Last checked at 8 Jan 2021 09:31
Press Release |
Judges Scientific plc
("Judges Scientific")
Grant of Options
Judges Scientific announces that it has issued options over 60,000 new ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an exercise price of £65.80, being the closing share price on 7 January 2021.
20,000 options have been awarded by the Remuneration Committee to each of the Executive Directors to retain and incentivise them. Vesting of the options after three years is subject to the achievement of an adjusted earnings per share target for 2021, with 10% compound growth in adjusted earnings per share over the target in 2022 and 2023 respectively, and to continued employment.
Director | Number of options | Option Scheme | Vesting date | Expiry date |
David Cicurel | 20,000 | Unapproved | 08/01/2024 | 07/01/2031 |
Brad Ormsby | 20,000 | Unapproved | 08/01/2024 | 07/01/2031 |
Mark Lavelle | 20,000 | Unapproved | 08/01/2024 | 07/01/2031 |
Ends -
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1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| David Cicurel | |||||||||||||||||
2
| Reason for the notification
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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
| Judges Scientific plc | |||||||||||||||||
b)
| LEI
| 2138004EXWWPTW1JOL31 | |||||||||||||||||
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
Identification code
| Ordinary shares in Judges Scientific plc
GB0032398678
| |||||||||||||||||
b)
| Nature of the transaction
| Grant of Options | |||||||||||||||||
c)
| Price(s) and volume(s)
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d)
| Aggregated information
- Aggregated volume
- Price
| N/A | |||||||||||||||||
e)
| Date of the transaction
| 08/01/2021 | |||||||||||||||||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||||||||||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Bradley Ormsby | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group Finance Director | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Judges Scientific plc | ||||
b)
| LEI
| 2138004EXWWPTW1JOL31 | ||||
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
Identification code
| Ordinary shares in Judges Scientific plc
GB0032398678
| ||||
b)
| Nature of the transaction
| Grant of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||
e)
| Date of the transaction
| 08/01/2021 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mark Lavelle | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Operating Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Judges Scientific plc | ||||
b)
| LEI
| 2138004EXWWPTW1JOL31 | ||||
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
Identification code
| Ordinary shares in Judges Scientific plc
GB0032398678
| ||||
b)
| Nature of the transaction
| Grant of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||
e)
| Date of the transaction
| 08/01/2021 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | ||||
Notes to editors:
Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector . The Group now consists of 19 businesses acquired since it was re-admitted to AIM in 2005.
The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, the scientific communities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group companies hold five Queen's Awards for innovation and export.
The Group's companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.
Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash. Shareholder returns are created through the repayment of debt, organic growth and dividends.
For further information, please visit www.judges.uk.com