SDI Group plc
("SDI", the "Company" or the "Group")
Long Term Incentive Plan ("LTIP") Awards
SDI Group plc, the AIM quoted Group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing control applications, announces details of awards on 1 October 2021 under the Scientific Digital Imaging plc Long Term Incentive Plan 2018 ("LTIP") (the "Grant").
Pursuant to the LTIP, the following awards have been made:
| Name | Role | LTIP Award (number of shares) | Vesting Date | Total options following the Grant (number of shares)
|
| Ken Ford | Chairman | 40,380 | 01 October 2024 | 391,052 |
| Mike Creedon | Chief Executive Officer | 62,820 | 01 October 2024 | 1,365,147 |
| Jon Abell | Chief Financial Officer | 33,500 | 01 October 2024 | 1,167,603 |
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.
FOR FURTHER INFORMATION
| SDI Group plc Ken Ford, Chairman Mike Creedon, Chief Executive Officer Jon Abell, Chief Financial Officer | 01223 727144 |
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| finnCap Ltd Ed Frisby/Kate Bannatyne/Milesh Hindocha - Corporate Finance Andrew Burdis/Sunila de Silva - ECM | 020 7220 0500 |
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| JW Communications Julia Wilson - Investor & Public Relations |
07818 430 877 |
About SDI Group plc:
SDI designs and manufactures scientific and technology products for use in digital imaging and sensing and control applications including life sciences, healthcare, astronomy, manufacturing, precision optics and art conservation. SDI operates through its company divisions: Atik Cameras, Synoptics, Graticules Optics, Sentek, Astles Control Systems, Applied Thermal Control, MPB Industries, Chell Instruments, Monmouth Scientific and Uniform Engineering.
SDI continues to grow by developing its own technology advancements and by improving its global sales channels, as well as through pursuing strategic, complementary acquisitions. www.thesdigroup.net
| 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 | SDI Group 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 1p each | ||||
| Identification code | GB00B3FBWW43 | |||||
| b) | Nature of the transaction | Issue of Options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
As in 4c) above
| ||||
| e) | Date of the transaction | 01 October 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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 | SDI Group 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 1p each | ||||
| Identification code | GB00B3FBWW43 | |||||
| b) | Nature of the transaction | Issue of Options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
As in 4c) above
| ||||
| e) | Date of the transaction | 01 October 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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 | SDI Group 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 1p each | ||||
| Identification code | GB00B3FBWW43 | |||||
| b) | Nature of the transaction | Issue of Options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
As in 4c) above
| ||||
| e) | Date of the transaction | 01 October 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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