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Pin to quick picksJudges Scientific Regulatory News (JDG)

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New option schemes, Director/PDMR Shareholding

21 Oct 2015 12:00

RNS Number : 9706C
Judges Scientific PLC
21 October 2015
 

Judges Scientific plc

("Judges" or the "Group")

New share option schemes, grant of options and Director/PDMR shareholding

 

Judges Scientific Plc, the parent company of a group specialising in the design, manufacture and sale of scientific instruments, announces that the Board has today approved two new share option plans, one approved and one unapproved to replace the two existing schemes that recently lapsed (collectively "the Option Schemes"). Under the Option Schemes the Board may grant options over ordinary shares of 5p in the Group ("Ordinary Shares") to senior management and employees as means to retain and incentivise staff. 60,216 options have today been granted, with an exercise price of 1402.5p, to certain senior management of the Group

In addition, options over 12,500 Ordinary Shares in total have been awarded under the unapproved share option plan to David Cicurel, Chief Executive Officer and David Barnbrook, Chief Operating Officer. The options have been awarded as follows:

 

Director

Number of options

Exercise price (p)

Vesting date

Expiry date

David Cicurel

7,500

1402.5

21 October 2018

21 October 2025

David Barnbrook

5,000

1402.5

21 October 2018

21 October 2025

 

The exercise price was set based on the closing mid-market price of the Ordinary Shares as derived from the LSE for Tuesday, 20 October 2015. The options vest subject to continued employment within the Group.

Following these transactions, David Cicurel retains 916,652 Ordinary Shares in the Group, representing 15.10% of Judge's issued share capital and total voting rights. In addition, David Cicurel holds 9,275 options over Ordinary Shares. David Barnbrook retains 21,953 Ordinary Shares in the Group, representing 0.36% of Judges's issued share capital and total voting rights. In addition, David Barnbrook holds 28,325 options over Ordinary Shares.

 

For further information please contact:

 

Judges Scientific Plc

David Cicurel, CEO

Brad Ormsby, Group FD

Tel: 020 3829 6970

 

Shore Capital (Nominated Adviser & Broker)

Pascal Keane

Edward Mansfield

Tel: 020 7408 4090

 

Cardew Group (Financial Public Relations)

Nadja Vetter 

Tel: 020 7930 0777 or 07941 340 836

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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