Grant of Options

Judges Scientific PLC

23 January 2025

 

23 January 2025

Judges Scientific plc

("Judges Scientific" or the "Company")

Grant of Options

Judges Scientific announces that it has issued options over 76,500 new ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an exercise price per share of £76.90, being the closing mid-price on 22 January 2025.

76,500 options have been awarded in total by the Remuneration Committee to certain of the Directors, as shown in the table below, to retain and incentivise them. Vesting of the options after three years is subject to the achievement of 5% compound growth in adjusted earnings per share over the vesting period, and to continued employment.

Director	Number of options	Option Scheme	Vesting date	Expiry date
Tim Prestidge	60,000	Unapproved	23/01/2028	22/01/2035
David Cicurel	5,500	Unapproved	23/01/2028	22/01/2035
Brad Ormsby	5,500	Unapproved	23/01/2028	22/01/2035
Mark Lavelle	5,500	Unapproved	23/01/2028	22/01/2035

The Remuneration Committee seeks through its award of share options to motivate, retain and incentivise executives of the calibre that will grow shareholder value successfully.  The share option awards align the interests of executives and shareholders.  Tim Prestidge, Group Business Development Director, has been issued additional options as his original share options from the time of his appointment, which were granted on 31 March 2023, were issued with a 10% compound growth rate, prior to the enactment of the increase in UK corporation tax from 19% to 25%. In this context, the Remuneration Committee consider such compound performance target to be overly ambitious for the vesting period. 

Further it is noted that the Company erroneously omitted disclosing the issue of share options to Ian Wilcock, Group Commercial Director, when he joined the Company. The award of options, which was made on 19 September 2024, is summarised below.

Director	Number of options	Exercise price	Option Scheme	Vesting date	Expiry date
Ian Wilcock	305	£98.30	Approved	19/09/2027	19/09/2034
Ian Wilcock	29,695	£98.30	Unapproved	19/09/2027	19/09/2034

For further information please contact:
Judges Scientific plc David Cicurel, CEO Brad Ormsby, CFO Tel: [phone]	Shore Capital (Nominated Adviser & Joint Broker) Stephane Auton Harry Davies-Ball Tel: [phone]
Liberum (Joint Broker) Edward Mansfield Nikhil Varghese Joshua Borlant Tel : [phone]	Investec Bank plc (Joint Broker) Virginia Bull Carlton Nelson Tel: [phone]
Alma (Financial Public Relations) Sam Modlin Rebecca Sanders-Hewett Joe Pederzolli Sarah Peters Tel: [phone] [e-mail]

Notes to editors:

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector. The Group consists of 25 businesses acquired since 2005.

The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, scientific research facilities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen's Awards for innovation and export.

The Group's companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash. Shareholder returns are created through the reduction of debt, organic growth and dividends.

For further information, please visit www.judges.uk.com

Judges Scientific plc

Director/PDMR Shareholding

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Cicurel
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	Judges Scientific plc
b)	LEI	2138004EXWWPTW1JOL31
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 Identification code	Ordinary shares in Judges Scientific plc GB0032398678
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 7690p 5,500
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	23/01/2025
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Judges Scientific plc

Director/PDMR Shareholding

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bradley Ormsby
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	Judges Scientific plc
b)	LEI	2138004EXWWPTW1JOL31
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 Identification code	Ordinary shares in Judges Scientific plc GB0032398678
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 7690p 5,500
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	23/01/2025
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Judges Scientific plc

Director/PDMR Shareholding

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Lavelle
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Judges Scientific plc
b)	LEI	2138004EXWWPTW1JOL31
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 Identification code	Ordinary shares in Judges Scientific plc GB0032398678
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 7690p 5,500
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	23/01/2025
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Judges Scientific plc

Director/PDMR Shareholding

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tim Prestidge
2	Reason for the notification
a)	Position/status	Group Business Development Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Judges Scientific plc
b)	LEI	2138004EXWWPTW1JOL31
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 Identification code	Ordinary shares in Judges Scientific plc GB0032398678
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 7690p 60,000
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	23/01/2025
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Judges Scientific plc

Director/PDMR Shareholding

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Wilcock
2	Reason for the notification
a)	Position/status	Group Commercial Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Judges Scientific plc
b)	LEI	2138004EXWWPTW1JOL31
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 Identification code	Ordinary shares in Judges Scientific plc GB0032398678
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 9830p 30,000
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	19/09/2024
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

END