Exercise of Options and Director Dealing

RNS Number : 0782A

Judges Scientific PLC

16 January 2020

 

Judges Scientific plc

("Judges Scientific", "Judges", the "Company" or the "Group")

Exercise of Options and Director dealing

The Company has today issued 20,000 new ordinary shares of 5p each in the Company ("Ordinary Shares") pursuant to the exercise of options at a price of £14.38 under the Company's Unapproved Share Option Scheme. The new Ordinary Shares are being issued under the Company's current blocklisting.

The options were exercised by the Group Finance Director, Brad Ormsby. They were granted when he joined the Company in April 2015.  He has today also sold 19,000 Ordinary Shares at £49.75 per Ordinary Share, partially to finance the cost of exercising the options, the resulting income tax and employer's National Insurance liabilities.  

Following the exercise and sale, Brad Ormsby's holding in the Company has increased by 1,000 Ordinary Shares and therefore his resulting interest in the Company has increased to 3,680 Ordinary Shares representing 0.06 per cent. of the issued Ordinary share capital.  In addition, he holds remaining options of 10,000 Ordinary Shares under the Company's Unapproved Share Option Scheme.

Following the allotment of these shares, the enlarged issued Ordinary share capital will be 6,246,091 Ordinary Shares.

For further information please contact:

Judges Scientific
David Cicurel, CEO Brad Ormsby, Group FD	Tel: [phone]
Shore Capital (Nominated Adviser & Broker)
Stephane Auton Edward Mansfield Sarah Mather	Tel: [phone]
Liberum (Joint Broker) Bidhi Bhoma Euan Brown Media enquiries: Alma PR (Financial Public Relations)	Tel : [phone]
Rebecca Sanders-Hewett Sam Modlin	Tel: [phone] [e-mail]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bradley Ormsby
2	Reason for the notification
a)	Position/status	Group Finance 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	Exercise of options and subsequent sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1437.5p 20,000 4975.0p 19,000
d)	Aggregated information - Aggregated volume - Price	N/A (two separate single transactions
e)	Date of the transaction	16/01/2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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