Last checked at 20 Mar 2020 07:00
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) |
| ||||
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) |
| ||||
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) |
| ||||
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 | ||||