Share Option Awards
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SDI Group plc, the AIM quoted Group focused on the design and manufacture of products for use in the lab equipment, industrial & scientific sensors and the industrial & scientific products markets, announces details of the grant of share option awards on 26 September 2024 to the Company's Executive Directors. Two separate awards were granted to each Executive Director.
One award is a deferred bonus award in respect of SDI's financial year ended 30 April 2024 granted under the Company's Unapproved (2008) Share Option scheme. The other award is a performance based LTIP award granted under the Company's Long Term Incentive Plan 2018 ("LTIP") (together the "Grants").
The deferred bonus awards have an exercise price per share of 1 pence and are ordinarily exercisable from three years from grant and have no performance conditions.
The LTIP awards have an exercise price per share of 1 pence and are ordinarily exercisable three year from grant to the extent that performance conditions measured over a 3-year performance period are met. The LTIP awards are also subject to net of tax post vesting holding period to be determined by the Remuneration Committee and are subject to claw back and malus provisions. The performance conditions for the awards are linked to the Company's growth in EPS and total shareholder return.
The following awards have been made:
| Name | Role | LTIP award (no. of shares) | Deferred bonus award (no. of shares) | Vesting Date | Total options following the Grants (no of shares) |
| Stephen Brown | Chief Executive Officer | 455,158 | 81,562 | 27 September 2027 | 786,720 |
| Ami Sharma | Chief Financial Officer | 389,312 | 64,860 | 27 September 2027 | 865,228 |
| 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 | 1. Grant of a deferred bonus award under the Scientific Digital Imaging plc Unappoved (2008) Share Option scheme. 2. Grant of a LTIP award under the Scientific Digital Imaging plc Long Term Incentive Plan 2018. Each award is structured as an option over Ordinary Shares and have an associated exercise price of 1 pence per Ordinary Share. | |||
| c) | Price(s) and volume(s) | Exercise Price (s) Volume(s) 1. 1p 81,562 2. 1p 455,158 | |||
| d) | Aggregated information: · Aggregated volume · Price | As in 4 c) above | |||
| e) | Date of the transaction | 26 September 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 | 1. Grant of a deferred bonus award under the Scientific Digital Imaging plc Unappoved (2008) Share Option scheme. 2. Grant of a LTIP award under the Scientific Digital Imaging plc Long Term Incentive Plan 2018. Each award is structured as an option over Ordinary Shares and have an associated exercise price of 1 pence per Ordinary Share. | |||
| c) | Price(s) and volume(s) | Exercise Price (s) Volume(s) 1p 64,860 1p 389,312 | |||
| d) | Aggregated information: · Aggregated volume · Price | As in 4 c) above | |||
| e) | Date of the transaction | 26 September 2024 | |||
| f) | Place of the transaction | Outside a trading venue |
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