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

Surgical InnovationsAnnouncement

27/03/2017 07:00

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 issued
Resulting holding
Percentage 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 534,228,601with 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 plc
www.sigroupplc.com
Nigel Rogers, Executive Chairman 
Tel: 0113 230 7597
Melanie Ross, COO & Finance Director
WH Ireland Limited (NOMAD & Broker)
Tel: 0113 394 6600
Tim Feather/Ed Kennedy
Walbrook PR (Financial PR & Investor Relations)
Tel: 020 7933 8780 or si@walbrookpr.com
Paul McManus
Mob: 07980 541 893

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