TIDMJDG

RNS Number : 0597L

Judges Scientific PLC

08 January 2021

 
 Press Release 
 

Judges Scientific plc

("Judges Scientific")

Grant of Options

Judges Scientific announces that it has issued options over 60,000 new ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an exercise price of GBP65.80, being the closing share price on 7 January 2021.

20,000 options have been awarded by the Remuneration Committee to each of the Executive Directors to retain and incentivise them. Vesting of the options after three years is subject to the achievement of an adjusted earnings per share target for 2021, with 10% compound growth in adjusted earnings per share over the target in 2022 and 2023 respectively, and to continued employment.

 
 Director        Number of options   Option Scheme   Vesting date   Expiry date 
 David Cicurel   20,000              Unapproved      08/01/2024     07/01/2031 
                ------------------  --------------  -------------  ------------ 
 Brad Ormsby     20,000              Unapproved      08/01/2024     07/01/2031 
                ------------------  --------------  -------------  ------------ 
 Mark Lavelle    20,000              Unapproved      08/01/2024     07/01/2031 
                ------------------  --------------  -------------  ------------ 
 

Ends -

 
    Judges Scientific 
     David Cicurel, CEO                                  Tel: +44 (0) 20 3829 6970 
      Brad Ormsby, Group FD 
 
      Shore Capital (Nominated Adviser & Joint Broker) 
     Stephane Auton                                      Tel: +44 (0) 20 7408 4090 
      Edward Mansfield 
      Sarah Mather 
 
      Liberum (Joint Broker)                             Tel: +44 (0) 20 3100 2222 
      Bidhi Bhoma 
      Euan Brown 
 
      Alma (Financial Public Relations) 
      Rebecca Sanders-Hewett                             Tel: +44 (0) 20 3405 0205 
      Justine James 
      Sam Modlin 
 
 1       Details of the person discharging managerial responsibilities 
          / person closely associated 
 a)      Name                           David Cicurel 
        -----------------------------  ------------------------------------------------- 
 2       Reason for the notification 
        -------------------------------------------------------------------------------- 
 a)      Position/status                Chief Executive Officer 
        -----------------------------  ------------------------------------------------- 
 b)      Initial notification           Initial notification 
          /Amendment 
        -----------------------------  ------------------------------------------------- 
 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             Ordinary shares in Judges Scientific 
          financial instrument,          plc 
          type of instrument 
 
          Identification code            GB0032398678 
        -----------------------------  ------------------------------------------------- 
 b)      Nature of the transaction      Grant of Options 
        -----------------------------  ------------------------------------------------- 
 c)      Price(s) and volume(s)           Price(s)   Volume(s) 
                                           6580p      20,000 
                                                     ---------- 
        -----------------------------  ------------------------------------------------- 
 d)      Aggregated information         N/A 
 
          - Aggregated volume 
 
          - Price 
        -----------------------------  ------------------------------------------------- 
 e)      Date of the transaction        08/01/2021 
        -----------------------------  ------------------------------------------------- 
 f)      Place of the transaction       London Stock Exchange, AIM Market 
                                         (XLON) 
        -----------------------------  ------------------------------------------------- 
 
 
 
 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         Initial notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
 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           Ordinary shares in Judges Scientific 
       financial instrument,        plc 
       type of instrument 
 
       Identification code          GB0032398678 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Grant of Options 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)   Volume(s) 
                                      6580p      20,000 
                                                ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information       N/A 
 
       - Aggregated volume 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      08/01/2021 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange, AIM Market 
                                    (XLON) 
     ---------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Mark Lavelle 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              Chief Operating Officer 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
 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           Ordinary shares in Judges Scientific 
       financial instrument,        plc 
       type of instrument 
 
       Identification code          GB0032398678 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Grant of Options 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)   Volume(s) 
                                      6580p      20,000 
                                                ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information       N/A 
 
       - Aggregated volume 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      08/01/2021 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange, AIM Market 
                                    (XLON) 
     ---------------------------  -------------------------------------- 
 

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 19 businesses acquired since it was re-admitted to AIM in 2005.

The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, the scientific communities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group companies hold 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 repayment of debt, organic growth and dividends.

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

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END

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January 08, 2021 04:31 ET (09:31 GMT)

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