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SDI Group PLC (SDI)

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Friday 14 January, 2022

SDI Group PLC

Result of Secondary Placing

RNS Number : 5285Y
SDI Group PLC
14 January 2022
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN SDI GROUP PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF SDI GROUP PLC. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR. IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

 

SDI Group plc

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

Result of Secondary Placing and Director Shareholdings

 

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 that it has been informed by the Selling Shareholders that, further to the announcement made at 1.30 p.m. on 14 January 2022 (the "ABB Announcement"), they have successfully sold a total of 1,260,000 Placing Shares at a price of 195 pence per Placing Share. The Placing Shares in aggregate represent approximately 1.23 per cent. of the Company's issued share capital.

Capitalised terms in this announcement shall have the same meaning ascribed to them as in the ABB Announcement unless the context requires otherwise.

On completion of the Placing, the Selling Shareholders shall have the following resultant shareholdings:

 

 

 

 

 

 

Resultant holding assuming all Placing Shares sold and following Admission

Director

Current shareholding

Current number of options held

Number of options exercised

Total number of Placing Shares

Ordinary Shares

%

Options over Ordinary Shares

%

Ken Ford

1,000,000

391,052

215,217

200,000

1,015,217

0.99%

175,835

0.17%

Mike Creedon

442,452

1,365,147

652,173

320,000

774,625

0.76%

712,974

0.70%

Jon Abell

100,000

1,167,603

521,739

250,000

371,739

0.36%

645,864

0.63%

David Tilston

90,000

250,000

250,000

240,000

100,000

0.10%

0

0.00%

Isabel Napper

65,000

250,000

250,000

250,000

65,000

0.06%

0

0.00%

 

The notification at the end of this announcement, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the transactions.

The Placing was conducted through an accelerated bookbuild by finnCap Ltd ("finnCap") acting as bookrunner. Proceeds of the Placing are payable in cash on usual settlement terms and the Placing is expected to settle on or around 20 January 2022.

 

Enquiries

SDI Group plc   01223 320480

Ken Ford, Chairman

Mike Creedon, CEO

Jon Abell, CFO

www.thesdigroup.net

 

finnCap Ltd   020 7220 0500

Ed Frisby/Kate Bannatyne/Milesh Hindocha - Corporate Finance

Andrew Burdis/Sunila de Silva - ECM

 

 

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, Chell Instruments, Monmouth Scientific, Uniform Engineering and Scientific Vacuum Systems.

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. www.thesdigroup.net  

 

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

Ordinary Shares of 1p each 

Identification code

GB00B3FBWW43

b)

Nature of the transaction

Exercise of options; and

Sale of Ordinary Shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Exercise of options

1p

215,217

Sale

195p

200,000

d)

Aggregated information:

· Aggregated volume

· Price

 

As in 4c) above

 

e)

Date of the transaction

14 January 2022

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mike Creedon

2.

Reason for the Notification

a)

Position/status

CEO

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

Ordinary Shares of 1p each 

Identification code

GB00B3FBWW43

b)

Nature of the transaction

Exercise of options; and

Sale of Ordinary Shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Exercise of options

1p

652,173

Sale

195p

320,000

d)

Aggregated information:

· Aggregated volume

· Price

 

As in 4c) above

 

e)

Date of the transaction

14 January 2022

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jon Abell

2.

Reason for the Notification

a)

Position/status

CFO

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

Ordinary Shares of 1p each 

Identification code

GB00B3FBWW43

b)

Nature of the transaction

Exercise of options; and

Sale of Ordinary Shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Exercise of options

1p

521,739

Sale

195p

250,000

d)

Aggregated information:

· Aggregated volume

· Price

 

As in 4c) above

 

e)

Date of the transaction

14 January 2022

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Tilston

2.

Reason for the Notification

a)

Position/status

Non-Executive Director

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

Ordinary Shares of 1p each 

Identification code

GB00B3FBWW43

b)

Nature of the transaction

Exercise of options; and

Sale of Ordinary Shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Exercise of options

33p

250,000

Sale

195p

240,000

d)

Aggregated information:

· Aggregated volume

· Price

 

As in 4c) above

 

e)

Date of the transaction

14 January 2022

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Isabel Napper

2.

Reason for the Notification

a)

Position/status

Non-Executive Director

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

Ordinary Shares of 1p each 

Identification code

GB00B3FBWW43

b)

Nature of the transaction

Exercise of options; and

Sale of Ordinary Shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Exercise of options

24.5p

250,000

Sale

195p

250,000

d)

Aggregated information:

· Aggregated volume

· Price

 

As in 4c) above

 

e)

Date of the transaction

14 January 2022

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

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