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Pin to quick picksSurgical Innovations Regulatory News (SUN)

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Issue of Equity

11 May 2011 17:12

RNS Number : 4299G
Surgical Innovations Group PLC
11 May 2011
 



11 May 2011

 

Surgical Innovations Group plc

("SI" or "the Group")

Issue of Equity

 

Surgical Innovations Group plc (AIM:SUN), the designer and manufacturer of innovative medical devices, today announces that following the exercise of options by a senior employee yesterday it has issued and allotted 820,000 ordinary shares of 1.0p each.

Accordingly Application has been made to the London Stock Exchange for the 820,000 New Ordinary Shares of 1.0p each to be admitted to trading on AIM ("Admission"). It is expected that such Admission will occur on 20 May 2011. The new ordinary shares rank pari passu with the existing shares of the Company.

 

Following Admission the total number of ordinary shares in issue will be 394,737,902 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.

 

 

- Ends -

Enquiries:

Surgical Innovations Group plc

Doug Liversidge, Non-Executive Chairman

Graham Bowland, Chief Executive Officer

Tel: +44 (0) 113 230 7597

graham.bowland@surginno.co.uk

www.surginno.com

 

Seymour Pierce Limited

Freddy Crossley

Tel: +44 (0) 20 7107 8000

Sarah Jacobs

Corporate Broking

Marianne Woods

www.seymourpierce.com

 

Media enquiries:The Communications Portfolio

Ariane Comstiveariane.comstive@communications-portfolio.co.uk

Tel: +44 (0) 20 7536 2028

Mob: +44 (0) 7785 922 354

Notes to Editors:

About Surgical Innovations Group plc

Surgical Innovations Group plc specialises in the design and manufacture of innovative devices for use in minimally invasive surgery (MIS) and industrial markets.

As well as manufacturing single-use and reusable instruments for the laparoscopic market, the Group has pioneered its flagship Resposable® instrumentation combining both single use and reusable components, ensuring ongoing revenue streams and delivering the optimum procedure performance to cost ratio.

Over 100 people are employed at the Group's 32,000 square feet facility in Leeds, with in-house design, plastic injection moulding and manufacturing equipment, producing products to the highest quality standards.

The Group's patented products are sold through three main channels:

SI brand

Through an established network of 45 distribution partners, Surgical Innovations branded products are sold in all major medical markets including North America, Europe, South Africa, the Middle East, South-east Asia and Australia.

OEM and IP

The Group supplies large medical device companies on an OEM basis, collecting sales fees as well as IP license and royalty fees. Clients include Teleflex Medical, Gyrus and CareFusion.

Industrial

 

SI's patented segment technology has been applied to the industrial market enabling customers to undertake inspection and maintenance of large-scale equipment, such as turbines, in situ with minimum disassembly and downtime.

For more information, see www.surginno.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEQFLFFFEFFBBF
Date   Source Headline
11th Nov 20096:02 pmPRNGrant of Options
11th Nov 20093:38 pmPRNHolding(s) in Company
6th Nov 20093:41 pmPRNDirector/PDMR Shareholding
4th Nov 20095:26 pmPRNHolding(s) in Company
30th Oct 20093:03 pmPRNHolding(s) in Company
19th Oct 20092:23 pmPRNHolding(s) in Company
9th Oct 200912:34 pmRNSHolding(s) in Company
29th Sep 20097:00 amRNSInterim Results
24th Aug 200911:00 amRNSNotice of Results
20th May 20092:59 pmRNSResult of AGM
20th May 20097:00 amRNSAGM Statement
31st Mar 20097:00 amRNSFinal Results
30th Jan 20094:15 pmRNSHolding(s) in Company
28th Jan 20097:00 amPRNGrants of Options
26th Jan 20095:26 pmPRNCorrection : Director/PDMR Shareholding
22nd Jan 20097:00 amRNSNotice of Results
16th Jan 200911:49 amPRNDirector/PDMR Shareholding
12th Jan 20092:35 pmPRNHolding(s) in Company
29th Sep 20087:00 amRNSInterim Results
16th Sep 20087:00 amRNSNotice of Results
11th Jul 20087:00 amRNSDirectorate Change
25th Jun 20082:15 pmRNSResult of AGM
25th Jun 200812:00 pmRNSAGM Statement
23rd Jun 20087:00 amPRNDirector/PDMR Shareholding
13th Jun 20081:18 pmRNSNotice of AGM
8th May 20081:00 pmRNSChange of Company Address
29th Apr 20087:01 amRNSFinal Results
7th Apr 20087:00 amRNSNotice of Results
9th Nov 20077:01 amRNSGrant of Options
2nd Oct 20077:01 amRNSDirectorate Appointment
27th Sep 20077:02 amRNSInterim Results
14th Sep 20077:00 amRNSNotice of Results
20th Aug 20077:02 amRNSAIM Rule 26 Information
30th Jul 20077:01 amRNSUS Distribution Agreement
29th Jun 200712:13 pmPRNHolding(s) in Company
29th Jun 200711:44 amPRNTotal Voting Rights
25th Jun 20072:15 pmRNSResult of AGM
25th Jun 200712:00 pmRNSAGM Statement
22nd Jun 200711:34 amPRNHolding(s) in Company
22nd Jun 200711:19 amPRNHolding(s) in Company
11th Jun 200711:24 amPRNResult of EGM
21st May 200712:05 pmPRNHolding(s) in Company
17th May 20077:00 amPRNPlacing
30th Apr 20077:02 amRNSFinal Results
12th Mar 20073:41 pmPRNHolding(s) in Company
5th Mar 20077:01 amRNSNotice of Results
8th Jan 20077:01 amRNSTrading Update
29th Dec 20069:51 amPRNTotal Voting Rights
18th Dec 20067:01 amRNSUS hospital group Agreement
7th Sep 20067:02 amRNSInterim Results

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