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

Surgical InnovationsAnnouncement

26/06/2017 10:45

RNS Number : 1510J
Surgical Innovations Group PLC
26 June 2017
Surgical Innovations Group plc
("SI Group" or the "Company")
Issue of Shares
Surgical Innovations Group plc (AIM: SUN) has issued and allotted a total of 202,654 ordinary shares of 1p each ("Shares") at a price of 3.625p per share to Nigel Rogers, Executive Chairman, and Michael McMahon, Non-Executive Director in lieu of remuneration for the second quarter of 2017.
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
119,895
3,693,478
0.69%
Michael McMahon
82,759
18,338,071
3.43%
The issue price was set at the closing price on the date of the Company's payroll in June.
Application will be made for 202,654 Shares to be admitted to trading on AIM ("Admission") which is expected to take place on 30 June 2017.
Following Admission, the total number of ordinary shares in issue will be 534,431,255with 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 & CFO
WH Ireland Limited (NOMAD & Broker)
Tel: 0113 394 6600
Tim Feather
Walbrook PR (Financial PR & Investor Relations)
Tel: 020 7933 8780 or si@walbrookpr.com
Paul McManus
Mob: 07980 541 893
Lianne Cawthorne
 Mob: 07584 391 303

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