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26 Jan 2009 17:26
SURGICAL INNOVATIONS GROUP PLC DIRECTOR / PDMR SHAREHOLDING - CORRECTION
On 23 June 2008, Surgical Innovations Group plc ("the Company") announced that Graham Bowland, Finance Director, had sold 258,749 ordinary shares in the Company at a price of 2.58p per share (the "Shares") to his Self Invested Personal Pension (the "SIPP"). The announcement stated that his beneficial interest remained unchanged as a result of the transfer.
The Company has been notified that in November 2008 Mr. Bowland was informed that, due a misunderstanding between himself and HSBC, his pension administrators, the Shares were not sold to his SIPP and remain beneficially held by Mr Bowland. Furthermore, on 20 June 2008 HSBC purchased a further 258,749 ordinary shares in the Company in the market for a price of 2.37p per share on behalf of the SIPP.
Consequently, since 20 June 2008 Mr. Bowland's beneficial interest in the Company has comprised 517,498 ordinary shares, representing 0.14 per cent. of the issued share capital.
Enquiries:
Surgical Innovations Group plc 07715 612063 Graham Bowland Hanson Westhouse Limited 0113 246 2610
Tim Feather / Matthew Johnson
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