REG - Surgical Innovations - Director/PDMR Shareholding

Surgical InnovationsAnnouncement

09/05/2022 12:45

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RNS Number : 7998K  Surgical Innovations Group PLC  09 May 2022

 

Surgical Innovations Group plc

("Surgical Innovations", "SI" or the "Company")

 

Director/PDMR Shareholding

 

Surgical Innovations Group plc (AIM: SUN), the designer, manufacturer and
distributor of innovative medical technology for minimally invasive surgery
("MIS"), was notified on the 6 May 2022 that on 26 April 2022 Michael McMahon,
Non-Executive Director, purchased 449,333 of shares in Surgical Innovations
(the "Ordinary Shares") at a price of 2.22 pence per share.

 

Following this transaction, Michael McMahon has a combined beneficial holding
in the Company of 19,430,962 Ordinary Shares, representing approximately 2.08%
of the issued share capital of the Company.

 

For further information please contact:

 

 Surgical Innovations Group plc    www sigroupplc com (http://www.sigroupplc.com/)
 David Marsh, CEO                  Tel: 0113 230 7597
 Charmaine Day, CFO

 Singer Capital Markets (Nominated Adviser & Broker)                                    Tel: 020 7496 3000
 Aubrey Powell / Rachel Hayes

 Walbrook PR (Financial PR & Investor Relations)               Tel: 020 7933 8780 or
                                                               si@walbrookpr.com (mailto:si@walbrookpr.com)
 Paul McManus / Lianne Applegarth  Mob: 07980 541 893 / 07584 391 303

 

 

 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
 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                                   Transfer of Ordinary Shares
 c)  Price(s) and volume(s)                                                Price(s)  Volume(s)
     2.22 pence per share                                                  449,333

 d)  Aggregated information                                       224,575 @ 2.2213p

     -      Aggregated volume                                     224,758 @ 2.2195 p

     -      Price
 e)  Date of the transaction                                      26 April 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM

 

About Surgical Innovations Group plc

The Group specialises in the design, manufacture, sale and distribution of
innovative, high quality medical products, primarily for use in minimally
invasive surgery. Our product and business development is guided and supported
by a key group of nationally and internationally renowned surgeons across the
spectrum of minimally invasive surgical activity.

 

We design and manufacture and source our branded port access systems, surgical
instruments and retraction devices which are sold directly in the UK home
market through our subsidiary, Elemental Healthcare, and exported widely
through a global network of trusted distribution partners. Many of our
products in this field are based on a "resposable" concept, in which the
products are part reusable, part disposable, offering a high quality and
environmentally responsible solution at a cost that is competitive against
fully disposable alternatives.

 

Elemental also has exclusive UK distribution for a select group of specialist
products employed in laparoscopy, bariatric and metabolic surgery, hernia
repair and breast reconstruction.

 

In addition, we design and develop medical devices for carefully selected OEM
partners and have also collaborated with a major UK industrial partner to
provide precision engineering solutions to complex problems outside the
medical arena.

 

We aim for our brands to be recognised and respected by healthcare
professionals in all major geographical markets in which we operate and
provide by development, partnership or acquisition a broad portfolio of cost
effective, procedure specific surgical instruments and implantable devices
that offer reliable solutions to genuine clinical needs in the operating
theatre environment.

 

Further information

Further details of the Group's businesses and products are available on the
following websites:

www.sigroupplc.com (http://www.sigroupplc.com)

www.surginno.com (http://www.surginno.com)

www.elementalhealthcare.co.uk (http://www.elementalhealthcare.co.uk)

 

To receive regular updates by email, please contact si@walbrookpr.com
(mailto:si@walbrookpr.com)

 

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