TIDMJDG

RNS Number : 5527N

Judges Scientific PLC

23 January 2023

 
 Press Release

Judges Scientific plc

("Judges Scientific" or the "Company")

Grant of Options

Judges Scientific announces that it has issued options over 13,500 new ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an exercise price of GBP80.00, being the closing mid price on 20 January 2023.

13,500 options have been awarded in total by the Remuneration Committee to the Executive Directors to retain and incentivise them. Vesting of the options after three years is subject to the achievement of 10% compound growth in adjusted earnings per share over the vesting period, and to continued employment.

 
 Director        Number        Option Scheme         Vesting date   Expiry 
                  of options                                         date 
 David Cicurel   4,500         Approved/Unapproved   20/01/2026     19/01/2033 
                ------------  --------------------  -------------  ----------- 
 Brad Ormsby     4,500         Unapproved            20/01/2026     19/01/2033 
                ------------  --------------------  -------------  ----------- 
 Mark Lavelle    4,500         Unapproved            20/01/2026     19/01/2033 
                ------------  --------------------  -------------  ----------- 
 
   -     Ends -

For further information please contact:

 
   Judges Scientific 
   David Cicurel, CEO                  Tel: +44 (0) 20 3829 
    Brad Ormsby, Group FD               6970 
 
     Shore Capital (Nominated Adviser 
     & Broker) 
   Stephane Auton                      Tel: +44 (0) 20 7408 4090 
    Iain Sexton 
 
     Liberum (Joint Broker)              Tel : +44 (0) 20 3100 2222 
     Edward Mansfield 
     William Hall 
 
     Media enquiries: 
     Alma PR (Financial Public 
     Relations) 
   Sam Modlin                          Tel: +44 (0) 20 3405 0205 
    Justine James                       judges@almapr.co.uk 
    Joe Pederzolli

Notes to editors:

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector. The Group now consists of 20 businesses acquired since 2005.

The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, scientific research facilities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen's Awards for innovation and export.

The Group's companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash. Shareholder returns are created through the reduction of debt, organic growth and dividends.

For further information, please visit www.judges.uk.com

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END

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(END) Dow Jones Newswires

January 23, 2023 05:27 ET (10:27 GMT)

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