6 Apr 2018 07:00
Judges Scientific plc
("Judges Scientific", "Judges", the "Company" or the "Group")
Exercise of Options and Director dealing
The Company has today issued 30,000 new ordinary shares of 5p each in the Company ("Ordinary Shares") pursuant to the exercise of options at a price of 1,437.5 pence under the Company's Approved and Unapproved Share Option Scheme. The new Ordinary Shares are being issued under the Company's current blocklisting.
The options were exercised by the Group Finance Director, Brad Ormsby. They were granted when he joined the Company in March 2015. Primarily to finance the cost of exercising the options and the resulting income tax and employer's National Insurance liabilities, he has today sold 27,914 Ordinary Shares at £22.90 per Ordinary Share.
As a result of the exercise and sale Brad Ormsby's resulting interest in the Company has increased to 2,498 Ordinary Shares representing 0.04 per cent. of the issued Ordinary share capital. In addition, he holds remaining options over 30,000 Ordinary Shares under the Company's Unapproved Share Option Scheme.
Following the allotment of these shares, the enlarged issued Ordinary share capital will be 6,173,128 Ordinary Shares.
For further information please contact:
Judges Scientific | ||
David Cicurel, CEO Brad Ormsby, Group FD | Tel: +44 (0) 203 829 6970 | |
Shore Capital (Nominated Adviser & Broker) | ||
Stephane Auton Edward Mansfield | Tel: +44 (0) 20 7408 4090 | |
Media enquiries: Alma PR (Financial Public Relations) | ||
Rebecca Sanders-Hewett John Coles Susie Hudson Sam Modlin
| Tel: +44 (0) 20 3865 4219 judges@almapr.co.uk | |
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
| Exercise of options and subsequent sale of shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A (two separate single transactions | ||||||
e)
| Date of the transaction
| 05/04/2018 | ||||||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | ||||||
Judges Scientific (JDG)