Surgical Innovations Group PLC Grant of Options (0849U)

TIDMSUN

RNS Number : 0849U

Surgical Innovations Group PLC

27 March 2019

27 March 2019

Surgical Innovations Group plc

("Surgical Innovations" or "the Company")

Grant of Options

Surgical Innovations Group plc (AIM: SUN), the designer, manufacturer and distributor of innovative medical technology for minimally invasive surgery, announces that the Board has resolved to grant share options under the existing Enterprise Management Incentive scheme to acquire a maximum of 12,050,000 ordinary shares in the Company at an exercise price of 3.50 pence each, exercisable between 28 March 2022 and 27 March 2029 (the "Options").

The Options have been granted to a number of key personnel, including awards to PDMRs of 3,000,000 Options to Melanie Ross, Chief Financial Officer of the Company and 600,000 to Charmaine Day, Company Secretary. Following the grant of Options, the beneficial holding of Melanie Ross in the Company is 2,078,354 ordinary shares (representing 0.26% of the issued share capital) and 10,750,000 share options. David Marsh, CEO and Adam Power, Group Development Director have chosen to waive their option entitlement, as they are each already significant shareholders in the Company and seek to provide opportunities for other key management to increase their stake within the available headroom.

For further information contact:

 
 Surgical Innovations Group Plc                                     www.sigroupplc.com 
 Nigel Rogers, Non-Executive Chairman                         Tel: [phone] 
 Melanie Ross, CFO 
 
 Walbrook PR (Financial PR & Investor    Tel: [phone] or [e-mail] 
  Relations) 
 Paul McManus                                                 Mob: [phone] 
 Lianne Cawthorne                                             Mob: [phone] 
 
 N+1 Singer (Nominated Adviser and 
  Broker)                                                          [phone] 
 Richard Lindley 
 Rachel Hayes 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                     Melanie Ross 
     -------------------------------------------------------  -------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                          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) 
                                                                 3.50p      3,000,000 
                                                                           ---------- 
     -------------------------------------------------------  -------------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                  N/A 
                                                                 N/A 
 
         *    Price 
     -------------------------------------------------------  -------------------------------------------------------- 
 e)   Date of the transaction                                  26 March 2019 
     -------------------------------------------------------  -------------------------------------------------------- 
 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) 
                                                                      3.50p      600,000 
                                                                                ---------- 
     ------------------------------------------------------------  -------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       N/A 
                                                                      N/A 
 
         *    Price 
     ------------------------------------------------------------  -------------------------------------------------- 
 e)   Date of the transaction                                       26 March 2019 
     ------------------------------------------------------------  -------------------------------------------------- 
 f)   Place of the transaction                                      Outside a trading venue 
     ------------------------------------------------------------  -------------------------------------------------- 
 

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March 27, 2019 03:01 ET (07:01 GMT)