Business
Exercise of Options
Exercise of Options.
About this update from Surgical Innovations Group Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 2923B Surgical Innovations Group PLC 15 February 2011 \n \n\n\n\n\n\n\n\n\n15 February 2011\n\n\n\n\n \nSurgical Innovations Group plc\n(\"SI\" or \"the Group\")\nIssue of Equity\n \nSurgical Innovations Group plc (AIM:SUN), the designer and manufacturer of innovative medical devices, today announces that following the exercise of options by certain of the Directors and a senior employee yesterday it has issued and allotted 10,750,000 ordinary shares of 1p each. Details of the individual Directors options exercised and resulting shareholdings are as follows:-\n \n\n\n\n\n\n\n\nNumber of options\n\n\nExercise price\n\n\nTotal shareholding following issue\n\n\nTotal shareholding percentage of enlarged issued share capital\n\n\n\n\nColin Glass\n\n\n1,000,000\n\n\n1.7p\n\n\n5,881,602\n\n\n1.50\n\n\n\n\nDoug Liversidge\n\n\n1,000,000\n\n\n1.7p\n\n\n6,171,821\n\n\n1.57\n\n\n\n\nMichael McMahon\n\n\n3,500,000\n\n\n2,500,000 at 1.7p\n1,000,000 at 1.5p\n\n\n16,688,281\n\n\n4.25\n\n\n\n\nRaymond Simkins\n\n\n4,900,000\n\n\n3,900,000 at 1.7p\n1,000,000 at 1.5p\n\n\n7,269,461\n\n\n1.85\n\n\n\n\n \nAccordingly Application has been made to the London Stock Exchange for the 10,750,000 New Ordinary Shares of 1p each to be admitted to trading on AIM (\"Admission\"). It is expected that such Admission will occur at on 21 February 2011. The new ordinary shares rank pari passu with the existing shares of the Company. \n \n \nFollowing Admission the total number of ordinary shares in issue will be 392,241,902 with each share carrying the right to one vote. The above figure may be used by shareholders as the denominator for the purposes of the Disclosure and Transparency Rules. \n \n \n- Ends -\n \nEnquiries:\n\n\n\n\nSurgical Innovations Group plc\n\n\n\n\n\n\n\nDoug Liversidge, Non-Executive Chairman\n\n\n\n\n\n\n\nGraham Bowland, Chief Executive Officer\n\n\nTel: +44 (0) 113 230 7597\n\n\n\n\[email protected] \n\n\nwww.surginno.com\n\n\n\n\n \n\n\n\n\nSeymour Pierce Limited\n\n\n\n\n\n\n\nFreddy Crossley\n\n\nTel: +44 (0) 20 7107 8000\n\n\n\n\nSarah Jacobs\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCorporate Broking \n\n\n\n\n\n\n\nMarianne Woods\n\n\n\n\n\n\n\n\n\n\nwww.seymourpierce.com \n\n\n\n\n \n\n\n\n\nMedia enquiries:The Communications Portfolio\n\n\n...