Director/PDMR Shareholding

RNS Number : 3863H

Judges Scientific PLC

26 May 2011

 

26 May 2011

Judges Scientific plc

("Judges Scientific" or the "Company")

Issue of Equity

Earlier today "Flexible Pension - DE Cicurel" (a SIPP for the benefit of the Company's Chief Executive Officer) gave the requisite 30 days' notice to convert its entire holding of 727,026 Convertible Redeemable shares into new Ordinary Shares.  This will result in the issue of 82,885 new Ordinary Shares at 95p per share.  The amount paid to the Company on serving of the notice was £76,923, net of the amount paid-up on the shares so converted.  Application will be made for the new Ordinary Shares to be admitted to AIM and dealings are expected to commence on 27 June 2011.

Following the issue of the new Ordinary Shares at the end of the notice period, the issued Ordinary share capital of the Company will increase to 4,263,127, assuming there are no other share issues in the intervening period.  The number of Convertible Redeemable Shares in issue following the conversion will fall from 5,000,000 to 4,272,974.  David Cicurel's interest in the Ordinary share capital of the Company (including shares held by the SIPP) will become 538,841 representing 12.64% of the issued share capital of that class and his interest in the Convertible Redeemable share capital will fall from 4,166,667 to 3,439,641, representing 80.5% of the issued share capital of that class.

Enquiries:

David Cicurel, CEO, Judges Scientific:                                      Tel: [phone]

Pascal Keane, Shore Capital:                                                     Tel: [phone]

Melvyn Marckus, Cardew Group:                                             Tel: [phone]

Website:

Judges Scientific:                                   www.judges.uk.com                     

 

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