17 June 2024
TruSpine Technologies
plc
("TruSpine" or the
"Company")
Share Transfer Agreement,
Director/PDMR dealing and Related Party
Transaction
TruSpine Technologies Plc, the
medical device company focused on the spinal (vertebral)
stabilisation market, announces that, the Company together with
Geoff Miller, Non-executive Chairman of the Company and a
shareholder of the Company ("Shareholder") entered into an
agreement, pursuant to which the Shareholder has agreed to transfer
1,500,000 ordinary shares at a price of 1.5 pence per share, for an
aggregate consideration of £22,500, to Geoff Miller (the "Share
Transfer Agreement").
Director/PDMR dealing
As Geoff Miller is the Company's
Non-executive Chairman, the Share Transfer Agreement constitutes a
director dealing. Following the transaction, Mr Miller will hold
14,111,828 ordinary shares in the Company, representing 9.22 per
cent. of the Company's current issued share capital. In addition,
Mr Miller holds £136,573 of the Company's Convertible Loan Notes as
announced on 14 March 2024.
Related Party Transaction
The entering into the Share Transfer
Agreement (the "Transaction") is a related party transaction for
the purposes of Rule 4.6 of the AQSE Growth Market Access Rulebook,
by virtue of the Company and Geoff Miller, Non-executive Chairman
of the Company, being a party to the Share Transfer Agreement. The
directors of TruSpine independent of the Transaction confirm that,
having exercised reasonable care, skill and diligence, the
Transaction is fair and reasonable insofar as the shareholders of
TruSpine are concerned.
This announcement contains inside
information for the purposes of the UK Market Abuse Regulation and
the Directors of the Company are responsible for the release of
this announcement.
-END-
Enquiries:
|
TruSpine Investor Hub
|
https://investorhub.truspinetech.com
|
|
TruSpine Technologies Plc
|
Tel: +44 (0)20 7118 0852
|
|
Geoff Miller, Non-executive
Chairman
|
|
|
|
|
|
Cairn Financial Advisers LLP (AQSE Corporate
Adviser)
|
Tel: +44
(0)20 7213 0880
|
|
Liam Murray / Ludovico
Lazzaretti
|
|
|
Peterhouse Capital Limited (Broker & Financial
Adviser)
|
Tel: +44 (0)20 7469 0930
|
|
Lucy Williams / Duncan
Vasey
|
|
|
Novus Communications (PR and IR)
|
Tel: +44
(0)1273 704 473
|
|
Alan Green / Jacqueline
Briscoe
|
J.Briscoe@novuscomms.com
|
Caution regarding forward looking
statements
Certain statements in this
announcement, are, or may be deemed to be, forward looking
statements. Forward looking statements are identified by their use
of terms and phrases such as ''believe'', ''could'', "should"
''envisage'', ''estimate'', ''intend'', ''may'', ''plan'',
''potentially'', "expect", ''will'' or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements reflect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
|
1
|
Details of the person discharging managerial
responsibilities
|
|
a)
|
Name:
|
Geoff Miller
|
|
2
|
Reason for the Notification
|
|
a)
|
Position/Status:
|
Director
|
|
b)
|
Initial notification/
Amendment:
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
TruSpine Technologies Plc
|
|
b)
|
LEI:
|
213800HNZX9B1QZPB225
|
|
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:
|
Ordinary shares of 0.01 pence
each
ISIN: GB00BMZCKL55
|
|
b)
|
Nature of the
transaction:
|
Acquisition of shares
|
|
c)
|
Price(s) and Volume(s):
|
|
Price(s)
|
Volume(s)
|
|
£0.015
|
1,500,000
|
|
|
d)
|
Aggregated Information:
- Aggregated Volume
- Price
|
N/A
|
|
e)
|
Date of the Transaction:
|
17 June 2024
|
|
f)
|
Place of the Transaction:
|
London
|