Medica Group PLC
Director / PDMR Shareholding
Medica Group PLC (the "Company") announces that on 16 September 2019, the PDMR listed below was granted options over ordinary shares of 0.2p each in the Company under the Company's Performance Share Plan 2017 at a nil exercise price:
Name of PDMR
Number of shares subject to option
Dr Stuart Quin
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation and set out more details of the transactions.
Details of PDMR
1. Dr Stuart Quin
Reason for notification
Position / status
1. Chief Executive Officer
Initial notification / amendment
Initial notification in each case
Details of the Issuer
Medica Group PLC
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 transaction(s) have been conducted
Description of the financial instrument
Ordinary shares of 0.2p each in the capital of the Company ("Shares")
Nature of the transaction
Grant of options to acquire Shares pursuant to the Company's Performance Share Plan 2017
Price(s) and volume
Exercise Price nil
Date of the transaction
16 September 2019
Place of the transaction
Outside a trading venue
For further details contact:
+44 (0)33 33 111 222
Stuart Quin, Chief Executive Officer
Tony Lee, Chief Financial Officer
+44 (0)20 3727 1000
Victoria Foster Mitchell
Medica is the UK market leader by revenue in the provision of teleradiology services, providing outsourced interpretation and reporting on MRI (magnetic resonance imaging), CT (computerised tomography) and plain film (x-ray) images. The Company currently offers three primary services to hospital radiology departments: NightHawk, an out-of-hours service, routine cross-sectional (Routine CS) reporting on MRI and CT scans, and routine plain film (Routine PF) reporting on x-ray images.
Medica has developed a bespoke secure IT platform that provides market-leading linkage between a hospital's Radiology Information System (RIS) and Consultant Radiologists who contract with Medica. Direct RIS access ensures that the full wider patient information is available and reviewed with every report.
The Company contracts with the largest pool of consultant radiologists outside of the NHS and has been trusted to provide more than 1.5 million examinations annually across its customer base of more than 100 NHS hospitals and various private hospital groups and diagnostic imaging companies. For more information please visit www.medicagroup.co.uk
Teleradiology is the electronic transmission of radiological patient images, including plain film (x-rays), CT scans and MRI scans, from one location to another for the purposes of diagnostic interpretation and reporting.
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