Surgical Innovations Group PLC Issue of Shares (5194A)
March 27 2017 - 1:00AM
UK Regulatory
TIDMSUN
RNS Number : 5194A
Surgical Innovations Group PLC
27 March 2017
Surgical Innovations Group plc
(the "Company")
Issue of Shares
Surgical Innovations Group plc (AIM: SUN) has issued and
allotted a total of 820,845 ordinary shares of 1p each ("Shares")
at a price of 3.575p per share to Nigel Rogers, Executive Chairman,
and Michael McMahon, Non-Executive Director in lieu of remuneration
for the first quarter of 2017 and Melanie Ross, Chief Operating
Officer representing 50% of her bonus for the year ended 31
December 2016 under the terms of her engagement.
Details of the Shares issued and the resulting holdings of each
of the directors are as follows:
Director Shares Resulting Percentage
issued holding of enlarged
share capital
Nigel Rogers 102,266 3,573,583 0.67%
Michael McMahon 83,916 18,255,312 3.42%
Melanie Ross 634,663 1,240,347 0.23%
The issue price was set at the closing price on the date of the
Company's payroll in March.
Application will be made for 820,845 Shares to be admitted to
trading on AIM ("Admission") which is expected to take place on 30
March 2017.
Following Admission, the total number of ordinary shares in
issue will be 534,228,601 with each share carrying the right to one
vote. The above figure may be used by shareholders as the
denominator for the purposes of calculating their holding in the
Company under the Disclosure Guidance and Transparency Rules.
For further information please contact:
Surgical Innovations Group www.sigroupplc.com
plc
Nigel Rogers, Executive Tel: 0113 230 7597
Chairman
Melanie Ross, COO & Finance
Director
WH Ireland Limited (NOMAD Tel: 0113 394 6600
& Broker)
Tim Feather/Ed Kennedy
Walbrook PR (Financial PR Tel: 020 7933 8780 or
& Investor Relations) si@walbrookpr.com
Paul McManus Mob: 07980 541 893
This information is provided by RNS
The company news service from the London Stock Exchange
END
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