TIDMSUN
RNS Number : 0230V
Surgical Innovations Group PLC
31 October 2017
Surgical Innovations Group plc
(the "Company")
Grant of Options
The Company announces that on 31 October 2017 options to acquire
31,000,000 ordinary shares of 1p each ("Ordinary Shares") were
granted to directors and employees (the "New Options").
The number of New Options granted to directors and PDMRs is as
follows:
Director/PDMR Role No. of New Options Total no.
options granted of options
held previously held
Melanie
Ross COO/CFO 4,750,000 3,000,000 7,750,000
Group Development
Adam Power Director 1,000,000 6,000,000 7,000,000
Group Commercial
David Marsh Director 1,000,000 6,000,000 7,000,000
Michael Non-Executive
McMahon Director 4,750,000 1,750,000 6,500,000
Charmaine
Day Company Secretary 1,500,000 1,500,000 3,000,000
Nigel Rogers Chairman - 1,750,000 1,750,000
All of the New Options are subject to an exercise price of 3.25p
per share.
In the case of non-directors, New Options become exercisable on
the third anniversary of the date of grant, subject to the
individual remaining in the Company's employment at that time, and
remain exercisable until the tenth anniversary of the date of
grant.
For directors, New Options will only vest subject to the closing
price of the Ordinary Shares being at or above one of the following
milestones over ten consecutive trading days during the relevant
period:
Share price
By (p)
31-Dec-20 5.40
31-Dec-21 5.81
31-Dec-22 6.24
31-Dec-23 6.71
31-Dec-24 7.21
31-Dec-25 7.75
31-Dec-26 8.33
31-Dec-27 8.96
Subject to the New Options granted to directors having vested,
they are exercisable between the third and tenth anniversaries of
the date of grant.
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail on shares acquired.
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, COO & CFO
WH Ireland Limited (NOMAD & Tel: 0113 394 6600
Broker)
Tim Feather
Alex Bond
Walbrook PR Tel: 020 7933 8780
or si@walbrookpr.com
Paul McManus Mob: 07980 541
893
Lianne Cawthorne Mob: 07584 391
303
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Melanie Ross
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer and Chief Financial Officer,
Surgical Innovations Group plc
--- -------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of 1p
instrument
Identification code GB0004016704
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transactions Grant of options
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
3.25p 3,000,000
--------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
N/A
* Price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 31 October 2017
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Adam Power
--- ------------------------------------------------------- --------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Group Development Director, Surgical Innovations Group
plc
--- ------------------------------------------------------- --------------------------------------------------------
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 Ordinary shares of 1p
instrument
Identification code GB0004016704
--- ------------------------------------------------------- --------------------------------------------------------
b) Nature of the transactions Grant of options
--- ------------------------------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
3.25p 6,000,000
--------- ----------
--- ------------------------------------------------------- --------------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
N/A
* Price
--- ------------------------------------------------------- --------------------------------------------------------
e) Date of the transaction 31 October 2017
--- ------------------------------------------------------- --------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------- --------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name David Marsh
--- ------------------------------------------------------- --------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Group Commercial Director, Surgical Innovations Group
plc
--- ------------------------------------------------------- --------------------------------------------------------
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 Ordinary shares of 1p
instrument
Identification code GB0004016704
--- ------------------------------------------------------- --------------------------------------------------------
b) Nature of the transactions Grant of options
--- ------------------------------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
3.25p 6,000,000
--------- ----------
--- ------------------------------------------------------- --------------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
N/A
* Price
--- ------------------------------------------------------- --------------------------------------------------------
e) Date of the transaction 31 October 2017
--- ------------------------------------------------------- --------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------- --------------------------------------------------------
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, Surgical Innovations Group plc
--- -------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of 1p
instrument
Identification code GB0004016704
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transactions Grant of options
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
3.25p 1,750,000
--------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
N/A
* Price
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 31 October 2017
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- ----------------------------------------------------------------------------------------------------------------
a) Name Charmaine Day
--- ------------------------------------------------------------ --------------------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------------------------------------------------------
a) Position/status Company Secretary, Surgical Innovations Group plc
--- ------------------------------------------------------------ --------------------------------------------------
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 Grant of options
--- ------------------------------------------------------------ --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
3.25p 1,500,000
--------- ----------
--- ------------------------------------------------------------ --------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
N/A
* Price
--- ------------------------------------------------------------ --------------------------------------------------
e) Date of the transaction 31 October 2017
--- ------------------------------------------------------------ --------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ --------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -------------------------------------------------------------------------------------------------------
a) Name Nigel Rogers
--- ------------------------------------------------------------ -----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------------------
a) Position/status Chairman, Surgical Innovations Group plc
--- ------------------------------------------------------------ -----------------------------------------
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 Grant of options
--- ------------------------------------------------------------ -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
3.25p 1,750,000
--------- ----------
--- ------------------------------------------------------------ -----------------------------------------
d) Aggregated information
* Aggregated volume N/A
N/A
* Price
--- ------------------------------------------------------------ -----------------------------------------
e) Date of the transaction 31 October 2017
--- ------------------------------------------------------------ -----------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ -----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBRBDGUUXBGRG
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