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REG - Creo Medical Group - LTIP Awards and PDMR Dealing

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RNS Number : 1621V  Creo Medical Group PLC  08 August 2022

Creo Medical Group plc

("Creo" the "Company" or the "Group")

 

LTIP Awards and PDMR Dealing

 

Creo Medical Group plc (AIM: CREO), a medical device company focused on the
emerging field of surgical endoscopy, announces that on 5 August 2022,
pursuant to the Company's Long Term Incentive Plan ("LTIP")  and with the
approval of the Company's Remuneration Committee, the following Directors
("Participants") were granted an interest over 615,484 ordinary shares ("LTIP
Shares") of 0.1 pence each in the capital of the Company ("Ordinary Shares")
in respect of each Participant's 2021 performance based bonus.  Ordinary
shares held by the trustee ("Trustee") of the Company's Employee Benefit Trust
("EBT") will be used to satisfy the exercise of these LTIP Shares.

 

 Director         Position                  LTIP Shares
 Craig Gulliford  Chief Executive Officer   246,194
 Chris Hancock    Chief Technology Officer  184,645
 Richard Rees     Chief Finance Officer     184,645

 

The LTIP is structured as a joint share ownership plan whereby the Participant
and the Trustee jointly own the beneficial interest of the LTIP Shares. The
Participant is entitled to any value above the hurdle price of £2.50 per
share and the Trustee entitled to all value below the hurdle price. The
Participant has also been granted an option to acquire the Trustee's
beneficial interest in the LTIP Shares, which is exercisable three years and
three months after the acquisition date (subject to remaining in eligible
employment) and followed by a three-month holding period.

 

 

Enquiries:

 

 Creo Medical Group plc                             www.creomedical.com (http://www.creomedical.com)
 Richard Rees (CFO)                                 +44 (0)1291 606 005

 Cenkos Securities plc                              +44 (0)20 7397 8900
 Stephen Keys / Camilla Hume (NOMAD)
 Michael Johnson / Russell Kerr (Joint Broker)

 Numis Securities Limited (Joint Broker)            +44 (0)20 7260 1000
 Freddie Barnfield / James Black / Duncan Monteith

 Walbrook PR Ltd                                    Tel: +44 (0)20 7933 8780 or creo@walbrookpr.com
 Sam Allen / Phillip Marriage                       Mob: +44 (0)7980 541 893 / +44 (0)7502 558 258 / +44 (0)7867 984 082

 

About Creo Medical

 

Creo Medical is a medical device company focused on the development and
commercialisation of minimally invasive electrosurgical devices, bringing
advanced energy to endoscopy.

 

The Company's vision is to improve patient outcomes through the development
and commercialisation of a suite of electrosurgical medical devices, each
enabled by CROMA, powered by Kamaptive. The Group has developed the CROMA
powered by Kamaptive full-spectrum adaptive technology to optimise surgical
capability and patient outcomes. Kamaptive is a seamless, intuitive
integration of multi-modal energy sources, optimised to dynamically adapt to
patient tissue during procedures such as resection, dissection, coagulation
and ablation of tissue. Kamaptive technology provides clinicians with
increased flexibility, precision and controlled surgical solutions.  CROMA
currently delivers bipolar radiofrequency ("RF") energy for precise localised
cutting and focused high frequency microwave ("MW") energy for controlled
coagulation and ablation via a single accessory port. This technology,
combined with the Group's range of patented electrosurgical devices, is
designed to provide clinicians with flexible, accurate and controlled clinical
solutions. The Directors believe the Company's technology can impact the
landscape of surgery and endoscopy by providing a safer, less-invasive and
more cost-efficient option for procedures.

 

For more information, please refer to the website www.creomedical.com
(http://www.creomedical.com)

 

 

The following notifications are intended to satisfy the Company's obligations
under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse
Regulation).

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         1.    Craig Gulliford

                                                                   2.    Chris Hancock

                                                                   3.    Richard Rees
 2    Reason for the notification
 a)   Position/status                                              1.    Chief Executive Officer

                                                                   2.    Chief Technology Officer

                                                                   3.    Chief Finance Officer
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Creo Medical Group plc
 b)   LEI                                                          213800H188ZDCWWXFA21
 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 £0.001 each

      Identification code                                          GB00BZ1BLL44

 b)   Nature of the transaction                                    Allocation of Ordinary Shares under the Creo Medical Group plc LTIP 2021
 c)   Price(s) and volume(s)

                                                                                        Price(s) pence       Volume(s)
                                                                                        1.    nil            1.    246,194

                                                                                        2.    nil            2.    184,645

                                                                                        3.    nil            3.    184,645

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      5 August 2022
 f)   Place of the transaction                                     Off market

 

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