Last checked at 23 Dec 2013 13:40
Directors' Shareholdings/Issue of equity
23 December 2013 Deltex Medical Group plc ("Deltex Medical" or the "Company"), the global leader in oesophageal Doppler monitoring ("ODM"), announces that it has issued a total of 790,574 new ordinary shares of 1p each in the Company ("New Ordinary Shares") at a price of 14.00 pence per share.
The four non-executive directors named below have elected to take New Ordinary Shares in lieu of a cash payment as remuneration for their services to the Company for the period 1 October 2012 to 31 December 2013.
Paul Mitchell, Finance Director has elected to take New Ordinary Shares in lieu of £20,000 of salary in respect of the period 1 January 2013 to 31 December 2013.
In addition to the above, the Company also announces that it has today issued a total of 71,429 New Ordinary Shares to a former employee of the Company at a price of 14.00 pence per share in settlement of contractual obligations.
Accordingly, application has been made for these New Ordinary Shares to be admitted to trading on AIM. The shares rank pari passu with the existing issued shares of the Company and dealings are expected to commence on 31 December 2013. Following the issue of these new shares the Company has a total of 168,070,379 ordinary shares of 1p each in issue.
Following this issue, the directors' beneficial interests are as follows:
Name of Director | Number of New Ordinary Shares issued in lieu of fees/salary
| Holding of shares following issue of New Ordinary Shares
| % of enlarged issued share capital |
Nigel Keen | 297,616 | 6,985,163 | 4.16 |
Dr Edwin Snape | 214,286 | 1,430,624 | 0.85 |
Sir Duncan Nichol | 75,000 | 928,916 | 0.55 |
Julian Cazalet | 49,386 | 4,080,268 | 2.43 |
Paul Mitchell | 82,857 | 352,831 | 0.21 |
For further information:
Deltex Medical Group plc | 01243 774 837 investorinfo@deltexmedical.com |
Nigel Keen, Chairman |
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Ewan Phillips, Chief Executive |
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Paul Mitchell, Finance Director |
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Nominated Adviser & Broker | |
Arden Partners plc | 020 7614 5900 |
Chris Hardie | |
Financial Public Relations | |
Newgate Threadneedle | 020 7653 9850 |
Graham Herring | |
Caroline Evans-Jones | |
Heather Armstrong |