Treasury shares issued & PDMR dealing

Science Group PLC

28 July 2023

 

28 July 2023

Science Group plc

(the "Company" or "Science Group")

Treasury shares issued & PDMR dealing

Science Group plc (AIM:SAG) announces that on 26 July 2023 the Company issued 972,334 shares at an average price of 1 pence per share in settlement of the exercise of share options, of which 942,333 shares were issued from treasury and 30,001 were issued from the Frontier Smart Technologies Employee Benefit Trust.

Of the share options exercised, approximately 70% relate to awards granted to 6 employees in May 2018 under the Enhanced Executive Incentive (EEI) Addendum to the Company's Performance Share Plan.  These EEI options vested after five years from the date of issue and were conditional upon certain shareholder-aligned performance targets being achieved.  These targets were satisfied and Science Group shareholders have experienced a significant increase in value over this period, in comparison to the FTSE AIM All Share Index which has produced a negative return over the same period.

As part of this transaction:

·    Dan Edwards, Director, acquired 333,333 ordinary shares in the Company at a price of 1 pence per share.  On the same day, Dan Edwards subsequently disposed of 292,333 ordinary shares in the Company at a price of 400 pence per share.

·    Sarah Cole, PDMR, acquired 116,667 ordinary shares in the Company at a price of 1 pence per share.  On the same day, Sarah Cole subsequently disposed of 114,167 ordinary shares in the Company at a price of 400 pence per share.

Following this transaction, Dan Edwards is now interested in 150,000 ordinary shares in the Company which represents 0.33% of the total voting rights in the Company.  All other Directors' beneficial interests in the share capital of the Company remain unchanged and as previously announced.

The total number of ordinary shares in issue (excluding treasury shares) following this announcement is 46,131,864.  Science Group holds 54,010 shares in treasury and a further 4,799 shares are held by the Frontier Smart Technologies Employee Benefit Trust.  The total number of voting rights in the Company following this announcement is therefore 46,127,065.

The figure of 46,127,065 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure and Transparency Rules.

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: Daniel Edwards
2.	Reason for the notification
a)	Position/status: Group Managing Director
b)	Initial notification/Amendment:  Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name: Science Group plc
b)	LEI: 2138009OJQT79BDB3E93
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: GB00B39GTJ17
b)	Nature of the transaction: Acquisition of shares following exercise of share options
c)	Price(s) and volume(s): Price(s) Volume(s) 1p 333,333
d)	Aggregated information: ·      Aggregated volume: 333,333 ·      Price: £3,333.33
e)	Date of the transaction:  2023-07-27
f)	Place of the transaction: AIMX

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Daniel Edwards
2.	Reason for the notification
a)	Position/status: Group Managing Director
b)	Initial notification/Amendment:  Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name: Science Group plc
b)	LEI: 2138009OJQT79BDB3E93
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: GB00B39GTJ17
b)	Nature of the transaction: Disposal of shares
c)	Price(s) and volume(s): Price(s) Volume(s) 400p 292,333
d)	Aggregated information: ·      Aggregated volume: 292,333 ·      Price: £1,169,332
e)	Date of the transaction:  2023-07-27
f)	Place of the transaction: AIMX

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Sarah Cole
2.	Reason for the notification
a)	Position/status: Group Legal Counsel & Company Secretary
b)	Initial notification/Amendment:  Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name: Science Group plc
b)	LEI: 2138009OJQT79BDB3E93
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: GB00B39GTJ17
b)	Nature of the transaction: Acquisition of shares following exercise of share options
c)	Price(s) and volume(s): Price(s) Volume(s) 1p 116,667
d)	Aggregated information: ·      Aggregated volume: 116,667 ·      Price: £1,166.67
e)	Date of the transaction:  2023-07-27
f)	Place of the transaction: AIMX

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Sarah Cole
2.	Reason for the notification
a)	Position/status: Group Legal Counsel & Company Secretary
b)	Initial notification/Amendment:  Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name: Science Group plc
b)	LEI: 2138009OJQT79BDB3E93
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: GB00B39GTJ17
b)	Nature of the transaction: Disposal of shares
c)	Price(s) and volume(s): Price(s) Volume(s) 400p 114,167
d)	Aggregated information: ·      Aggregated volume: 114,167 ·      Price: £456,668
e)	Date of the transaction:  2023-07-27
f)	Place of the transaction: AIMX

- Ends -

For further information: Science Group plc Sarah Cole, Company Secretary Tel: [phone] www.sciencegroup.com   Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) Nick Adams, Alex Price, Richard Short Tel: [phone] Liberum Capital Limited (Joint Broker) Max Jones, Miquela Bezuidenhoudt Tel: [phone]

 

END