Placing Raises £217,000

The Board of Sutherland Health Group announces that the Company has placed in total 8,680,000 new Ordinary Shares at 2.5p raising £217,000 (before expenses) and has now closed the Placing.

 

                                                                                                                                                  11 May 2010
                                                      SUTHERLAND HEALTH GROUP PLC
                                          (“Sutherland Health Group” or “the Company”)
                                                               PLUS Symbol: SHGP


                                                        PLACING RAISES £217,000


The Board of Sutherland Health Group, a national supplier of patient hygiene, and sexual health products to customers including the NHS, announces that the Company has placed in total 8,680,000 new Ordinary Shares at 2.5p raising £217,000 (before expenses) and has now closed the Placing.


The Directors purchased 600,000 new Ordinary Shares in the Placing.


The funds raised will be used by the Company for working capital, to continue new product development, and to recruit a sales person to widen the company’s distribution of its products.


The Shareholders who have in excess of 3% of the Company are as follows:-

Shareholder  No of Shares   % of issued Shares
George Sutherland*      25,468,800 39.99%
Worship St Investments Plc   4,000,000  6.28%
Sutherland RBS**    3,352,420  5.26%
Suzanne Sutherland 3,044,540   4.78%
Majedie Investments Plc 3,000,000 4.71%
T1ps Small Companies EIS Fund 2,880,000  4.52%

*includes 45,000 shares of his wife Sheena Sukumaran a fellow director of the

Company
** Sutherland RBS is a pension fund for the benefit of George Sutherland


The total Directors’ shareholding is 30,618,945 ordinary shares representing
48.08% of the issued ordinary share capital.


The total ordinary shares in issue are 63,688,060.


---ENDS---


The Directors of the Issuer accept responsibility for this announcement.


Enquiries:


John French, Chairman
Sutherland Health Group plc
E: john@sutherlandhealth.com
T: 07836 722 482


Bridge Hall
Alex Benger
E: corpfin@bhcf.co.uk
T: 020 7337 9705


Bishopsgate Communications Ltd.
Maxine Barnes
E: shg@bishopsgatecommunications.com
T: 020 7562 3367


Notes to Editors:

Sutherland Health Group Plc is a national supplier of patient hygiene, sexual health and diagnostic products to the UK National Health Service (NHS) and other UK customers. Its aim is to supply innovative solutions to current health issues by studying current trends and working alongside leading professionals who also work within the health sector.


The company is committed to developing and marketing high quality brands and products that will benefit health professionals and consumers alike in many areas of health. The Group has established its own brands Condomania® Condoms, Sutherland® Lubricating Jelly and Vision® pregnancy diagnostics that have already become established within the NHS business.


The Company has also developed the Sutherland® patient hygiene range which is now on contract with NHS England and NHS Northern Ireland that can reduce the risk to patients of cross infection.


The Group is ISO and MHRA registered, and at present principally operates within the United Kingdom.


For further information on the Company visit www.sutherlandhealth.com

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