19 June 2023
Scholium Group plc
("Scholium" or the "Company")
Grant of Share Options & PDMR dealing
Scholium Group Plc, the leading dealer in antiquarian books and modern classic art, announces that it has granted options on 16 June 2023 under the Company's Enterprise Management Incentive Share Option Scheme ("EMI Option Scheme") over a total of 1,000,000 ordinary shares of 1 pence in the Company ("Option Shares") to certain employees.
700,000 of these Option Shares have been granted to Directors as per the table below:
| Name | Title | Number of Option Shares |
| Bernard Shapero | CEO | 400,000 |
| David Harland | Chairman | 200,000 |
| Philip Tansey | CFO | 100,000 |
The Option Shares have an exercise price of 37.5p per share (being the closing mid-market share price on 16 June 2023), vest over the three years from the date of grant (ensuring the employees remain in continuous employment within the Group) and once vested, are exercisable at any time up to ten years after the date of grant.
The remaining 300,000 Option Shares have been granted to members of staff.
Graham Noble, Independent Director and head of the Remuneration Committee, commented:
"As the Company continues onto a more sustainable and profitable path, it is crucial that we align the interests of all members of the Scholium team with shareholders. The EMI Options Scheme was established to incentivise management and staff to increase shareholder value over the long term and the Remuneration Committee is keen to ensure that remuneration for the Company's senior team and employees will be effective, fair and motivate them to deliver success for the Company and its shareholders."
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
The person responsible for arranging the release of this announcement on behalf of the Company is Philip Tansey, Chief Financial Officer of the Company.
For further information please visit www.scholiumgroup.com or contact:
| Scholium Group plc David Harland, Chairman Philip Tansey, Chief Financial Officer
| +44 (0)20 7493 0876 |
| WH Ireland Ltd - Nominated Adviser Chris Fielding Enzo Aliaj | +44 (020) 7220 1666
|
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Bernard Shapero | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | CEO | ||||
| b) | Initial notification/ Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Scholium Group Plc | ||||
| b) | LEI | 213800X174X5ARSGSN91 | ||||
| 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 of 1p each
GB00BJYS2173 | ||||
| b) | Nature of the transaction | Grant of Options under the Company's EMI Options Scheme | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
400,000 £150,000 | ||||
| e) | Date of the transaction | 16 June 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | David Harland | ||||
| 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 | Scholium Group Plc | ||||
| b) | LEI | 213800X174X5ARSGSN91 | ||||
| 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 of 1p each
GB00BJYS2173 | ||||
| b) | Nature of the transaction | Grant of Options under the Company's EMI Options Scheme
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
200,000 £75,000 | ||||
| e) | Date of the transaction | 16 June 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Philip Tansey | ||||
| 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 | Scholium Group Plc | ||||
| b) | LEI | 213800X174X5ARSGSN91 | ||||
| 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 of 1p each
GB00BJYS2173 | ||||
| b) | Nature of the transaction | Grant of Options under the Company's EMI Options Scheme
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
100,000 £37,500 | ||||
| e) | Date of the transaction | 16 June 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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