Deltex Medical manufactures and markets CardioQ-ODM™ Oesophageal Doppler Monitoring (ODM) systems. ODM is the only therapy to continually measure blood flow 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 flow and measures them immediately. Randomised Controlled Trials (RCTs), using Doppler, have demonstrated that early fluid management intervention can reduce postoperative complications, reduce intensive care admissions and reduce the length of hospital stay.
ODM is increasingly recognised as a standard of care for patients undergoing major surgery and in critical care. The broader clinical area of haemodynamic management of which ODM is a core constituent is also now becoming widely accepted as an important major new medical modality. Consequently, the Company’s focus is on maximising value from the opportunities presented as enhanced haemodynamic management is adopted into routine clinical practice around the world.
The Company is currently in the implementation phase of achieving this goal in a number of territories worldwide, operating directly in the UK, USA, Spain and Canada and through distribution arrangements in a further 30 countries. There are over 3,400 monitors installed in hospitals around the world and over 700,000 patients have been treated to date using Deltex Medical’s single patient disposable probes.
Nigel Keen, Deltex Medical’s Chairman, commented:
“I am delighted to see the profitability and cash generation in the fourth quarter of 2018, which helps to validate Deltex Medical’s new strategy.
The Group continued to generate cash in the first quarter of 2019.
The focus on patient safety, from both regulators and patient advocacy groups, is increasing which is helping to create interest in Deltex Medical’s TrueVue System.”
2019 News Releases
- 22 May 2019 Chairman’s Statement to Annual General Meeting
- 22 May 2019 Result of AGM
- 13 May 2019 Holdings in Company
- 13 May 2019 Exercise of Options
- 1 May 2019 Publication of Annual Report and Notification of Annual General Meeting
- 25 April 2019 Results summary for year ended 31 December 2018
- 25 April 2019 Results presentation 2018
2018 News Releases
- 30 July 2018 Director PDMR Shareholding
- 27 July 2018 Director/PDMR Shareholding
- 27 July 2018 Shareholding(s) in Company
- 25 July 2018 Pre-close Trading Update
- 20 June 2018 Result of AGM
- 20 June 2018 2018 AGM Presentation
- 20 June 2018 Chairman’s Statement to Annual General Meeting
- 13 June 2018 Directorate change Appointment of new CEO
- 18 May 2018 Partial redemption of convertible loan note
- 17 May 2018 Annual Report and Notification of AGM
- 9 May 2018 TrueVue Loops display launched on CardioQ-ODM+ platform
- 9 May 2018 Results Summary for the year ended 31 December 2017
- 7 March 2018 Notification of Major Interest in Shares
- 1 March 2018 Deltex Medical’s Oesophageal Doppler Monitoring System reduces postoperative complications by 75 per cent
- 20 February 2018 CardioQ ODM wins Paris Hospital System tender
- 12 February 2018 Director dealing and issue of equity
- 9 February 2018 Result of General Meeting
- 9 February 2018 Result of Offer and Additional Allotment
- 24 January 2018 General Meeting Form of Proxy
- 24 January 2018 Placing, Subscription, Offer for Subscription and Loan Notes Circular
- 24 January 2018 Posting of Circular
- 23 January 2018 Result of oversubscribed Placing
- 23 January 2018 Fundraising announcement
- 17 January 2018 Major new US hospital account
- Pre-close Trading update for the year ended 31 December 2017
- 17 January 2018 Major new US hospital account
2017 News Releases
- 25 September 2017 Share Options
- Release and first sale of HD-ICG in France
- 1 September 2017 Interim Report 2017
- 31 August 2017 Notice of Results
- 30 August 2017 Investor Event
- 02 August 2017 Notification of Major Interest in Shares
- 28 July 2017 Notification of Major Interest in Shares
- 27 July 2017 Notification of Major Interest in Shares
- 21 July 2017 Placing and Issue of Shares
- 21 July 2017 Trading update
- 13 June 2017 Director/PDMR Shareholding
- 09 June 2017 Result of Annual General Meeting (AGM)
- 09 June 2017 2017 AGM Presentation
- 09 June 2017 Chairman’s Statement to the Annual General Meeting
- 09 June 2017 First randomised trial in thoracic surgery published
- 31 May 2017 Deltex granted patent for its innovative Combined Blood Flow and Blood Pressure Monitor
- 04 May 2017 Deltex releases non-invasive High Definition Impedance Cardiography module
- 03 May 2017 Exercise of Options
- 03 May 2017 Publication of Annual Report & Accounts 2016 and Notice of Annual General Meeting
- 27 April 2017 Deltex Medical Group plc Annual Report & Accounts 2016
- 27 April 2017 Results Presentation
- 27 April 2017 Results Summary for the year ended 31 December 2016
- 27 April 2017 EU TruVue Grant
- 20 April 2017 Investor Open Day and Notice of Results
- 4 April 2017 Exercise of Options
- 28 March 2017 Notification of Major Interest in Shares
- 22 March 2017 Grant of Options
- 22 March 2017 Share issues
Operating mainly in the UK, with subsidiaries in the Canada, Spain and the USA, Deltex Medical manufactures and markets the CardioQ-ODM™.
Deltex Medical’s CardioQ-ODM oesophageal Doppler monitor (ODM) changes the way Clinicians can care for patients having major surgery or in intensive care. ODM is the only technology to measure blood flow in the central circulation; it is highly sensitive to changes in flow and measures them immediately and accurately. ODM is simple to use and enables Clinicians to intervene quickly and safely, based on small changes in circulating blood volume and so, avoid the dangers of reduced oxygen delivery.
ODM guided intraoperative fluid management (IOFM) is a cornerstone of Enhanced Recovery; delivering better quality, more cost effective care. It means patients recover from their surgery faster, leave hospital sooner and in better health than they otherwise would do. Having established a substantial high quality evidence base supporting wide-scale use of its products on both clinical and economic grounds, Deltex Medical is working with leading hospitals around the world to introduce ODM guided fluid management into routine use.
The committee is Chaired by Julian Cazalet and comprises of the remaining non-executive board members. It assists the board in fulfilling its oversight responsibilities. The primary functions are: to monitor the integrity of the company’s financial statements and other information to shareholders, to monitor the integrity of the company’s systems of internal control (including risk management), to oversee the company’s relationship with its external auditors and to review the effectiveness of the audit process.
This committee comprises of the Chair, Nigel Keen, and the remaining non-executive board members. The primary function of the committee is to determine the remuneration packages of the company’s executive directors and the award of company share options to the company’s employees, on behalf of the board
Nominated Advisors and Brokers
Arden Partners plc
125 Old Broad Street
London EC2N 1AR
Turner Pope Investments Ltd
6th Floor, Becket House
36 Old Jewry
London EC2R 8DD
The Royal Bank of Scotland plc
62-63 Threadneedle Street
PO Box 412
London EC2R 8LA
3 Ocean Way
West Sussex BN99 6DA
AIM Rule 26
This information was last updated on 12 February 2019.
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A description of the business:
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See Board Committees section.
Its country of incorporation and main country of operation:
Deltex Medical Group plc is incorporated in England and Wales (Registration Number 3902895) which is also its main country of operation. Deltex Medical Group plc is traded on the UK AIM market only.
Its current constitutional documents (e.g. its Articles of Association):
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The Company is subject to the provisions of the UK City Code on Takeovers and Mergers.
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Modern slavery encompasses slavery, servitude, human trafficking and forced labour. Deltex Medical Limited has a zero tolerance approach to any form of modern slavery. We are committed to acting ethically and with integrity and transparency in all business dealings.
For copies of the annual and interim reports please see Annual & Interim Reports section.
For all notifications made in the past 12 months please see News Releases section.
For most recent admission document together with any circulars or similar publications sent to shareholders within the past 12 months:
Exchanges or trading platforms on which the company has applied or agreed to have any of its securities admitted or traded
The company’s shares are traded on AIM. There are no other exchanges or trading platforms on which the company has applied or agreed to have its shares admitted or traded. There are no restrictions on the transfer of securities.
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Number of shares in issue
The company’s issued share capital comprises 492,663,367 ordinary shares of 1p each. All of the shares are fully paid; no shares are held as treasury shares. The percentage of shares not held in public hands is 14.30%.
- Nigel Keen – 11.01%
- Janus Henderson Investors – 6.59%
- Charles Stanley – 4.67%
- Interactive Investor – 4.40%
- Hargreaves Lansdown Asset Management – 4.37%
- Herald Investment Management Limited – 4.00%
- Barclays Wealth – 3.94%
- Llewellyn Family – 3.94%
- Mr Andrew Muir – 3.86%
- Mr Peter T Smedvig – 3.46%
- Jarvis Investment Management – 3.35%
- Mr Micheal Stubbs – 3.08%
*Information as of 31 December 2018
This information was last updated on 12 February 2019.
The equity/research analysts at the investment and securities firms listed below, currently write research reports on Deltex Medical Group plc. Please note that this list is subject to change and that any estimates, forecasts or opinions are made by the analysts alone and do not represent the estimates, forecasts or opinions of Deltex Medical or its management.
Investors may wish to contact an analyst directly, in order to obtain copies of a research note. Unless otherwise indicated, the research cannot be obtained from Deltex Medical and there is no obligation upon the analyst to provide any report. Any reports issued may have become out of date after publication and should be read accordingly.
For general enquiries, notification of change of interest in shareholding under Disclosure and Transparency Rules, or if you are a shareholder, who wishes to have additional copies of the Report and Accounts, Interim Statements, presentations etc, please contact:
Deltex Medical Group plc
Tel: +44 (0)1243 523152
Fax: +44 (0)1243 532534
Queries concerning shareholdings in Deltex Medical Group plc, such as the loss of share certificate, dividend payments or change of address, should be directed, in the first instance, to the registrar:
Tel: 0371 384 2030 (within the UK) or +44 (0) 121 415 7047 from overseas. Lines open 8:30am to 5:30pm (UK) time Monday to Friday (excluding UK public holidays in England and Wales). On line: help.shareview.co.uk (From here you will be able to email your query securely).
Annual & Interim Reports
- 2018 Annual Report and Presentation
- 2018 Interim Report and Presentation
- 2017 Annual Report and Presentation
- 2017 Interim Report and Presentation
- 2016 Annual Report and Presentation
- 2016 Interim Report and Presentation
- 2015 Annual Report and Presentation
- 2015 Interim Report and Presentation
- 2014 Annual Report and Presentation