Long Term Incentive Plan Awards
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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 details of awards on 23 February 2024 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 (number of shares) | Vesting Date | Total options following the Grant (number of shares) |
|---|---|---|---|---|
| Stephen Brown | Chief Executive Officer | 250,000 | 23 February 2027 | 250,000 |
| Ami Sharma | Chief Financial Officer | 200,000 | 23 February 2027 | 411,056 |
The 1p 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 in EPS and total shareholder return.
| a) | Name | Stephen Brown |
| 2. | Reason for the Notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | SDI Group plc |
| b) | LEI | 213800YA3XW7JRE46Z70 |
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 1p each |
| Identification code | GB00B3FBWW43 | |
| b) | Nature of the transaction | Issue of Options |
| c) | Price(s) and volume(s) | Exercise Price Volume(s) 1p 250,000 |
| d) | Aggregated information: · Aggregated volume · Price | As in 4c) above |
| e) | Date of the transaction | 23 February 2024 |
| f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Ami Sharma |
| 2. | Reason for the Notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | SDI Group plc |
| b) | LEI | 213800YA3XW7JRE46Z70 |
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 1p each |
| Identification code | GB00B3FBWW43 | |
| b) | Nature of the transaction | Issue of Options |
| c) | Price(s) and volume(s) | Exercise Price Volume(s) 1p 200,000 |
| d) | Aggregated information: · Aggregated volume · Price | As in 4c) above |
| e) | Date of the transaction | 23 February 2024 |
| f) | Place of the transaction | Outside a trading venue |
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