Issue of Equity
September 24 2010 - 2:00AM
UK Regulatory
TIDMSUN
RNS Number : 2378T
Surgical Innovations Group PLC
24 September 2010
SURGICAL INNOVATIONS GROUP PLC
ISSUE OF EQUITY
Surgical Innovations Group plc ("SI" or the "Company") announces that it has
issued and allotted 6,050,000 new ordinary shares of 1p each in the Company
following the exercise of share options by directors and employees of the
Company. The options have been exercised at a range of prices as follows:
+-------------------------------+-------------+
| Number of options | Exercise |
| | price (p) |
+-------------------------------+-------------+
| | |
+-------------------------------+-------------+
| 3,000,000 | 1.7 |
+-------------------------------+-------------+
| 1,000,000 | 2.0 |
+-------------------------------+-------------+
| 1,000,000 | 3.0 |
+-------------------------------+-------------+
| 1,050,000 | 2.0 |
+-------------------------------+-------------+
The details of the directors exercising options and their resultant holdings are
as follows:
+------------+------------+----------+--------------+------------+
| Name | Option | Exercise | Resultant | Percentage |
| | shares | price | holding | holding |
| | | (p) | | |
+------------+------------+----------+--------------+------------+
| | | | | |
+------------+------------+----------+--------------+------------+
| D B | 1,000,000 | 1.7 | 5,171,821 | 1.36 |
| Liversidge | | | | |
+------------+------------+----------+--------------+------------+
| G Bowland | 1,000,000 | 3.0 | 2,617,498 | 0.69 |
+------------+------------+----------+--------------+------------+
| C Glass | 1,000,000 | 1.7 | 4,881,602 | 1.28 |
+------------+------------+----------+--------------+------------+
| M McMahon | 1,000,000 | 1.7 | 13,188,281 | 3.47 |
+------------+------------+----------+--------------+------------+
An application has been made for the new ordinary shares to be admitted to
trading on AIM which is expected to occur on 29 September 2010. Following the
issue of the new shares there are 379,891,902 ordinary shares of 1p each of SI
in issue with each share carrying the right to one vote.
Enquiries:
+-------------------------------+-------------------------------+
| Surgical Innovations Group | 0113 230 7597 |
| plc | |
+-------------------------------+-------------------------------+
| Graham Bowland | |
+-------------------------------+-------------------------------+
| | |
+-------------------------------+-------------------------------+
| Westhouse Securities Limited | 0113 246 2610 |
+-------------------------------+-------------------------------+
| Tim Feather / Matthew Johnson | |
+-------------------------------+-------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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