21 Dec 2018 07:00
Scientific Digital Imaging plc
("SDI", the "Company" or the Group")
(AIM: SDI)
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Long Term Incentive Plan ("LTIP") Awards
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Scientific聽Digital聽Imaging聽plc,聽the聽AIM聽quoted聽group聽focused聽on聽the聽design聽and聽manufacture of scientific and technology products for use in digital imaging and sensing and control applications, including life sciences, healthcare, astronomy, manufacturing and art conservation, announces details of awards on 21 December 2018 under the Scientific Digital Imaging plc Long Term Incentive Plan 2018 ("LTIP") (the "Grant").
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The LTIP has been established to incentivise management to increase shareholder value over the long term. The Remuneration Committee聽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.聽
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Pursuant to the LTIP, the following awards have been made:
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Name | Role | LTIP Award (number of shares) | Vesting Date | Total options following the Grant (number of shares) 聽 |
Ken Ford | Chairman | 215,217 | 21 December 2021 | 715,217 |
Mike Creedon | Chief Executive Officer | 652,173 | 21 December 2021 | 1,872,173 |
Jon Abell | Chief Financial Officer | 521,739 | 21 December 2021 | 1,021,739 |
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The nil paid awards are subject to a 3 year performance period (the "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.
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Enquiries:
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Scientific Digital聽Imaging聽plc 01223聽320480
Ken Ford,聽Chairman Mike Creedon,聽CEO Jon Abell,聽CFO
www.scientificdigitalimaging.com
finnCap聽Ltd 020 7220聽0500
Ed Frisby/Kate Bannatyne - Corporate Finance Andrew Burdis/Sunila de Silva - Corporate Broking
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JW聽Communications 07818聽430877
Julia Wilson - Investor & Public Relations
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About SDI:
Scientific Digital Imaging plc ("SDI") designs and manufactures scientific and technology products for use in digital imaging and sensing and control applications including life sciences,聽healthcare,聽astronomy,聽manufacturing聽and聽art聽conservation.聽SDI聽operates聽through its company divisions: Applied Thermal Control, Astles, Atik Cameras, Sentek and Synoptics,聽as聽well聽as聽the聽recently聽acquired,聽Fistreem.
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SDI聽continues聽to聽grow聽by聽developing聽its聽own聽technology聽advancements聽and聽by聽improving聽its global distribution footprint, as well as through pursuing strategic, complementary acquisitions.
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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 | Scientific Digital Imaging 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 | Ordinary Shares of 1 pence each | ||||
Identification code | GB00B3FBWW43 | |||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: 路 Aggregated volume 路 Price | 聽 See 4c) above | ||||
e) | Date of the transaction | 21 December 2018 | ||||
f) | Place of the transaction | Outside of a trading venue |
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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 | Scientific Digital Imaging 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 | Ordinary Shares of 1 pence each | ||||
Identification code | GB00B3FBWW43 | |||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: 路 Aggregated volume 路 Price | 聽 See 4c) above | ||||
e) | Date of the transaction | 21 December 2018 | ||||
f) | Place of the transaction | Outside of a trading venue |
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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 | Scientific Digital Imaging 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 | Ordinary Shares of 1 pence each | ||||
Identification code | GB00B3FBWW43 | |||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: 路 Aggregated volume 路 Price | 聽 See 4c) above | ||||
e) | Date of the transaction | 21 December 2018 | ||||
f) | Place of the transaction | Outside of a trading venue |
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