Long Term Incentive Plan Awards

RNS Number : 7705N

SDI Group PLC

01 October 2021

 

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 control applications, announces details of awards on 1 October 2021 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 (number of shares)	Vesting Date	Total options following the Grant (number of shares)
Ken Ford	Chairman	40,380	01 October 2024	391,052
Mike Creedon	Chief Executive Officer	62,820	01 October 2024	1,365,147
Jon Abell	Chief Financial Officer	33,500	01 October 2024	1,167,603

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 Ken Ford, Chairman Mike Creedon, Chief Executive Officer Jon Abell, Chief Financial Officer	01223 727144
finnCap Ltd Ed Frisby/Kate Bannatyne/Milesh Hindocha - Corporate Finance Andrew Burdis/Sunila de Silva - ECM	020 7220 0500
JW Communications Julia Wilson - Investor & Public Relations	07818 430 877

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 and Uniform Engineering.

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  

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	Issue of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 40,380
d)	Aggregated information: · Aggregated volume · Price	As in 4c) above
e)	Date of the transaction	01 October 2021
f)	Place of the transaction	Outside 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	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 62,820
d)	Aggregated information: · Aggregated volume · Price	As in 4c) above
e)	Date of the transaction	01 October 2021
f)	Place of the transaction	Outside 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	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 33,500
d)	Aggregated information: · Aggregated volume · Price	As in 4c) above
e)	Date of the transaction	01 October 2021
f)	Place of the transaction	Outside a trading venue

 

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