REG - SDI Group PLC - Result of Secondary Placing

SDIAnnouncement

14/01/2022 14:45

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RNS Number : 5285Y  SDI Group PLC  14 January 2022

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO
DO SO.

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT
CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR
ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY
SECURITIES IN SDI GROUP PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER
THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR
BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF SDI
GROUP PLC. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS
DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF
MAR. IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT
OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT
CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR.
UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE
TO BE IN POSSESSION OF INSIDE INFORMATION.

 

SDI Group plc

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

Result of Secondary Placing and Director Shareholdings

 

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 that it has been informed by the Selling
Shareholders that, further to the announcement made at 1.30 p.m. on 14 January
2022 (the "ABB Announcement"), they have successfully sold a total of
1,260,000 Placing Shares at a price of 195 pence per Placing Share. The
Placing Shares in aggregate represent approximately 1.23 per cent. of the
Company's issued share capital.

Capitalised terms in this announcement shall have the same meaning ascribed to
them as in the ABB Announcement unless the context requires otherwise.

On completion of the Placing, the Selling Shareholders shall have the
following resultant shareholdings:

 

                                                                                                                                   Resultant holding assuming all Placing Shares sold and following Admission

 Director       Current shareholding  Current number of options held  Number of options exercised  Total number of Placing Shares  Ordinary Shares      %                    Options over Ordinary Shares  %
 Ken Ford       1,000,000             391,052                         215,217                      200,000                         1,015,217            0.99%                175,835                       0.17%
 Mike Creedon   442,452               1,365,147                       652,173                      320,000                         774,625              0.76%                712,974                       0.70%
 Jon Abell      100,000               1,167,603                       521,739                      250,000                         371,739              0.36%                645,864                       0.63%
 David Tilston  90,000                250,000                         250,000                      240,000                         100,000              0.10%                0                             0.00%
 Isabel Napper  65,000                250,000                         250,000                      250,000                         65,000               0.06%                0                             0.00%

 

The notification at the end of this announcement, set out in accordance with
the requirements of the EU Market Abuse Regulation, provides further details
of the transactions.

The Placing was conducted through an accelerated bookbuild by finnCap Ltd
("finnCap") acting as bookrunner. Proceeds of the Placing are payable in cash
on usual settlement terms and the Placing is expected to settle on or around
20 January 2022.

 

Enquiries

SDI Group
plc
01223 320480

Ken Ford, Chairman

Mike Creedon, CEO

Jon Abell, CFO

www.thesdigroup.net (http://www.scientificdigitalimaging.com)

 

finnCap
Ltd
020 7220 0500

Ed Frisby/Kate Bannatyne/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
and Scientific Vacuum Systems.

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. www.thesdigroup.net (http://www.thesdigroup.net)
 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Ken Ford
 2.  Reason for the Notification
 a)  Position/status                                              Chairman
 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                                    Exercise of options; and

                                                                  Sale of Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Exercise of options  1p        215,217
                                                                  Sale                 195p      200,000
 d)  Aggregated information:

·         Aggregated volume                                 As in 4c) above

     ·         Price
 e)  Date of the transaction                                      14 January 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information:

·         Aggregated volume

·         Price

 

As in 4c) above

 

e)

Date of the transaction

14 January 2022

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Mike Creedon
 2.  Reason for the Notification
 a)  Position/status                                              CEO
 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                                    Exercise of options; and

                                                                  Sale of Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Exercise of options  1p        652,173
                                                                  Sale                 195p      320,000
 d)  Aggregated information:

·         Aggregated volume                                 As in 4c) above

     ·         Price
 e)  Date of the transaction                                      14 January 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information:

·         Aggregated volume

·         Price

 

As in 4c) above

 

e)

Date of the transaction

14 January 2022

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Jon Abell
 2.  Reason for the Notification
 a)  Position/status                                              CFO
 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                                    Exercise of options; and

                                                                  Sale of Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Exercise of options  1p        521,739
                                                                  Sale                 195p      250,000
 d)  Aggregated information:

·         Aggregated volume                                 As in 4c) above

     ·         Price
 e)  Date of the transaction                                      14 January 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information:

·         Aggregated volume

·         Price

 

As in 4c) above

 

e)

Date of the transaction

14 January 2022

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         David Tilston
 2.  Reason for the Notification
 a)  Position/status                                              Non-Executive Director
 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                                    Exercise of options; and

                                                                  Sale of Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Exercise of options  33p       250,000
                                                                  Sale                 195p      240,000
 d)  Aggregated information:

·         Aggregated volume                                 As in 4c) above

     ·         Price
 e)  Date of the transaction                                      14 January 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information:

·         Aggregated volume

·         Price

 

As in 4c) above

 

e)

Date of the transaction

14 January 2022

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Isabel Napper
 2.  Reason for the Notification
 a)  Position/status                                              Non-Executive Director
 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                                    Exercise of options; and

                                                                  Sale of Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Exercise of options  24.5p     250,000
                                                                  Sale                 195p      250,000
 d)  Aggregated information:

·         Aggregated volume                                 As in 4c) above

     ·         Price
 e)  Date of the transaction                                      14 January 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information:

·         Aggregated volume

·         Price

 

As in 4c) above

 

e)

Date of the transaction

14 January 2022

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

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