TIDMSDI

RNS Number : 7705N

SDI Group PLC

01 October 2021

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    Vesting Date      Total options 
                                     (number                         following 
                                     of shares)                      the Grant 
                                                                     (number 
                                                                     of shares) 
 Ken Ford        Chairman           40,380        01 October 2024   391,052 
                 Chief Executive 
 Mike Creedon     Officer           62,820        01 October 2024   1,365,147 
                 Chief Financial 
 Jon Abell        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 
 
  finnCap Ltd 
   Ed Frisby/Kate Bannatyne/Milesh Hindocha - Corporate 
   Finance                                                  020 7220 
   Andrew Burdis/Sunila de Silva - ECM                       0500 
 
 
  JW Communications                                           07818 430 
   Julia Wilson - Investor & Public Relations                 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                   Ordinary Shares of 1p each 
       Financial instrument, 
       type of instrument 
      Identification code                  GB00B3FBWW43 
     -----------------------------------  ------------------------------ 
 b)   Nature of the transaction            Issue of Options 
     -----------------------------------  ------------------------------ 
 c)   Price(s) and volume(s)                Price(s)    Volume(s) 
                                             nil         40,380 
                                                        ---------- 
     -----------------------------------  ------------------------------ 
 d)     Aggregated information: 
          *    Aggregated volume             As in 4c) above 
 
 
          *    Price 
     -----------------------------------  ------------------------------ 
 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                   Ordinary Shares of 1p each 
       Financial instrument, 
       type of instrument 
      Identification code                  GB00B3FBWW43 
     -----------------------------------  ------------------------------ 
 b)   Nature of the transaction            Issue of Options 
     -----------------------------------  ------------------------------ 
 c)   Price(s) and volume(s)                Price(s)    Volume(s) 
                                             nil         62,820 
                                                        ---------- 
     -----------------------------------  ------------------------------ 
 d)     Aggregated information: 
          *    Aggregated volume             As in 4c) above 
 
 
          *    Price 
     -----------------------------------  ------------------------------ 
 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                   Ordinary Shares of 1p each 
       Financial instrument, 
       type of instrument 
      Identification code                  GB00B3FBWW43 
     -----------------------------------  ------------------------------ 
 b)   Nature of the transaction            Issue of Options 
     -----------------------------------  ------------------------------ 
 c)   Price(s) and volume(s)                Price(s)    Volume(s) 
                                             nil         33,500 
                                                        ---------- 
     -----------------------------------  ------------------------------ 
 d)     Aggregated information: 
          *    Aggregated volume             As in 4c) above 
 
 
          *    Price 
     -----------------------------------  ------------------------------ 
 e)   Date of the transaction              01 October 2021 
     -----------------------------------  ------------------------------ 
 f)   Place of the transaction             Outside a trading venue 
     -----------------------------------  ------------------------------ 
 

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END

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October 01, 2021 07:44 ET (11:44 GMT)

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