RNS Number : 8029E
Surgical Innovations Group PLC
09 July 2021
 

9 July 2021

 

Surgical Innovations Group plc

("Surgical Innovations", "SI" or the "Company")

 

Director/PDMR Shareholding

 

The Company was notified that on 7 July 2021 Adam Power, Group Development Director, transferred 3,437,500 of shares in Surgical Innovations (the "Ordinary Shares") from the Power Discretionary Trust into his own name at a price of 3.25 pence per Ordinary Share.

 

Following this transaction, the Power Discretionary Trust does not hold any Ordinary Shares and there is no change to the combined beneficial holding of Adam Power in the Company which remains at 31,562,500 Ordinary Shares, representing approximately 3.39% of the issued share capital of the Company.

 

For further information please contact:

Surgical Innovations Group plc

www sigroupplc com

David Marsh, CEO

Tel: 0113 230 7597

Charmaine Day, Co Sec & GFC




Singer Capital Markets (Nominated Adviser & Broker)

Tel: 020 7496 3000

Aubrey Powell / Rachel Hayes/ Iqra Amin




Walbrook PR (Financial PR & Investor Relations)

Tel: 020 7933 8780 or si@walbrookpr.com

Paul McManus / Lianne Cawthorne

Mob: 07980 541 893 / 07584 391 303

 

 

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

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

 

Identification code

Ordinary shares of 1p

 

 

 

GB0004016704

b)

Nature of the transactions

Transfer of Ordinary Shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)


3.25 pence per share

3,437,500


d)

Aggregated information

-     Aggregated volume

-     Price

 

 

  n/a- single transaction

e)

Date of the transaction

7 July 2021

 

f)

Place of the transaction

  Off-market Transaction

 

 

 

About Surgical Innovations Group plc

The Group specialises in the design, manufacture, sale and distribution of innovative, high quality medical products, primarily for use in minimally invasive surgery. Our product and business development is guided and supported by a key group of nationally and internationally renowned surgeons across the spectrum of minimally invasive surgical activity.

 

We design and manufacture and source our branded port access systems, surgical instruments and retraction devices which are sold directly in the UK home market through our subsidiary, Elemental Healthcare, and exported widely through a global network of trusted distribution partners. Many of our products in this field are based on a "resposable" concept, in which the products are part re-usable, part disposable, offering a high quality and environmentally responsible solution at a cost that is competitive against fully disposable alternatives.

 

Elemental also has exclusive UK distribution for a select group of specialist products employed in laparoscopy, bariatric and metabolic surgery, hernia repair and breast reconstruction.


In addition, we design and develop medical devices for carefully selected OEM partners, and have also collaborated with a major UK industrial partner to provide precision engineering solutions to complex problems outside the medical arena.

 

We aim for our brands to be recognised and respected by healthcare professionals in all major geographical markets in which we operate and provide by development, partnership or acquisition a broad portfolio of cost effective, procedure specific surgical instruments and implantable devices that offer reliable solutions to genuine clinical needs in the operating theatre environment.

 

The Group currently employs approximately 100 people across two sites in the UK. Product design, engineering and manufacturing are carried out at the SI site in Yorkshire. Commercial activities including marketing, UK distribution and international sales and marketing are based at Elemental Healthcare in Berkshire.

 

Further information

 

Further details of the Group's businesses and products are available on the following websites:

 

www sigroupplc com

www surginno com

www elementalhealthcare co.uk

 

To receive regular updates by email, please contact si@walbrookpr.com.

 

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