TIDMSDI

RNS Number : 5285Y

SDI Group PLC

14 January 2022

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN SDI GROUP PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF SDI GROUP PLC. PLEASE SEE THE IMPORTANT NOTICE AT THE OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR. IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

SDI Group plc

("SDI", the "Company" or the "Group")

Result of Secondary Placing and Director Shareholdings

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 and control applications, announces that it has been informed by the Selling Shareholders that, further to the announcement made at 1.30 p.m. on 14 January 2022 (the "ABB Announcement"), they have successfully sold a total of 1,260,000 Placing Shares at a price of 195 pence per Placing Share. The Placing Shares in aggregate represent approximately 1.23 per cent. of the Company's issued share capital.

Capitalised terms in this announcement shall have the same meaning ascribed to them as in the ABB Announcement unless the context requires otherwise.

On completion of the Placing, the Selling Shareholders shall have the following resultant shareholdings:

 
                                                                                 Resultant holding assuming 
                                                                                 all Placing Shares sold and 
                                                                                     following Admission 
                                                                           -------------------------------------- 
 Director            Current        Current       Number         Total      Ordinary      %      Options      % 
                   shareholding      number      of options      number       Shares               over 
                                   of options    exercised     of Placing                        Ordinary 
                                      held                       Shares                           Shares 
                 --------------  ------------  ------------  ------------  ----------  ------  ----------  ------ 
 Ken Ford           1,000,000       391,052       215,217       200,000     1,015,217   0.99%    175,835    0.17% 
                 --------------  ------------  ------------  ------------  ----------  ------  ----------  ------ 
 Mike Creedon        442,452       1,365,147      652,173       320,000      774,625    0.76%    712,974    0.70% 
                 --------------  ------------  ------------  ------------  ----------  ------  ----------  ------ 
 Jon Abell           100,000       1,167,603      521,739       250,000      371,739    0.36%    645,864    0.63% 
                 --------------  ------------  ------------  ------------  ----------  ------  ----------  ------ 
 David Tilston       90,000         250,000       250,000       240,000      100,000    0.10%       0       0.00% 
                 --------------  ------------  ------------  ------------  ----------  ------  ----------  ------ 
 Isabel Napper       65,000         250,000       250,000       250,000      65,000     0.06%       0       0.00% 
                 --------------  ------------  ------------  ------------  ----------  ------  ----------  ------ 
 

The notification at the end of this announcement, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the transactions.

The Placing was conducted through an accelerated bookbuild by finnCap Ltd ("finnCap") acting as bookrunner. Proceeds of the Placing are payable in cash on usual settlement terms and the Placing is expected to settle on or around 20 January 2022.

Enquiries

SDI Group plc 01223 320480

Ken Ford, Chairman

Mike Creedon, CEO

Jon Abell, CFO

www.thesdigroup.net

finnCap Ltd 020 7220 0500

Ed Frisby/Kate Bannatyne/Milesh Hindocha - Corporate Finance

Andrew Burdis/Sunila de Silva - ECM

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, Uniform Engineering and Scientific Vacuum Systems.

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        Exercise of options; and 
                                        Sale of Ordinary Shares 
     -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                          Price(s)   Volume(s) 
                                        Exercise 
                                         of options    1p         215,217 
                                        Sale           195p       200,000 
     -------------------------------  ------------------------------------ 
 d)     Aggregated information: 
          *    Aggregated volume         As in 4c) above 
 
 
          *    Price 
     -------------------------------  ------------------------------------ 
 e)   Date of the transaction          14 January 2022 
     -------------------------------  ------------------------------------ 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  ------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Mike Creedon 
     -------------------------------  ------------------------------------ 
 2.   Reason for the Notification 
     --------------------------------------------------------------------- 
 a)   Position/status                  CEO 
     -------------------------------  ------------------------------------ 
 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        Exercise of options; and 
                                        Sale of Ordinary Shares 
     -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                          Price(s)   Volume(s) 
                                        Exercise 
                                         of options    1p         652,173 
                                        Sale           195p       320,000 
     -------------------------------  ------------------------------------ 
 d)     Aggregated information: 
          *    Aggregated volume         As in 4c) above 
 
 
          *    Price 
     -------------------------------  ------------------------------------ 
 e)   Date of the transaction          14 January 2022 
     -------------------------------  ------------------------------------ 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  ------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Jon Abell 
     -------------------------------  ------------------------------------ 
 2.   Reason for the Notification 
     --------------------------------------------------------------------- 
 a)   Position/status                  CFO 
     -------------------------------  ------------------------------------ 
 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        Exercise of options; and 
                                        Sale of Ordinary Shares 
     -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                          Price(s)   Volume(s) 
                                        Exercise 
                                         of options    1p         521,739 
                                        Sale           195p       250,000 
     -------------------------------  ------------------------------------ 
 d)     Aggregated information: 
          *    Aggregated volume         As in 4c) above 
 
 
          *    Price 
     -------------------------------  ------------------------------------ 
 e)   Date of the transaction          14 January 2022 
     -------------------------------  ------------------------------------ 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  ------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             David Tilston 
     -------------------------------  ------------------------------------ 
 2.   Reason for the Notification 
     --------------------------------------------------------------------- 
 a)   Position/status                  Non-Executive Director 
     -------------------------------  ------------------------------------ 
 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        Exercise of options; and 
                                        Sale of Ordinary Shares 
     -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                          Price(s)   Volume(s) 
                                        Exercise 
                                         of options    33p        250,000 
                                        Sale           195p       240,000 
     -------------------------------  ------------------------------------ 
 d)     Aggregated information: 
          *    Aggregated volume         As in 4c) above 
 
 
          *    Price 
     -------------------------------  ------------------------------------ 
 e)   Date of the transaction          14 January 2022 
     -------------------------------  ------------------------------------ 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  ------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Isabel Napper 
     -------------------------------  ------------------------------------ 
 2.   Reason for the Notification 
     --------------------------------------------------------------------- 
 a)   Position/status                  Non-Executive Director 
     -------------------------------  ------------------------------------ 
 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        Exercise of options; and 
                                        Sale of Ordinary Shares 
     -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                          Price(s)   Volume(s) 
                                        Exercise 
                                         of options    24.5p      250,000 
                                        Sale           195p       250,000 
     -------------------------------  ------------------------------------ 
 d)     Aggregated information: 
          *    Aggregated volume         As in 4c) above 
 
 
          *    Price 
     -------------------------------  ------------------------------------ 
 e)   Date of the transaction          14 January 2022 
     -------------------------------  ------------------------------------ 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  ------------------------------------ 
 
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January 14, 2022 09:40 ET (14:40 GMT)

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