Remuneration Information • Aug 6, 2018
Remuneration Information
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National Storage Mechanism | Additional information
RNS Number : 9746W
Deltex Medical Group PLC
06 August 2018
The following amendments have been made to the Transaction in own shares announcement released on 6 August 2018 at 07:00 under RNS number 8848W.
The Board has approved the issue of 10,000,000 share options to Andy Mears under the Company's 2003 Share Option Scheme (EMI Share Scheme).
Following the grant of EMI options above, the options held by Andy Mears are shown below:
| Executive Director | 2001 Executive Share Scheme | 2011 Executive Share Scheme | EMI Share Scheme | Total |
| Number | Number | Number | Number | |
| Andy Mears | 125,000 | 2,387,500 | 10,000,000 | 12,512,500 |
All other details remain unchanged.
The full amended text is shown below.
6 August 2018
Deltex Medical Group plc
("Deltex Medical" or "the Company")
Grant of Options - Correction
Deltex Medical Group plc (AIM: DEMG), the global leader in Oesophageal Doppler Monitoring ("ODM"), today announces that the Board has approved the issue of share options to Andy Mears, Chief Executive.
Employee Share Option Scheme
The Board has approved the issue of 10,000,000 share options to Andy Mears under the Company's 2003 Share Option Scheme (EMI Share Scheme). The exercise price is 1 penny per share option, a premium of 18% over the closing price on 2 August 2018. These share options may ordinarily be exercised between January 2020 and August 2028 subject to the achievement of relevant performance conditions which are based on achieving certain specified adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) targets.
Confirmation of Director's interest in share options
Following the grant of EMI options above, the options held by Andy Mears are shown below:
| Executive Director | 2001 Executive Share Scheme | 2011 Executive Share Scheme | EMI Share Scheme | Total |
| Number | Number | Number | Number | |
| Andy Mears | 125,000 | 2,387,500 | 10,000,000 | 12,512,500 |
For further information, please contact:-
| Deltex Medical Group plc | 01243 774 837 [email protected] |
| Nigel Keen, Chairman | |
| Andy Mears, Chief Executive | |
| Jonathan Shaw, Group Finance Director | |
| Nominated Adviser & Broker | |
| Arden Partners plc | 020 7614 5900 |
| Chris Hardie Ciaran Walsh |
|
| Joint Broker | |
| Turner Pope Investments (TPI) Ltd | 0203 621 4120 [email protected] |
| Andy Thacker | |
| Financial Public Relations | |
| IFC Advisory | 0203 934 6630 |
| Tim Metcalfe Graham Herring Heather Armstrong |
Notes for Editors
Deltex Medical manufactures and markets haemodynamic monitoring technologies. Deltex Medical's proprietary ODM (TrueVueTM Doppler) is the only technology to measure blood flow in the central circulation in real time. Minimally invasive, easy to set up and quick to focus, the technology generates a low-frequency ultrasound signal, which is highly sensitive to changes in flow and measures them immediately. Deltex has been the only group in the enhanced haemodynamic space to build a robust and credible evidence base proving the clinical and economic benefits of its core technology, TrueVueTM Doppler, which is proven to reduce complications suffered by patients after surgery and save hospitals the costs of treating those complications.
Deltex Medical's TrueVueTM System on the CardioQ-ODM+ monitor platform also now provides clinicians with two further advanced haemodynamic monitoring technologies. High Definition Impedance Cardiography (TrueVueTM Impedance) is an entirely non-invasive monitoring technology which creates an electrical field across the chest and measures the disruption to this field when the heart pumps blood. Pulse Pressure Waveform Analysis (TrueVueTM Pressurewave) uses peripheral blood pressure signal analysis to give doctors information on changes in the circulation and is particularly suited to monitoring lower risk or haemodynamically stable patients.
Group goal
Haemodynamic management is now becoming widely accepted as an important major new medical modality. Consequently, the Group's focus is on maximising value from the opportunities presented, as enhanced haemodynamic management is adopted into routine clinical practice around the world. The Group aims to provide clinicians with a single platform, a 'haemodynamic workstation', which offers them a range of technologies from simple to sophisticated to be deployed according to the patient's condition as well as the skill and expertise of the user. Doing this will enable the Group to partner healthcare providers to support modern haemodynamic management across the whole hospital.
The Group is currently in the implementation phase of achieving this goal in a number of territories worldwide, operating directly in the UK, USA, Spain and Canada and through distribution arrangements in a further 30 countries.
Note: This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Names | Andy Mears - Chief Executive Officer |
| 2 | Reason for the notification | |
| a) | Position/status | See 1(a) above for position - classified as a PDMR of Deltex Medical |
| b) | Initial notification /Amendment | Initial |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Deltex Medial Group plc |
| b) | LEI | 213800XN34P6LI8J6M39 |
| 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 | Conditional awards over Ordinary shares of 1 penny each ("Ordinary Shares") |
| b) | Identification code | GB0059337583 |
| c) | Nature of the transaction | Share option |
| d) | Price(s) and volume(s) | Conditional award over 10,000,000 shares under the Deltex Medical 2003 Share Option Scheme with an exercise price of 1 penny per share option. |
| d) | Aggregated information - Aggregated volume - Price |
N/a |
| e) | Date of the transaction | 3 August 2018 |
| f) | Place of the transaction | Grant of share awards occurred outside of a trading venue. |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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