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SDI Group PLC (SDI)

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Friday 20 March, 2020

SDI Group PLC

Director/PDMR Shareholding

RNS Number : 8941G
SDI Group PLC
20 March 2020
 

 

SDI Group plc

 

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

 

Director/PDMR Shareholding

 

SDI Group 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, announces details of awards on 19 March 2020 under the SDI Group plc Long Term Incentive Plan 2018 ("LTIP") (the "Grant").

 

The LTIP was 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 Grants have been made:

 

 

Name

Role

LTIP Award (number of shares)

Vesting Date

Total options following the Grant (number of shares)

Ken Ford

Chairman

135,455

20 March 2023

850,672

Mike Creedon

Chief Executive Officer

210,682

20 March 2023

1,952,327

Jon Abell

Chief Financial Officer

112,364

20 March 2023

1,134,103

 

 

The nil paid awards are subject to a 3-year 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

SDI Group 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 - ECM

 

JW Communications        07818 430 877

Julia Wilson - Investor & Public Relations

About SDI Group 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, precision optics and art conservation. SDI operates through its company divisions: Atik Cameras, Synoptics, Graticules Optics, Sentek, Astles Control Systems, Applied Thermal Control, MPB Industries and Chell Instruments.

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

The notification below, made in accordance with requirements of the EU Market Abuse Regulation, provides further details.

 

 

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

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

SDI Group 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

Options over ordinary Shares of 1 pence each ("Ordinary Shares")

Identification code

GB00B3FBWW43

b)

Nature of the transaction

Issue of Options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

135,455

 

d)

Aggregated information:

· Aggregated volume

· Price

 

As per 4c) above

e)

Date of the transaction

19 March 2020

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

SDI Group 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

Options over ordinary Shares of 1 pence each ("Ordinary Shares")

Identification code

GB00B3FBWW43

b)

Nature of the transaction

Issue of Options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

210,682

 

d)

Aggregated information:

· Aggregated volume

· Price

 

As per 4c) above

e)

Date of the transaction

19 March 2020

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

SDI Group 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

Options over ordinary Shares of 1 pence each ("Ordinary Shares")

Identification code

GB00B3FBWW43

b)

Nature of the transaction

Issue of Options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

112,364

 

d)

Aggregated information:

· Aggregated volume

· Price

 

As per 4c) above

e)

Date of the transaction

19 March 2020

f)

Place of the transaction

Outside of a trading venue

 


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