Result of Secondary Placing

RNS Number : 5285Y

SDI Group PLC

14 January 2022

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN SDI GROUP PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF SDI GROUP PLC. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR. IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

SDI Group plc

("SDI", the "Company" or the "Group")

Result of Secondary Placing and Director Shareholdings

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 that it has been informed by the Selling Shareholders that, further to the announcement made at 1.30 p.m. on 14 January 2022 (the "ABB Announcement"), they have successfully sold a total of 1,260,000 Placing Shares at a price of 195 pence per Placing Share. The Placing Shares in aggregate represent approximately 1.23 per cent. of the Company's issued share capital.

Capitalised terms in this announcement shall have the same meaning ascribed to them as in the ABB Announcement unless the context requires otherwise.

On completion of the Placing, the Selling Shareholders shall have the following resultant shareholdings:

					Resultant holding assuming all Placing Shares sold and following Admission
Director	Current shareholding	Current number of options held	Number of options exercised	Total number of Placing Shares	Ordinary Shares	%	Options over Ordinary Shares	%
Ken Ford	1,000,000	391,052	215,217	200,000	1,015,217	0.99%	175,835	0.17%
Mike Creedon	442,452	1,365,147	652,173	320,000	774,625	0.76%	712,974	0.70%
Jon Abell	100,000	1,167,603	521,739	250,000	371,739	0.36%	645,864	0.63%
David Tilston	90,000	250,000	250,000	240,000	100,000	0.10%	0	0.00%
Isabel Napper	65,000	250,000	250,000	250,000	65,000	0.06%	0	0.00%

The notification at the end of this announcement, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the transactions.

The Placing was conducted through an accelerated bookbuild by finnCap Ltd ("finnCap") acting as bookrunner. Proceeds of the Placing are payable in cash on usual settlement terms and the Placing is expected to settle on or around 20 January 2022.

Enquiries

SDI Group plc   01223 320480

Ken Ford, Chairman

Mike Creedon, CEO

Jon Abell, CFO

www.thesdigroup.net

finnCap Ltd   020 7220 0500

Ed Frisby/Kate Bannatyne/Milesh Hindocha - Corporate Finance

Andrew Burdis/Sunila de Silva - ECM

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, Uniform Engineering and Scientific Vacuum Systems.

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	Exercise of options; and Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise of options 1p 215,217 Sale 195p 200,000
d)	Aggregated information: · Aggregated volume · Price	As in 4c) above
e)	Date of the transaction	14 January 2022
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Creedon
2.	Reason for the Notification
a)	Position/status	CEO
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	Exercise of options; and Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise of options 1p 652,173 Sale 195p 320,000
d)	Aggregated information: · Aggregated volume · Price	As in 4c) above
e)	Date of the transaction	14 January 2022
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jon Abell
2.	Reason for the Notification
a)	Position/status	CFO
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	Exercise of options; and Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise of options 1p 521,739 Sale 195p 250,000
d)	Aggregated information: · Aggregated volume · Price	As in 4c) above
e)	Date of the transaction	14 January 2022
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Tilston
2.	Reason for the Notification
a)	Position/status	Non-Executive Director
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	Exercise of options; and Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise of options 33p 250,000 Sale 195p 240,000
d)	Aggregated information: · Aggregated volume · Price	As in 4c) above
e)	Date of the transaction	14 January 2022
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Isabel Napper
2.	Reason for the Notification
a)	Position/status	Non-Executive Director
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	Exercise of options; and Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise of options 24.5p 250,000 Sale 195p 250,000
d)	Aggregated information: · Aggregated volume · Price	As in 4c) above
e)	Date of the transaction	14 January 2022
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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