SDI Group plc
("SDI", the "Company" or the "Group")
Long Term Incentive Plan ("LTIP") Awards
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.
FOR FURTHER INFORMATION
| SDI Group plc Ken Ford, Chairman Stephen Brown, Chief Executive Officer Ami Sharma, Chief Financial Officer | 01223 727144 |
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| Cavendish Capital Markets Limited Ed Frisby/Seamus Fricker - Corporate Finance Andrew Burdis/Sunila de Silva - ECM | 020 7220 0500 |
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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, Scientific Vacuum Systems, Safelab Systems, LTE Scientific, Fraser Anti-Static Techniques and Peak Sensors.
Corporate expansion is via organic growth within its subsidiary companies and through the acquisition of complementary, niche technology businesses with established reputations in global markets.
| 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 | ||||
| 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 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) |
| ||||
| 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 | ||||
| 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 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) |
| ||||
| 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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