REG - SDI Group PLC - Long Term Incentive Plan Awards

SDIAnnouncement

26/10/2022 07:16

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RNS Number : 0919E  SDI Group PLC  26 October 2022

SDI Group plc

 

("SDI", the "Company" or the "Group")

 

Long Term Incentive Plan ("LTIP") Awards

SDI Group plc, the AIM quoted Group focused on the design and manufacture of
scientific and technology products for use in digital imaging and sensing and
control applications, announces details of awards on 25 October 2022 under the
Scientific Digital Imaging plc Long Term Incentive Plan 2018 ("LTIP") (the
"Grant").

Pursuant to the LTIP, the following awards have been made:

 Name          Role                     LTIP Award           Vesting Date     Total options following the Grant

                                                                              (number of shares)

                                        (number of shares)
 Mike Creedon  Chief Executive Officer  179,622              25 October 2025  892,596
 Ami Sharma    Chief Financial Officer  211,056              25 October 2025  211,056

 

The nil paid awards are subject to a 3 year performance period (the
"Performance Period") followed by a holding period to be determined by the
Remuneration Committee. The awards are further subject to claw back and malus
provisions. The performance condition for the awards is linked to the
Company's growth measured in EPS and total shareholder return.

 

FOR FURTHER INFORMATION

 

 SDI Group plc                                                  01223 727144

 Ken Ford, Chairman

 Mike Creedon, Chief Executive Officer

 Ami Sharma, Chief Financial Officer
 www.sdigroup.com (http://www.sdigroup.com)

 finnCap Ltd                                                    020 7220 0500

 Ed Frisby/Seamus Fricker/Milesh Hindocha - Corporate Finance

 Andrew Burdis/Sunila de Silva - ECM

About SDI Group plc:

SDI designs and manufactures scientific and technology products for use in
digital imaging and sensing and control applications including life sciences,
healthcare, astronomy, manufacturing, precision optics and art conservation.
SDI operates through its company divisions: Atik Cameras, Synoptics,
Graticules Optics, Sentek, Astles Control Systems, Applied Thermal Control,
MPB Industries, Chell Instruments, Monmouth Scientific, Uniform Engineering,
Scientific Vacuum Systems, Safelab Systems, LTE Scientific and Fraser
Anti-Static Techniques.

SDI continues to grow by developing its own technology advancements and by
improving its global sales channels, as well as through pursuing strategic,
complementary acquisitions.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Mike Creedon
 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                                    Issue of Options
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  nil       179,622
 d)  Aggregated information:

·         Aggregated volume                                 As in 4c) above

     ·         Price
 e)  Date of the transaction                                      25 October 2022
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

·         Aggregated volume

·         Price

 

As in 4c) above

 

e)

Date of the transaction

25 October 2022

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                                    Issue of Options
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  nil       211,056
 d)  Aggregated information:

·         Aggregated volume                                 As in 4c) above

     ·         Price
 e)  Date of the transaction                                      25 October 2022
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

·         Aggregated volume

·         Price

 

As in 4c) above

 

e)

Date of the transaction

25 October 2022

f)

Place of the transaction

Outside a trading venue

 

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