ADVANCED MEDICAL SOLUTIONS GROUP PLC — Director's Dealing 2021

Apr 14, 2021

National Storage Mechanism | Additional information

RNS Number : 5116V

Advanced Medical Solutions Grp PLC

14 April 2021

	14 April 2021

Advanced Medical Solutions Group plc

("AMS", the "Company" or the "Group")

Director/PDMR Shareholding

Winsford, UK: Advanced Medical Solutions Group plc (AIM: AMS), the surgical and advanced wound care specialist company, announces the following PDMR share transactions.

As part of the Company's Deferred Share Bonus Plan (DSB), Executive Directors and employees can sacrifice part of their annual bonus to be invested in the DSB, which for every share purchased on behalf of the employee they receive matching shares which are deferred for a minimum of three years. As a result of there being no Executive bonuses being awarded for the financial year ended 31 December 2020 due to the financial impact of COVID-19, Chris Meredith (CEO) and Eddie Johnson (CFO) have elected to sell certain existing shares to use the proceeds to re-invest in the DSB. The decision to participate in the DSB was taken on 7 April 2021.

The Company was notified on 9 April 2021 that following his decision to participate on 7 April, Chris  Meredith, who is a Director and PDMR, executed the exercise of 23,369 options from the existing Deferred Annual Bonus Plan (DAB). Chris Meredith elected to receive an additional 272 dividend shares which were earned during the holding period under the terms of the DAB. Chris Meredith has also executed the exercise of 3,010 Ordinary Shares of 5p from the existing DSB and subsequently sold 28,156 Ordinary Shares of 5p each on 9 April 2021 at a share price of 241p per Ordinary Share. The proceeds from the sale of the shares will be used to purchase shares in the DSB which administratively occurs in May 2021, and will increase Chris Meredith's beneficial interest in the Company from the level prior to these transactions.

As a result of these transactions Chris Meredith's beneficial interest in the Company is as follows, prior to the purchase of shares in May 2021:

Deferred Share Bonus Plan (DSB)

PDMR	No. of DSBs prior to exercise	DSBs exercised	Ordinary Shares sold	Ordinary Shares retained	DSBs after exercise
Chris Meredith	60,300	3,010	3,010	Nil	57,290

Deferred Annual Bonus Plan (DAB)

PDMR	DABs prior to exercise	DABs exercised	Dividend Shares received	Ordinary Shares sold	Ordinary Shares retained	DABs after exercise
Chris Meredith	57,977	23,369	272	23,641	Nil	34,608

Overall Holding

PDMR	Holding prior to exercise	Number of shares exercised	Dividend Shares received	Number of shares sold	Sale price (p)	Resultant holding	% of issued share capital
Chris Meredith	1,511,550	26,379	272	28,156	241p	1,510,045	0.7%

The Company was notified on 9 April 2021 that following his decision to participate on 7 April, Eddie Johnson, who is a Director and PDMR, executed the exercise of 17,254 Ordinary Shares of 5p from the existing DSB and subsequently sold 19,193 Ordinary Shares of 5p each on 9 April 2021 at a share price of 241p per Ordinary Share. The proceeds from the sale of the shares will be entirely used to purchase shares in the DSB which administratively occurs in May 2021, and will increase Eddie Johnson's beneficial interest in the Company from the level prior to these transactions.

As a result of these transactions Eddie Johnson's beneficial interest in the Company is as follows, prior to the purchase of shares in May 2021:

Deferred Share Bonus Plan (DSB)

PDMR	No. of DSBs prior to exercise	DSBs exercised	Ordinary Shares sold	Ordinary Shares retained	DSBs after exercise
Eddie Johnson	91,618	17,254	17,254	Nil	74,364

Overall Holding

PDMR	Holding prior to exercise	Number of shares exercised	Dividend Shares received	Number of shares sold	Sale price (p)	Resultant holding	% of issued share capital
Eddie Johnson	67,967	17,254	0	19,193	241p	66,028	0.03%

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Chris Meredith

2.

Reason for the notification

a)

Position/status: Director/PDMR

b)

Initial notification/Amendment: Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:   Advanced Medical Solutions Group plc

b)

LEI: 213800HJP6OWOSZI1L74

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument: Ordinary Shares of 5p

Identification code: GB0004536594

b)

Nature of the transactions:

·        Exercise of 23,369 shares from the Deferred Annual Bonus Plan

·        Award of 272 Dividend Shares from the Deferred Annual Bonus Plan

·        Exercise of 3,010 shares from the Deferred Share Bonus Plan

·        Sale of 28,156 Ordinary Shares of 5p

c)

Price(s) and volume(s):

Sale of shares:

Price(s)	Volume(s)
£2.41	28,156

d)

Aggregated information: (Relates to those shares sold only)

Aggregated volume: 28,156

Aggregated price: £2.41

e)

Date of the transaction: 09/04/2021

f)

Place of the transaction: London Stock Exchange, AIM Market (XLON)

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Eddie Johnson

2.

Reason for the notification

a)

Position/status: Director/PDMR

b)

Initial notification/Amendment: Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:   Advanced Medical Solutions Group plc

b)

LEI: 213800HJP6OWOSZI1L74

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument: Ordinary Shares of 5p

Identification code: GB0004536594

b)

Nature of the transaction:

·        Exercise of 17,254 shares from the Deferred Share Bonus Plan

·        Sale of 19,193 Ordinary Shares of 5p

c)

Price(s) and volume(s):

Sale of shares:

Price(s)	Volume(s)
£2.41	19,193

d)

Aggregated information: (Relates to those shares sold only)

Aggregated volume: 19,193

Aggregated price: £2.41

e)

Date of the transaction: 09/04/2021

f)

Place of the transaction: London Stock Exchange, AIM Market (XLON)

-End -

For further information, please visit www.admedsol.com or contact:

Advanced Medical Solutions Group plc	Tel: +44 (0) 1606 545508
Chris Meredith, Chief Executive Officer Eddie Johnson, Chief Financial Officer
Consilium Strategic Communications	Tel: +44 (0) 20 3709 5700
Mary-Jane Elliott / Matthew Neal / Olivia Manser	AMS@consilium-comms.com
Investec Bank PLC (NOMAD & Broker)	Tel: +44 (0) 20 7597 5970
Daniel Adams / Gary Clarence / Patrick Robb

About Advanced Medical Solutions Group plc

AMS is a world-leading independent developer and manufacturer of innovative and technologically advanced products for the global surgical and woundcare markets, focused on quality outcomes for patients and value for payers. AMS has a wide range of surgical products including tissue adhesives, sutures, haemostats, and internal fixation devices, which it markets under its brands LiquiBand®, RESORBA®, and LiquiBandFix8®. AMS also supplies wound care dressings such as silver alginates, alginates and foams through its ActivHeal® brand as well as under white label. In 2019, the Group made two acquisitions: Sealantis, an Israeli medical device company with a patent-protected sealant technology platform; and Biomatlante, an established developer and manufacturer of innovative surgical biomaterial technologies based in France. In 2020, the Group acquired Raleigh Adhesive Coatings, a leading coater and converter of materials predominately for woundcare and bio-diagnostics products based in the UK.

AMS's products, manufactured in the UK, Germany, France, the Netherlands, and the Czech Republic, are sold globally via a network of multinational or regional partners and distributors, as well as via AMS's own direct sales forces in the UK, Germany, the Czech Republic and Russia. The Group has R&D innovation hubs in the UK, Germany, France and Israel. Established in 1991, the Group has approximately 700 employees. For more information, please see www.admedsol.com.

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