Grant of Options

RNS Number : 0167E

Judges Scientific PLC

03 November 2020

 

Press Release

Judges Scientific plc

("Judges Scientific")

Grant of Options

Judges Scientific announces that it has issued options over 3,000 new ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an exercise price of £52.00. As disclosed in the 2019 Annual Report and Accounts, 1,000 options were awarded by the Remuneration Committee to each of the Executive Directors, with performance conditions of 6% compound growth in Earnings per Share, to be granted at the earliest opportunity following the issue of the 2019 financial statements.

Director	Number of options	Option Scheme	Vesting date	Expiry date
David Cicurel	1 ,000	Unapproved	03/11/2023	02 /11/2030
Brad Ormsby	576	Approved	03/11/2023	02 /11/2030
Brad Ormsby	4 24	Unapproved	03/11/2023	02 /11/2030
Mark Lavelle	1,000	Unapproved	03/11/2023	02 /11/2030

  Ends -  

	Judges Scientific David Cicurel, CEO Brad Ormsby, Group FD    Tel: [phone] Shore Capital (Nominated Adviser & Joint Broker) Stephane Auton Edward Mansfield Sarah Mather Tel: [phone] Liberum (Joint Broker) Bidhi Bhoma Euan Brown Alma (Financial Public Relations) Rebecca Sanders-Hewett Sam Modlin Tel: [phone]  Tel: [phone]
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) 5,200.0p 1,000
d)		Aggregated information - Aggregated volume - Price	N/A
e)		Date of the transaction	02/11/2020
f)		Place of the transaction	London Stock Exchange, AIM Market (XLON)

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	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 5,200.0p 1,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	02/11/2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

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) 5,200.0p 1,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	02/11/2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Notes to editors:  

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies  in the scientific instrument sector .  The Group now consists of 19 businesses acquired since it was re-admitted to AIM in 2005.

The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, the scientific communities, manufacturers and regulatory authorities.  The UK is a recognised centre of excellence for scientific instruments.  The Group companies hold 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 repayment of debt, organic growth and dividends.

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

 

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