Grant of Share Option Awards
SDI Group plc announced on 24 September 2026 the grant of share option awards to its Executive Directors on 23 September 2026. The Chief Executive Officer, Stephen Brown, received a deferred bonus award of 303,589 shares vesting on 23 September 2027 and an LTIP award of 353,863 shares vesting on 24 September 2029, subject to performance conditions. The Chief Financial Officer, Amitabh Sharma, received a deferred bonus award of 240,196 shares vesting on 23 September 2027 and an LTIP award of 302,612 shares vesting on 24 September 2029, also subject to performance conditions. Both awards have an exercise price of 1 pence per share.
Select text to share a quote on X · sign in to keep highlights & notes in your SDI notes
24 September 2026 – SDI Group plc, the buy and build group, focused on companies which design and manufacture specialist lab equipment, industrial & scientific sensors and industrial & scientific products, announces details of the grant of share option awards on 23 September 2026 to the Company’s Executive Directors in respect of Ordinary Shares of 1 pence each in the Company.
Two separate awards were granted to each Executive Director. The first award is a deferred bonus award in respect of SDI’s financial year ended 30 April 2026 granted under the Company’s Long Term Incentive Plan 2025 ("LTIP"). The second award is a performance based LTIP award, also granted under the Company’s Long Term Incentive Plan 2025 (together, the "Grants").
The deferred bonus awards have an exercise price per share of 1 pence and are exercisable one year from the grant date and have no performance conditions.
The LTIP awards have an exercise price per share of 1 pence and are ordinarily exercisable three years from the grant date subject to continued service and 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. The performance conditions for the awards are linked to the Company's growth in EPS and total shareholder return.
Each of the awards is subject to the rules of the LTIP including its good/bad leaver terms and its malus and claw back provisions.
The following awards have been made:
| Name | Role | LTIP award (no. of shares) | Vesting Date | Deferred bonus award (no. of shares) | Vesting Date | Total options following the Grants (no of shares) |
| Stephen Brown | Chief Executive Officer | 353,863 | 24 September 2029 | 303,589 | 23 September 2027 | 1,947,580 |
| Amitabh Sharma | Chief Financial Officer | 302,612 | 24 September 2029 | 240,196 | 23 September 2027 | 1,627,664 |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| 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 1 pence each | ||||
| Identification code | GB00B3FBWW43 | |||||
| b) | Nature of the transaction | Grant of a deferred bonus award under the SDI Group plc Long Term Incentive Plan 2025. Grant of a LTIP award under the SDI Group plc Long Term Incentive Plan 2025. 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) | Price (s) Volume(s) Nil 303,589 Nil 353,863 | ||||
| d) | Aggregated information: Aggregated volume Price | 657,452 Nil | ||||
| e) | Date of the transaction | 23 September 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Amitabh 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 1 pence each | ||||
| Identification code | GB00B3FBWW43 | |||||
| b) | Nature of the transaction | Grant of a deferred bonus award under the SDI Group plc Long Term Incentive Plan 2025. Grant of a LTIP award under the SDI Group plc Long Term Incentive Plan 2025. 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) | Price (s) Volume(s) Nil 240,196 Nil 302,612 | ||||
| d) | Aggregated information: Aggregated volume Price | 542,808 Nil | ||||
| e) | Date of the transaction | 23 September 2026 | ||||
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.