Judges Scientific PLC Grant of Options (0597L)
08 Enero 2021 - 03:31AM
UK Regulatory
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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