Deltex Medical Group PLC Grant of options (8848W)
August 06 2018 - 1:01AM
UK Regulatory
TIDMDEMG
RNS Number : 8848W
Deltex Medical Group PLC
06 August 2018
6 August 2018
Deltex Medical Group plc
("Deltex Medical" or "the Company")
Grant of options
Deltex Medical Group plc (AIM: DEMG), the global leader in
Oesophageal Doppler Monitoring ("ODM"), today announces that the
Board has approved the issue of share options to Andy Mears, Chief
Executive.
Employee Share Option Scheme
The Board has approved the issue of 1,000,000 share options to
Andy Mears under the Company's 2003 Share Option Scheme (EMI Share
Scheme). The exercise price is 1 penny per share option, a premium
of 18% over the closing price on 2 August 2018. These share options
may ordinarily be exercised between January 2020 and August 2028
subject to the achievement of relevant performance conditions which
are based on achieving certain specified adjusted earnings before
interest, tax, depreciation and amortisation (EBITDA) targets.
Confirmation of Director's interest in share options
Following the grant of EMI options above, the options held by
Andy Mears are shown below:
Executive 2001 Executive 2011 Executive EMI Share
Director Share Scheme Share Scheme Scheme Total
Number Number Number Number
------------ --------------- --------------- ---------- ----------
Andy Mears 125,000 2,387,500 1,000,000 3,512,500
------------ --------------- --------------- ---------- ----------
For further information, please contact:-
Deltex Medical Group plc 01243 774 837
investorinfo@deltexmedical.com
Nigel Keen, Chairman
Andy Mears, Chief Executive
Jonathan Shaw, Group Finance
Director
Nominated Adviser & Broker
Arden Partners plc 020 7614 5900
Chris Hardie
Ciaran Walsh
Joint Broker
Turner Pope Investments (TPI) 0203 621 4120
Ltd info@turnerpope.com
Andy Thacker
Financial Public Relations
IFC Advisory 0203 934 6630
Tim Metcalfe
Graham Herring
Heather Armstrong
Notes for Editors
Deltex Medical manufactures and markets haemodynamic monitoring
technologies. Deltex Medical's proprietary ODM (TrueVue(TM)
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 them immediately. Deltex 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(TM) Doppler, which is proven to reduce
complications suffered by patients after surgery and save hospitals
the costs of treating those complications.
Deltex Medical's TrueVue(TM) System on the CardioQ-ODM+ monitor
platform also now provides clinicians with two further advanced
haemodynamic monitoring technologies. High Definition Impedance
Cardiography (TrueVue(TM) 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. Pulse Pressure Waveform Analysis (TrueVue(TM)
Pressurewave) uses 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 major new medical modality. 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, USA, Spain and Canada and through distribution
arrangements in a further 30 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 person discharging managerial responsibilities
/ person closely associated
a) Names Andy Mears - Chief Executive Officer
------------------------- --------------------------------------------
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 Medial 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 Conditional awards over Ordinary shares
the financial of 1 penny each ("Ordinary Shares")
instrument, type
of instrument
------------------------- --------------------------------------------
b) Identification GB0059337583
code
------------------------- --------------------------------------------
c) Nature of the Share option
transaction
------------------------- --------------------------------------------
d) Price(s) and volume(s) Conditional award over 1,000,000 shares
under the Deltex Medical 2003 Share Option
Scheme with an exercise price of 1 penny
per share option.
------------------------- --------------------------------------------
d) Aggregated information N/a
- Aggregated volume
- Price
------------------------- --------------------------------------------
e) Date of the transaction 3 August 2018
------------------------- --------------------------------------------
f) Place of the transaction Grant of share awards occurred outside
of a trading venue.
------------------------- --------------------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
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Kingdom. Terms and conditions relating to the use and distribution
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END
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