Surgical Innovations Group PLC
3 May 2002
Surgical Innovations Group plc
Conversion of Securities
3 May 2002
Surgical Innovations Group plc (the 'Company') has made an application for 4,933
new ordinary shares of 1p each to be admitted to trading on the Alternative
Investment Market.
The new shares have been allotted to holders of the Company's convertible loan
notes who have given notice to convert the loan notes into ordinary shares. The
loan notes are being converted at the rate of 26.6667 ordinary shares in the
Company for every £1 nominal of convertible loan notes. This equates to a price
per ordinary share of 3.75p per share. The new ordinary shares will rank pari
passu with the existing ordinary shares
It is expected that the new shares will be admitted to trading on 10 May 2002.
Enquiries:
Surgical Innovations Group
Graham Bowland, Finance Director Tel: +44 (0) 113 230 7597
Philip Johnson Tel: +44 (0) 161 214 6540
Brown, Shipley & Co. Limited
END
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