Source - LSE Regulatory
RNS Number : 7723Z
Deltex Medical Group PLC
22 September 2020
 

22 September 2020

 

Deltex Medical Group plc

("Deltex Medical" or the "Company")

Director Dealing

 

Deltex Medical Group plc (AIM: DEMG), the global leader in Oesophageal Doppler Monitoring ("ODM"), announces that David Moorhouse, Finance Director of the Company, today purchased 370,000 ordinary shares in the Company ("Ordinary Shares") at a price of 1.35 pence per Ordinary Share and now holds a total of 829,834 Ordinary Shares.

 

For further information, please contact:-

 

Deltex Medical Group plc

01243 774 837

Andy Mears, CEO 

David Moorhouse, Group Finance Director

investorinfo@deltexmedical.com

 

  Nominated Adviser & Broker

 

  Arden Partners plc

020 7614 5900

  Ciaran Walsh

  Dan Gee-Summons

 

 

 

 

 

  Joint Broker

 

  Turner Pope Investments (TPI) Ltd

0203 657 0050

  Andy Thacker

  Zoe Alexander

info@turnerpope.com

 

Notes for Editors

Deltex Medical manufactures and markets haemodynamic monitoring technologies which are primarily used in critical care and general surgical procedures. Deltex Medical's proprietary oesophageal Doppler monitoring ("ODM") (TrueVue Doppler) measures blood flow velocity 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 blood flow and measures such changes in 'real time'. Deltex Medical is the only company in the enhanced haemodynamic space to have built a robust and credible evidence base demonstrating both the clinical and economic benefits of its core technology: TrueVue Doppler. This technology has been proven in a wide range of clinical trials to reduce complications suffered by patients after surgery and consequently can save hospitals money.

Deltex Medical's TrueVue System on the CardioQ-ODM+ monitor platform now provides clinicians with two further advanced haemodynamic monitoring technologies. TrueVue Impedance is an entirely non-invasive monitoring technology which transmits low magnitude, high frequency electrical signals through the thorax and measures the changes to this signal when the heart pumps blood. TrueVue PressureWave uses the 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 a vital part of the anaesthesia protocols for surgical patients, as well as treating ventilated intensive care patients, including ventilated COVID-19 patients. 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 clinical condition as well as the skill and expertise of the user. Doing this will enable the Group to partner with 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 and the USA, and via agreements with approximately 40 distributors overseas. 

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 persons discharging managerial responsibilities / person closely associated 

a)

 

Names 

David Moorhouse - Finance Director

 

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 Medical 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

 



Ordinary shares of 1 penny each ("Ordinary Shares")

b)

Identification code 

 

GB0059337583

c)

 

Nature of the transaction 

 


Purchase of Ordinary Shares

 

d)

 

Price(s) and volume(s)

Prices(s)

Volume(s)

1.35 pence

370,000

 

d)

 

Aggregated information 

- Aggregated volume

- Price



N/a

N/a

e)

 

Date of the transaction 

22 September 2020

f)

 

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

 

 

 

 

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