Grant of Options

Judges Scientific PLC

24 January 2024

 

Judges Scientific plc

("Judges Scientific" or the "Company")

Grant of Options

Judges Scientific announces that it has issued options over 13,200 new ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an exercise price per share of £95.00, being the closing mid price on 23 January 2024.

13,200 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
David Cicurel	4,400	Unapproved	23/01/2027	22/01/2034
Brad Ormsby	4,400	Unapproved	23/01/2027	22/01/2034
Mark Lavelle	4,400	Unapproved	23/01/2027	22/01/2034

-     Ends -  

-      For further information please contact:
Judges Scientific plc David Cicurel, CEO Brad Ormsby, CFO Tel: [phone]	Shore Capital (Nominated Adviser & Joint Broker) Stephane Auton Iain Sexton Tel: [phone]
Liberum (Joint Broker) Edward Mansfield Nikhil Varghese Tel : [phone]	Investec Bank plc (Joint Broker) Virginia Bull Carlton Nelson Tel: [phone]
Alma (Financial Public Relations) Sam Modlin Rebecca Sanders-Hewett Joe Pederzolli 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 22 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) 9500.0p 4,400
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	23/01/24
f)	Place of the transaction	Off market

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	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) 9500.0p 4,400
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	23/01/24
f)	Place of the transaction	Off market

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) 9500.0p 4,400
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	23/01/24
f)	Place of the transaction	Off market

 

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