31 Mar 2023 08:54
Press Release |
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Judges Scientific plc
("Judges Scientific" or the "Company")
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 £85.60, being the closing mid price on 30th March 2023.
Following his appointment on 1 February 2023, 60,000 options have been awarded in total by the Remuneration Committee to Dr Tim Prestidge to retain and incentivise him. Vesting of the options after 3 years is subject to the achievement of 10% compound growth in adjusted earnings per share over the vesting period, and to continued employment.
Director | Number of options | Option Scheme | Vesting date | Expiry date |
Dr Tim Prestidge | 60,000 | Approved/Unapproved | 30/03/2026 | 30/03/2033 |
- Ends -
For further information please contact:
Judges Scientific |
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David Cicurel, CEO Brad Ormsby, Group FD | Tel: +44 (0) 20 3829 6970 | ||
Shore Capital (Nominated Adviser & Broker) | |||
Stephane Auton Iain Sexton | Tel: +44 (0) 20 7408 4090 | ||
Liberum (Joint Broker) Edward Mansfield William Hall
Media enquiries: Alma PR (Financial Public Relations) |
Tel : +44 (0) 20 3100 2222
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Sam Modlin Justine James Joe Pederzolli
| Tel: +44 (0) 20 3405 0205 judges@almapr.co.uk | ||
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 20 businesses acquired since 2005.
The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, scientific research facilities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received 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 reduction of debt, organic growth and dividends.
For further information, please visit www.judges.uk.com
Judges Scientific (JDG)