Science Group PLC Issue of share options & PDMR dealing (3260Z)
May 15 2023 - 2:00AM
UK Regulatory
TIDMSAG
RNS Number : 3260Z
Science Group PLC
15 May 2023
15 May 2023
Science Group plc
(the "Company")
Issue of share options and PDMR dealing
Science Group plc (AIM:SAG) announces that on 15 May 2023 the
Company granted options ("Options") over 531,000 ordinary shares in
its share capital to 60 employees of the group under the Company's
Performance Share Plan as part of the Company's annual option
grant. As anticipated at the time of the Company's proposed
acquisition of TP Group plc, 250,000 of this Option grant were
granted to key senior TP Group employees.
486,000 of the total Options granted will vest after three years
from the date of issue and are exercisable at the nominal value of
the share of 1 pence per share for a period of seven years from
vesting, provided that certain Earnings per Share growth targets
have been met in each of the three financial years 2023-2025. The
remaining 45,000 Options will vest after five years from the date
of issue and are exercisable at the nominal value of the share of 1
pence per share for a period of five years from vesting, provided
that certain Earnings per Share growth targets have been met in
each of the three financial years 2023-2025.
Details of Director and other PDMR option awards are included in
the disclosure notices below. Save for the below, the Directors'
beneficial interests in the share capital of the Company remain
unchanged and as previously announced.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Daniel Edwards
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2. Reason for the notification
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a) Position/status: Group Managing Director
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b) Initial notification/Amendment: Initial notification
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3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a) Name: Science Group plc
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b) LEI: 2138009OJQT79BDB3E93
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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
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a) Description of the financial instrument, type of instrument:
Ordinary shares of 1p each.
Identification code: GB00B39GTJ17
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b) Nature of the transaction: Grant of share options
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c) Price(s) and volume(s): Price(s) Volume(s)
1p 25,000
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d) Aggregated information:
* Aggregated volume: 25,000
* Price: GBP250
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e) Date of the transaction: 2023-05-15
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f) Place of the transaction: AIMX
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1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Jon Brett
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2. Reason for the notification
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a) Position/status: Group Finance Director
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b) Initial notification/Amendment: Initial notification
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3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a) Name: Science Group plc
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b) LEI: 2138009OJQT79BDB3E93
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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 financial instrument, type of instrument:
Ordinary shares of 1p each.
Identification code: GB00B39GTJ17
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b) Nature of the transaction: Grant of share options
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c) Price(s) and volume(s): Price(s) Volume(s)
1p 20,000
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d) Aggregated information:
* Aggregated volume: 20,000
* Price: GBP200
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e) Date of the transaction: 2023-05-15
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f) Place of the transaction: AIMX
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1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Sarah Cole
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2. Reason for the notification
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a) Position/status: Group Legal Counsel & Company Secretary
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b) Initial notification/Amendment: Initial notification
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3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a) Name: Science Group plc
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b) LEI: 2138009OJQT79BDB3E93
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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 financial instrument, type of instrument:
Ordinary shares of 1p each.
Identification code: GB00B39GTJ17
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b) Nature of the transaction: Grant of share options
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c) Price(s) and volume(s): Price(s) Volume(s)
1p 20,000
----------
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d) Aggregated information:
* Aggregated volume: 20,000
* Price: GBP200
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e) Date of the transaction: 2023-05-15
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f) Place of the transaction: AIMX
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- End -
For further information:
Science Group plc
Sarah Cole, Company Secretary Tel: +44 (0) 1223 875
200
www.sciencegroup.com
Stifel Nicolaus Europe Limited (Nominated
Adviser and Joint Broker)
Nick Adams, Alex Price, Richard Short Tel: +44 (0) 20 7710
7600
Liberum Capital Limited (Joint Broker)
Max Jones Tel: +44 (0) 20 3100
2000
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END
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