Director/PDMR Shareholding
Updated : 14:34
LEI: 213800H188ZDCWWXFA21
Creo Medical Group plc
("Creo" or the "Company")
Director/PDMR Share Dealings
Creo Medical Group plc (AIM: CREO), a medical device company focused on the emerging field of surgical endoscopy for cancer and pre-cancer patients, announce that on 24 October 2024, Richard Rees, CFO has:
a) in order to effect a "Bed and ISA" transaction, sold 1740,740 ordinary shares in the Company ("Ordinary Shares") at a price of 20 pence per Ordinary Share from his Dealing Account and then repurchased into his Individual Savings Account ("ISA") 98,000 Ordinary Shares at a price of £20.015 pence per Ordinary Share; and
b) Rachel Rees, a person closely associated with him ("PCA") has purchased the remaining 76,740 Ordinary Shares into her ISA.
Following these transactions, there has been no change in the number of shares in which Richard Rees has an interest.
This announcement, including the notification below, is made in accordance with the requirements of the UK Market Abuse Regulation.
For further information please contact:
Creo Medical Group plc | ||
Richard Craven, Company Secretary | Via Walbrook PR | |
Cavendish Capital Markets Limited (Nominated Adviser, Joint Bookrunner and Joint Broker) |
+44 (0)20 7220 0500 | |
Stephen Keys / Camilla Hume / George Lawson (NOMAD) | ||
Michael Johnson (Sales) | ||
Deutsche Numis (Joint Bookrunner and Joint Broker) Freddie Barnfield / Duncan Monteith / Euan Brown William Baunton (ECM) | +44 (0)20 7260 1000 | |
| ||
Walbrook PR Ltd | Tel: +44 (0)20 7933 8780 or creo@walbrookpr.com | |
Paul McManus / Alice Woodings Philip Marriage | Mob: +44 (0)7980 541 893 / +44 (0)7407 804 654 Mob: +44 (0)7867 984 082 | |
About Creo Medical
Creo Medical is a medical device company focused on the development and commercialisation of minimally invasive electrosurgical devices, bringing advanced energy to endoscopy.
The Company's vision is to improve patient outcomes through the development and commercialisation of a suite of electrosurgical medical devices, each enabled by CROMA, powered by Kamaptive. The Group has developed the CROMA powered by Kamaptive full-spectrum adaptive technology to optimise surgical capability and patient outcomes. Kamaptive is a seamless, intuitive integration of multi-modal energy sources, optimised to dynamically adapt to patient tissue during procedures such as resection, dissection, coagulation and ablation of tissue. Kamaptive technology provides clinicians with increased flexibility, precision and controlled surgical solutions. CROMA currently delivers bipolar radiofrequency ("RF") energy for precise localised cutting and focused high frequency microwave ("MW") energy for controlled coagulation and ablation via a single accessory port. This technology, combined with the Group's range of patented electrosurgical devices, is designed to provide clinicians with flexible, accurate and controlled clinical solutions. The Directors believe the Company's technology can impact the landscape of surgery and endoscopy by providing a safer, less-invasive and more cost-efficient option for procedures.
For more information, please refer to the website www.creomedical.com
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 | Richard Rees | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Creo Medical Group plc | |
b) | LEI | 213800H188ZDCWWXFA21 | |
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 £0.001 each | |
Identification code | GB00BZ1BLL44 | ||
b) | Nature of the transaction | 1. Sale of Ordinary Shares | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.20 | 174,740 | ||
d) | Aggregated information | N/A single transaction | |
Aggregated volume | N/A single transaction | ||
Price | N/A single transaction | ||
e) | Date of the transaction | 24 October 2024 | |
f) | Place of the transaction | London Stock Exchange |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Richard Rees | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Creo Medical Group plc | |
b) | LEI | 213800H188ZDCWWXFA21 | |
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 £0.001 each | |
Identification code | GB00BZ1BLL44 | ||
b) | Nature of the transaction | 1. Purchase of Ordinary Shares via his ISA | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.20015 | 98,000 | ||
d) | Aggregated information | N/A single transaction | |
Aggregated volume | N/A single transaction | ||
Price | N/A single transaction | ||
e) | Date of the transaction | 24 October 2024 | |
f) | Place of the transaction | London Stock Exchange |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Rachel Rees | |
2 | Reason for the notification | ||
a) | Position/status | PCA to Richard Rees, CFO | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Creo Medical Group plc | |
b) | LEI | 213800H188ZDCWWXFA21 | |
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 £0.001 each | |
Identification code | GB00BZ1BLL44 | ||
b) | Nature of the transaction | Purchase of Ordinary Shares | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.20015 | 76,740 | ||
d) | Aggregated information | N/A single transaction | |
Aggregated volume | N/A single transaction | ||
Price | N/A single transaction | ||
e) | Date of the transaction | 24 October 2024 | |
f) | Place of the transaction | London Stock Exchange |
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