Investor News

Issue of Shares and Convertible Loan Note Facility Completion

15 January

The Directors of SGR are pleased to announce that, following the recent announcement made by the Company on 20th December 2018, the proposed issue of new ordinary shares and a convertible loan note facility has now taken place.

Substantial Shareholder

As a result, the Company has issued 3,188,137 ordinary shares to Gulf Healthcare Holdings Limited ("GHHL") which is now interested in 10,514,011 ordinary shares, representing approximately 88.8% of the Company's issued share capital.

Director Shareholdings

Aamir Quraishi, a Non-Executive Director of the Company, is an Executive Director of Sumner Group Holdings Limited ("SGHL"), a company which holds 100% of the issued share capital of GHHL.  

Aamir Quraishi and Jonathan Sumner, an Executive Director of the Company, each hold an interest of approximately 2.1% of the issued share capital of SGHL.  As a result of this issue of shares, they each have an effective interest in the Company of approximately 1.9% (1.8% prior to the issue of shares).

Following the issue of shares, there are 11,846,317 ordinary shares of no par value in issue. There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they can determine whether they are required to notify their interests, or a change to their interests, in the Company under the Disclosure and Transparency Rules.

 

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details:

 

1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Jonathan Sumner
2 Reason for the notification
a) Position/status Executive Director
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name SG Recruitment Limited
b) LEI 213800MZ8TMFB1U3N732
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 Identification code Change in interest following the issue of ordinary shares to Gulf Healthcare Holdings Limited  

SG9999015259
b) Nature of the transactions Issue of 3,188,137 ordinary shares to Gulf Healthcare Holdings Limited with a resultant increase in the indirect holding of Jonathan Sumner.
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.305 3,188,137

d) Aggregated information -     - Aggregated volume -     - Price Indirect shareholding increased to approximately 1.9% (1.8% prior to the issue of shares) £ 1.305
e) Date of the transaction 31st December 2018
f) Place of the transaction Off-market

 

1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Aamir Quraishi
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name SG Recruitment Limited
b) LEI 213800MZ8TMFB1U3N732
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 Identification code Change in interest following issue of ordinary shares to Gulf Healthcare Holdings Limited  

SG9999015259
b) Nature of the transactions Issue of 3,188,137 ordinary shares to Gulf Healthcare Holdings Limited with a resultant increase in the indirect holding of Aamir Quraishi.
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.305 3,188,137

d) Aggregated information -     - Aggregated volume -     - Price Indirect shareholding increased to approximately 1.9% (1.8% prior to the issue of shares) £ 1.305
e) Date of the transaction 31st December 2018
f) Place of the transaction Off-market

 

 

Enquiries:

SG Recruitment Limited  
Steve Howson, Chief Executive Officer Tel: +44 (0) 7815 927 943
   
WH Ireland Ltd (Corporate Adviser)  
Chris Hardie, James Sinclair-Ford Tel: +44  (0) 207 220 1666
   
Daniel Stewart & Company PLC (Broker)  
David Lawman Tel: +44 (0)20 7776 6550

 

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