REG - Surgical Innovations - Issue of Shares <Origin Href="QuoteRef">SUNU.L</Origin>

Surgical InnovationsAnnouncement

03/10/2016 10:44

RNS Number : 2374L
Surgical Innovations Group PLC
30 September 2016
Surgical Innovations Group plc
(the "Company")
Issue of Shares
The Company has issued and allotted a total of 688,421 ordinary shares of 1p each ("Shares") at a price of 2.375 pence per share to Nigel Rogers, Executive Chairman, and Michael McMahon, Paul Hardy and Alistair Taylor, Non-Executive Directors. 
Details of the Shares issued and the resulting holdings of each of the directors are as follows:
Director
Shares issued
Resulting holding
Percentage of enlarged share capital




Nigel Rogers
183,158
3,347,031
0.68%
Michael McMahon
126,316
18,085,682
3.70%
Paul Hardy *
210,526
3,418,617
0.70%
Alistair Taylor
168,421
558,620
0.11%
* Paul Hardy's beneficial holding comprises the holdings of Hardy Transaction Management Limited, a company in which he has a controlling interest, and his SIPP
As the Shares have been issued in lieu of remuneration for the third quarter of 2016, the issue price was set at the closing price on the date of the Company's payroll in September.
Application will be made for 688,421 Shares to be admitted to trading on AIM ("Admission") which is expected to take place on 5 October 2016. 
Following Admission, the total number of ordinary shares in issue will be 488,681,435 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.
ENDS
For further information please visit www.sigroupplc.com or contact:
Enquiries:
For further information please contact:
Surgical Innovations Group Plc
www.sigroupplc.com
Nigel Rogers, Executive Chairman
Tel: 0113 230 7597
Melanie Ross, Group FD & Managing Director, SI Ltd
WH Ireland Limited (NOMAD & Broker)
Tel: 0113 394 6600
Tim Feather/Liam Gribben
Walbrook PR (Financial PR & Investor Relations)
Tel: 020 7933 8780
or si@walbrookpr.com
Paul McManus
Mob: 07980 541 893
Natalie Bruce
Mob: 07884 666 994

This information is provided by RNS
The company news service from the London Stock Exchange
  END
IOEXKLFLQKFLBBD