15 May 2023
Science Group plc
(the "Company")
Issue of share options and PDMR dealing
Science Group plc (AIM:SAG) announces that on 15 May 2023 the Company granted options ("Options") over 531,000 ordinary shares in its share capital to 60 employees of the group under the Company's Performance Share Plan as part of the Company's annual option grant. As anticipated at the time of the Company's proposed acquisition of TP Group plc, 250,000 of this Option grant were granted to key senior TP Group employees.
486,000 of the total Options granted will vest after three years from the date of issue and are exercisable at the nominal value of the share of 1 pence per share for a period of seven years from vesting, provided that certain Earnings per Share growth targets have been met in each of the three financial years 2023-2025. The remaining 45,000 Options will vest after five years from the date of issue and are exercisable at the nominal value of the share of 1 pence per share for a period of five years from vesting, provided that certain Earnings per Share growth targets have been met in each of the three financial years 2023-2025.
Details of Director and other PDMR option awards are included in the disclosure notices below. Save for the below, the Directors' beneficial interests in the share capital of the Company remain unchanged and as previously announced.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name: Daniel Edwards | ||||
2. | Reason for the notification | ||||
| a) | Position/status: Group Managing Director | ||||
| b) | Initial notification/Amendment: Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name: Science Group plc | ||||
| b) | LEI: 2138009OJQT79BDB3E93 | ||||
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: GB00B39GTJ17 | ||||
| b) | Nature of the transaction: Grant of share options | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: · Aggregated volume: 25,000 · Price: £250 | ||||
| e) | Date of the transaction: 2023-05-15 | ||||
| f) | Place of the transaction: AIMX |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name: Jon Brett | ||||
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: Science Group plc | ||||
| b) | LEI: 2138009OJQT79BDB3E93 | ||||
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: GB00B39GTJ17 | ||||
| b) | Nature of the transaction: Grant of share options | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: · Aggregated volume: 20,000 · Price: £200 | ||||
| e) | Date of the transaction: 2023-05-15 | ||||
| f) | Place of the transaction: AIMX |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name: Sarah Cole | ||||
2. | Reason for the notification | ||||
| a) | Position/status: Group Legal Counsel & Company Secretary | ||||
| b) | Initial notification/Amendment: Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name: Science Group plc | ||||
| b) | LEI: 2138009OJQT79BDB3E93 | ||||
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: GB00B39GTJ17 | ||||
| b) | Nature of the transaction: Grant of share options | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: · Aggregated volume: 20,000 · Price: £200 | ||||
| e) | Date of the transaction: 2023-05-15 | ||||
| f) | Place of the transaction: AIMX |
- End -
For further information:
| Science Group plc | |
| Sarah Cole, Company Secretary | Tel: +44 (0) 1223 875 200 |
|
| |
|
| |
| Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) | |
| Nick Adams, Alex Price, Richard Short | Tel: +44 (0) 20 7710 7600 |
|
| |
| Liberum Capital Limited (Joint Broker) | |
| Max Jones | Tel: +44 (0) 20 3100 2000 |
|
| |
|
| |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
