REG - SDI Group PLC - Long Term Incentive Plan Awards

SDIAnnouncement

26/02/2024 07:00

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RNS Number : 3495E  SDI Group PLC  26 February 2024

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 23 February 2024 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)

 Stephen Brown  Chief Executive Officer   250,000              23 February 2027   250,000

 Ami Sharma     Chief Financial Officer   200,000              23 February 2027   411,056

 

The 1p 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 in
EPS and total shareholder return.

 

FOR FURTHER INFORMATION

 

 SDI Group plc                                  01223 727144

 Ken Ford, Chairman

 Stephen Brown, Chief Executive Officer

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

 Cavendish Capital Markets Limited              020 7220 0500

 Ed Frisby/Seamus Fricker - 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, Fraser Anti-Static
Techniques and Peak Sensors.

Corporate expansion is via organic growth within its subsidiary companies and
through the acquisition of complementary, niche technology businesses with
established reputations in global markets.

 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                                    Issue of Options
 c)  Price(s) and volume(s)                                       Exercise Price  Volume(s)
                                                                  1p              250,000
 d)  Aggregated information:

·         Aggregated volume                                 As in 4c) above

     ·         Price
 e)  Date of the transaction                                      23 February 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

·         Aggregated volume

·         Price

 

As in 4c) above

 

e)

Date of the transaction

23 February 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                                    Issue of Options
 c)  Price(s) and volume(s)                                       Exercise Price  Volume(s)
                                                                  1p              200,000
 d)  Aggregated information:

·         Aggregated volume                                 As in 4c) above

     ·         Price
 e)  Date of the transaction                                      23 February 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

·         Aggregated volume

·         Price

 

As in 4c) above

 

e)

Date of the transaction

23 February 2024

f)

Place of the transaction

Outside a trading venue

 

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