Creo Medical Group PLC Exercise of Options (3621G)
25 November 2020 - 12:36AM
UK Regulatory
TIDMCREO
RNS Number : 3621G
Creo Medical Group PLC
24 November 2020
Creo Medical Group plc
("Creo" or the "Company")
Exercise of Options
Creo Medical Group plc (AIM: CREO), the medical device company,
focused on the emerging field of surgical endoscopy, confirms that
it has issued, conditional on admission, 299,160 new ordinary
shares of 0.1 pence each in the capital of the Company ("Ordinary
Shares"), pursuant to the exercise of employee share options. It is
expected that admission of the Ordinary Shares will occur at 8:00
a.m. on 30 November 2020.
Following admission, the Company will have 157,891,181 Ordinary
Shares in issue. This figure of 157,891,181 may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change of their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
Enquires:
Creo Medical Group plc 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 (Sales)
Walbrook PR Ltd Tel: +44 (0)20 7933 8780 or creo@walbrookpr.com
Paul McManus / Lianne Cawthorne Mob: +44 (0)7980 541 893 / +44 (0)7584
391 303
About Creo Medical
Creo Medical, founded in 2003, is a medical device company
focused on the development and commercialisation of minimally
invasive surgical devices, by bringing advanced energy to
endoscopy. The Company's mission is to improve patient outcomes by
applying microwave and RF energy to surgical endoscopy. Creo has
developed CROMA, an electrosurgical Advanced Energy Platform that
combines bipolar radiofrequency for precise localised cutting and
microwave for controlled coagulation. This technology provides
clinicians with flexible, accurate and controlled surgical
solutions.
The Company's strategy is to bring its CROMA Advanced Energy
Platform powered by its unique full spectrum kamaptive technology
to market, enabling a suite of medical devices which the Company
has designed, initially for the emerging field of GI therapeutic
endoscopy, an area with high unmet needs. The CROMA Advanced Energy
platform will be developed further for bronchoscopy and laparoscopy
procedures. The Company believes its technology can impact the
landscape of surgery and endoscopy by providing a safer,
less-invasive and more cost-efficient option of treatment. An
overview of the Creo Medical device technology portfolio can be
seen here:
https://www.rns-pdf.londonstockexchange.com/rns/8918P_1-2020-6-14.pdf
For more information about Creo Medical please see our website,
www.creomedical.com
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END
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