SDI Group PLC Share Option Awards
27 September 2024 - 8:00AM
RNS Regulatory News
RNS Number : 8976F
SDI Group PLC
27 September 2024
SDI Group plc
("SDI", the "Company" or the
"Group")
Share Option
Awards
SDI Group plc, the AIM quoted Group focused on the design and manufacture
of products for use in the lab equipment, industrial &
scientific sensors and the industrial & scientific products
markets, announces details of the grant of share option awards on
26 September 2024 to the Company's Executive Directors. Two
separate awards were granted to each Executive Director.
One award is a deferred bonus award
in respect of SDI's financial year ended 30 April 2024 granted
under the Company's Unapproved (2008) Share Option scheme. The
other award is a performance based LTIP award granted under the
Company's Long Term Incentive Plan 2018 ("LTIP") (together the
"Grants").
The deferred bonus awards have an
exercise price per share of 1 pence and are ordinarily exercisable
from three years from grant and have no performance
conditions.
The LTIP awards have an exercise
price per share of 1 pence and are ordinarily exercisable three
year from grant to the extent that performance conditions measured
over a 3-year performance period are met. The LTIP awards are also
subject to net of tax post vesting holding period to be determined
by the Remuneration Committee and are subject to claw back and
malus provisions. The performance conditions for the awards are
linked to the Company's growth in EPS and total shareholder
return.
The following awards have been
made:
|
Name
|
Role
|
LTIP award
(no. of shares)
|
Deferred bonus award
(no. of shares)
|
Vesting Date
|
Total options following the Grants
(no
of shares)
|
|
Stephen Brown
|
Chief Executive Officer
|
455,158
|
81,562
|
27 September 2027
|
786,720
|
|
Ami Sharma
|
Chief Financial Officer
|
389,312
|
64,860
|
27 September 2027
|
865,228
|
|
Enquiries:
|
|
|
SDI
Group plc
Stephen Brown, Chief Executive
Officer
Amitabh Sharma, Chief Financial
Officer
|
+44
(0)1223 727144
www.sdigroup.com
|
|
|
Cavendish Capital Markets Ltd (NOMAD &
broker)
Ed Frisby / Seamus Fricker -
Corporate Finance
Andrew Burdis / Sunila de Silva -
ECM
|
+44
(0)20 7220 0500
|
|
|
Vigo Consulting (Financial Communications)
Tim McCall / Rozi Morris / Fiona
Hetherington
|
+44
(0)20 7390 0230
SDIGroup@vigoconsulting.com
|
|
|
| |
About SDI Group plc:
SDl Group plc, specialises in the
acquisition and development of companies that design and
manufacture products for use in the lab equipment, industrial &
scientific sensors and the industrial & scientific products
markets. SDI's current portfolio of 14 companies target markets
including life sciences, healthcare, astronomy, plastics and
packaging, manufacturing, precision optics, measurement
instrumentation and art conservation.
SDI's growth strategy is twofold: 1)
through the enhancement of its portfolio companies (organic growth)
and, 2) through the identification and acquisition of
complementary, niche technology businesses with established
reputations in global markets (inorganic growth).
For more information, please
see: www.SDIGroup.com
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Stephen Brown
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
SDI Group plc
|
|
b)
|
LEI
|
213800YA3XW7JRE46Z70
|
|
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 1p
each
|
|
Identification code
|
GB00B3FBWW43
|
|
b)
|
Nature of the transaction
|
1. Grant of a deferred
bonus award under the Scientific Digital Imaging plc Unappoved
(2008) Share Option scheme.
2. Grant of a LTIP award under the Scientific Digital Imaging plc
Long Term Incentive Plan 2018.
Each award is structured as an
option over Ordinary Shares and have an associated exercise price
of 1 pence per Ordinary Share.
|
|
c)
|
Price(s) and volume(s)
|
|
Exercise Price (s)
|
Volume(s)
|
|
1. 1p
|
81,562
|
|
2. 1p
|
455,158
|
|
|
d)
|
Aggregated information:
·
Aggregated volume
·
Price
|
As in 4 c) above
|
|
e)
|
Date of the transaction
|
26 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Ami Sharma
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
SDI Group plc
|
|
b)
|
LEI
|
213800YA3XW7JRE46Z70
|
|
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 1p
each
|
|
Identification code
|
GB00B3FBWW43
|
|
b)
|
Nature of the transaction
|
1. Grant of a deferred
bonus award under the Scientific Digital Imaging plc Unappoved
(2008) Share Option scheme.
2. Grant of a LTIP award under the Scientific Digital Imaging plc
Long Term Incentive Plan 2018.
Each award is structured as an
option over Ordinary Shares and have an associated exercise price
of 1 pence per Ordinary Share.
|
|
c)
|
Price(s) and volume(s)
|
|
Exercise Price (s)
|
Volume(s)
|
|
1p
|
64,860
|
|
1p
|
389,312
|
|
|
d)
|
Aggregated information:
·
Aggregated volume
·
Price
|
As in 4 c) above
|
|
e)
|
Date of the transaction
|
26 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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