Director/PDMR Shareholding

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

 

END

 

 

DSHEAEDNFSPEEAA