Long Term Incentive Plan Awards

RNS Number : 2017L

Scientific Digital Imaging Plc

21 December 2018

 

Scientific Digital Imaging plc

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

(AIM: SDI)

Long Term Incentive Plan ("LTIP") Awards

Scientific Digital Imaging 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, including life sciences, healthcare, astronomy, manufacturing and art conservation, announces details of awards on 21 December 2018 under the Scientific Digital Imaging plc Long Term Incentive Plan 2018 ("LTIP") (the "Grant").

The LTIP has been established to incentivise management to increase shareholder value over the long term. The Remuneration Committee is keen to ensure that remuneration for the Company's senior team will be effective and fair and motivate them to deliver success for the Company, its shareholders and employees. 

Pursuant to the LTIP, the following awards have been made:

Name	Role	LTIP Award (number of shares)	Vesting Date	Total options following the Grant (number of shares)
Ken Ford	Chairman	215,217	21 December 2021	715,217
Mike Creedon	Chief Executive Officer	652,173	21 December 2021	1,872,173
Jon Abell	Chief Financial Officer	521,739	21 December 2021	1,021,739

The nil paid awards are subject to a 3 year performance period (the "Performance Period") followed by a holding period to be determined by the Remuneration Committee. The awards are further subject to claw back and malus provisions. The performance condition for the awards is linked to the Company's growth measured in EPS and total shareholder return.

Enquiries:

Scientific Digital Imaging plc                                                         01223 320480

Ken Ford, Chairman Mike Creedon, CEO Jon Abell, CFO

www.scientificdigitalimaging.com

finnCap Ltd                                                                                    020 7220 0500

Ed Frisby/Kate Bannatyne - Corporate Finance Andrew Burdis/Sunila de Silva - Corporate Broking

JW Communications                                                                      07818 430877

Julia Wilson - Investor & Public Relations

About SDI:

Scientific Digital Imaging 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 and art conservation. SDI operates through its company divisions: Applied Thermal Control, Astles, Atik Cameras, Sentek and Synoptics, as well as the recently acquired, Fistreem.

SDI continues to grow by developing its own technology advancements and by improving its global distribution footprint, as well as through pursuing strategic, complementary acquisitions.

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	Scientific Digital Imaging 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 1 pence each
	Identification code	GB00B3FBWW43
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 215,217
d)	Aggregated information: ·      Aggregated volume ·      Price	See 4c) above
e)	Date of the transaction	21 December 2018
f)	Place of the transaction	Outside of a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Creedon
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	Scientific Digital Imaging 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 1 pence each
	Identification code	GB00B3FBWW43
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 652,173
d)	Aggregated information: ·      Aggregated volume ·      Price	See 4c) above
e)	Date of the transaction	21 December 2018
f)	Place of the transaction	Outside of a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jon Abell
2.	Reason for the Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Scientific Digital Imaging 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 1 pence each
	Identification code	GB00B3FBWW43
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 521,739
d)	Aggregated information: ·      Aggregated volume ·      Price	See 4c) above
e)	Date of the transaction	21 December 2018
f)	Place of the transaction	Outside of a trading venue

 

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