant of options 
---  --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                 ---------  ---------- 
                                                                  3.25p      3,000,000 
                                                                 ---------  ---------- 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                   N/A 
                                                                  N/A 
 
         *    Price 
---  --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   31 October 2017 
---  --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
---  --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                     Adam Power 
---  -------------------------------------------------------  -------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                          Group Development Director, Surgical Innovations Group 
                                                               plc 
---  -------------------------------------------------------  -------------------------------------------------------- 
 b)   Initial notification/ Amendment                          Initial Notification 
---  -------------------------------------------------------  -------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                     Surgical Innovations Group plc 
---  -------------------------------------------------------  -------------------------------------------------------- 
 b)   LEI                                                      2138004GHGUH3HUZE156 
---  -------------------------------------------------------  -------------------------------------------------------- 
 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         Ordinary shares of 1p 
      instrument 
 
      Identification code                                       GB0004016704 
---  -------------------------------------------------------  -------------------------------------------------------- 
 b)   Nature of the transactions                               Grant of options 
---  -------------------------------------------------------  -------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                ---------  ---------- 
                                                                 3.25p      6,000,000 
                                                                ---------  ---------- 
---  -------------------------------------------------------  -------------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                  N/A 
                                                                 N/A 
 
         *    Price 
---  -------------------------------------------------------  -------------------------------------------------------- 
 e)   Date of the transaction                                  31 October 2017 
---  -------------------------------------------------------  -------------------------------------------------------- 
 f)   Place of the transaction                                 Outside a trading venue 
---  -------------------------------------------------------  -------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                     David Marsh 
---  -------------------------------------------------------  -------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                          Group Commercial Director, Surgical Innovations Group 
                                                               plc 
---  -------------------------------------------------------  -------------------------------------------------------- 
 b)   Initial notification/ Amendment                          Initial Notification 
---  -------------------------------------------------------  -------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                     Surgical Innovations Group plc 
---  -------------------------------------------------------  -------------------------------------------------------- 
 b)   LEI                                                      2138004GHGUH3HUZE156 
---  -------------------------------------------------------  -------------------------------------------------------- 
 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         Ordinary shares of 1p 
      instrument 
 
      Identification code                                       GB0004016704 
---  -------------------------------------------------------  -------------------------------------------------------- 
 b)   Nature of the transactions                               Grant of options 
---  -------------------------------------------------------  -------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                ---------  ---------- 
                                                                 3.25p      6,000,000 
                                                                ---------  ---------- 
---  -------------------------------------------------------  -------------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                  N/A 
                                                                 N/A 
 
         *    Price 
---  -------------------------------------------------------  -------------------------------------------------------- 
 e)   Date of the transaction                                  31 October 2017 
---  -------------------------------------------------------  -------------------------------------------------------- 
 f)   Place of the transaction                                 Outside a trading venue 
---  -------------------------------------------------------  -------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Michael McMahon 
---  --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Non-Executive Director, Surgical Innovations Group plc 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/ Amendment                           Initial Notification 
---  --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Surgical Innovations Group plc 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       2138004GHGUH3HUZE156 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of 1p 
      instrument 
 
      Identification code                                        GB0004016704 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transactions                                Grant of options 
---  --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                 ---------  ---------- 
                                                                  3.25p      1,750,000 
                                                                 ---------  ---------- 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                   N/A 
                                                                  N/A 
 
         *    Price 
---  --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   31 October 2017 
---  --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
---  --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ---------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Charmaine Day 
---  ------------------------------------------------------------  -------------------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Company Secretary, Surgical Innovations Group plc 
---  ------------------------------------------------------------  -------------------------------------------------- 
 b)   Initial notification/ Amendment                               Initial Notification 
---  ------------------------------------------------------------  -------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Surgical Innovations Group plc 
---  ------------------------------------------------------------  -------------------------------------------------- 
 b)   LEI                                                           2138004GHGUH3HUZE156 
---  ------------------------------------------------------------  -------------------------------------------------- 
 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 1p 
 
       Identification code 
                                                                     GB0004016704 
---  ------------------------------------------------------------  -------------------------------------------------- 
 b)   Nature of the transactions                                    Grant of options 
---  ------------------------------------------------------------  -------------------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                     ---------  ---------- 
                                                                      3.25p      1,500,000 
                                                                     ---------  ---------- 
---  ------------------------------------------------------------  -------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       N/A 
                                                                      N/A 
 
         *    Price 
---  ------------------------------------------------------------  -------------------------------------------------- 
 e)   Date of the transaction                                       31 October 2017 
---  ------------------------------------------------------------  -------------------------------------------------- 
 f)   Place of the transaction                                      Outside a trading venue 
---  ------------------------------------------------------------  -------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Nigel Rogers 
---  ------------------------------------------------------------  ----------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Chairman, Surgical Innovations Group plc 
---  ------------------------------------------------------------  ----------------------------------------- 
 b)   Initial notification/ Amendment                               Initial Notification 
---  ------------------------------------------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Surgical Innovations Group plc 
---  ------------------------------------------------------------  ----------------------------------------- 
 b)   LEI                                                           2138004GHGUH3HUZE156 
---  ------------------------------------------------------------  ----------------------------------------- 
 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 1p 
 
       Identification code 
                                                                     GB0004016704 
---  ------------------------------------------------------------  ----------------------------------------- 
 b)   Nature of the transactions                                    Grant of options 
---  ------------------------------------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                     ---------  ---------- 
                                                                      3.25p      1,750,000 
                                                                     ---------  ---------- 
---  ------------------------------------------------------------  ----------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       N/A 
                                                                      N/A 
 
         *    Price 
---  ------------------------------------------------------------  ----------------------------------------- 
 e)   Date of the transaction                                       31 October 2017 
---  ------------------------------------------------------------  ----------------------------------------- 
 f)   Place of the transaction                                      Outside a trading venue 
---  ------------------------------------------------------------  ----------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBRBDGUUXBGRG

(END) Dow Jones Newswires

October 31, 2017 03:00 ET (07:00 GMT)

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