REG - SDI Group PLC - Director/PDMR Shareholding

SDIAnnouncement

20/03/2020 08:12

RNS Number : 8941G
  
SDI Group PLC
  
20 March 2020
  
 

 
SDI Group plc
 
("SDI", "SDI Group", "the Company", or "the Group")
 
Director/PDMR Shareholding
 
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 19 March 2020 under the SDI Group plc Long Term Incentive Plan 2018 ("LTIP") (the "Grant").
 
The LTIP was established to incentivise management to increase shareholder value over the long term. The Remuneration Committee is keen to ensure that remuneration for the Company's senior team will be effective and fair and motivate them to deliver success for the Company, its shareholders and employees. 
 
Pursuant to the LTIP, the following Grants have been made:
 
 




Name


Role


LTIP Award (number of shares)


Vesting Date


Total options following the Grant (number of shares)




Ken Ford


Chairman


135,455


20 March 2023


850,672




Mike Creedon


Chief Executive Officer


210,682


20 March 2023


1,952,327




Jon Abell


Chief Financial Officer


112,364


20 March 2023


1,134,103




 
 
The nil paid awards are subject to a 3-year 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.
 
 
 
 
Enquiries
SDI Group plc                                                                          01223 320480
Ken Ford, Chairman
Mike Creedon, CEO 
Jon Abell, CFO
www.scientificdigitalimaging.com
 
finnCap Ltd                                                                              020 7220 0500
Ed Frisby/Kate Bannatyne - Corporate Finance
Andrew Burdis/Sunila de Silva - ECM
 
JW Communications                                                               07818 430 877
Julia Wilson - Investor & Public Relations
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 and Chell Instruments.
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.
The notification below, made in accordance with requirements of the EU Market Abuse Regulation, provides further details.
 
 
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
 




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


Options over ordinary Shares of 1 pence each ("Ordinary Shares")




Identification code


GB00B3FBWW43




b)


Nature of the transaction


Issue of Options over Ordinary Shares 




c)


Price(s) and volume(s)






Price(s)


Volume(s)




nil


135,455




 




d)


Aggregated information:
·      Aggregated volume
·      Price


 
As per 4c) above 




e)


Date of the transaction


19 March 2020




f)


Place of the transaction


Outside of a trading venue 




 




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


Options over ordinary Shares of 1 pence each ("Ordinary Shares")




Identification code


GB00B3FBWW43




b)


Nature of the transaction


Issue of Options over Ordinary Shares 




c)


Price(s) and volume(s)






Price(s)


Volume(s)




nil


210,682




 




d)


Aggregated information:
·      Aggregated volume
·      Price


 
As per 4c) above 




e)


Date of the transaction


19 March 2020




f)


Place of the transaction


Outside of a trading venue 




 




1.     


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Jon Abell




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


Options over ordinary Shares of 1 pence each ("Ordinary Shares")




Identification code


GB00B3FBWW43




b)


Nature of the transaction


Issue of Options over Ordinary Shares 




c)


Price(s) and volume(s)






Price(s)


Volume(s)




nil


112,364




 




d)


Aggregated information:
·      Aggregated volume
·      Price


 
As per 4c) above 




e)


Date of the transaction


19 March 2020




f)


Place of the transaction


Outside of a trading venue 




 


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