Science Group Share Price (SAG)

Onwards and upwards yet again.
No mention of TP group though.
"The Group has had a good start to the year, with performance through April slightly ahead of the Board's expectations. It is therefore anticipated that the Group will report adjusted operating profit ("AOP") for the first half of 2022 around 20% higher than in the same period of the prior year. The Board is closely monitoring the impact of materials, energy and wage inflation but is benefitting from a broadly offsetting effect due to the strengthening of the US Dollar relative to Sterling.
Gross cash at 30 April 2022 was £38.4 million with net funds of £23.4 million. The Group's strong balance sheet, enhanced by the undrawn facility of £25 million arranged in December 2021, enables the Board to continue to evaluate corporate opportunities to increase the scale and/or development of the Group"

Bobbyaxelrod,
I think you are correct, it is my understanding too.
The shares are bought back and held in treasury until such time as the shares are issued to an employee under the performance share plan.
For example, On the 22nd of March 2021, Sameet Vohra was issued with 50,000 shares at an exercise price of 1p per share!
£500 for (at today's price) £200,000 worth of shares!
They are performance related, so in theory it should be good for us too if targets are hit.
"Each of these Options will vest after three years from the date of issue and are exercisable at the nominal value of the share of 1 pence per share for a period of seven years from vesting, provided that certain performance conditions have been satisfied. The Options may vest subject to the achievement of Earnings per Share growth targets in each of the three financial years 2021-2023."

Can anyone explain the pace of "transaction in own shares" recently?

Am I right in saying that these are not buybacks (i.e. the shares are not being cancelled)? Are they for employee benefit/bonuses?

We certainly live in interesting times! A premium on the placing and all the shares snapped up - including 2 million from the Chairman.

I guess that with this warchest we intend to top up the holding in TP to 29.9% and then go into full battle. Definitely interesting times.

Yes that's prob a good call. Noticed a sudden drop from 450/470 to 420/450 this arvo with no trades shown at that time so maybe a big delayed sell yet to be announced? Can buy now at 434p.... Maybe a large investor got wind of a fund raise or summat...