Source - RNS
RNS Number : 0353K
Judges Scientific PLC
06 April 2018
 

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

[email protected]

 



 

 

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)

 

 

 

Price(s)

 

Volume(s)

1437.5p

30,000

2290.0p

27,914

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)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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