15 August 2016
Science Group plc
(the "Company")
Issue of share options and PDMR dealing
Science Group plc (AIM:SAG) announces that on 12 August 2016 the Company granted options ("Options") over 385,000 ordinary shares in its share capital to 31 employees of the group under the Company's Performance Share Plan.
Each of these Options 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 performance conditions have been satisfied. Up to 50 per cent of the Options may vest subject to the achievement of Earnings per Share growth targets in each of the three financial years 2016-2018. Up to a further 50 per cent of the Options may vest subject to achievement of a Total Shareholder Return target over a three year period.
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
Details of the person discharging managerial responsibilities/person closely associated
a)
Name: Rebecca Hemsted
Reason for the notification
Position/status: Finance Director
b)
Initial notification/Amendment: Initial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name: Science Group plc
LEI: n/a
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
Description of the financial instrument, type of instrument: Ordinary shares of 1p each.
Identification code: GB00B39GTJ17
Nature of the transaction: Grant of share options
c)
Price(s) and volume(s):
Price(s)
Volume(s)
1p
25,000
d)
Aggregated information:
· Aggregated volume: 25,000
· Price: £250
e)
Date of the transaction: 2016-08-12
f)
Place of the transaction: XLON
Name: Sarah Cole
Position/status: Group Legal Counsel & Company Secretary
Nature of the transaction: Acquisition of shares following exercise of share options
Name: Daniel Edwards
Position/status: Group Commercial Director
Name: Tamara Kahn
Position/status: Group Strategic Director
- Ends -
For further information:
Martyn Ratcliffe, Chairman
Tel: +44 (0) 1223 875 200
Rebecca Hemsted, Finance Director
Numis Securities Limited
Nominated Adviser: Simon Willis / Paul Gillam
Tel: +44 (0) 20 7260 1000
Corporate Broking: Michael Burke