23 January 2025
Judges Scientific plc
("Judges Scientific"
or the "Company")
Grant of Options
Judges Scientific announces that it has
issued options over 76,500 new ordinary shares of 5
pence each in the Company ("Ordinary Shares") at an exercise
price per share of £76.90, being the closing mid-price
on 22 January 2025.
76,500 options have been awarded in total by
the Remuneration Committee to certain of the Directors, as shown in
the table below, to retain and incentivise them. Vesting of the
options after three years is subject to the achievement of 5%
compound growth in adjusted earnings per share over the vesting
period, and to continued employment.
|
Director
|
Number of
options
|
Option
Scheme
|
Vesting
date
|
Expiry
date
|
|
Tim Prestidge
|
60,000
|
Unapproved
|
23/01/2028
|
22/01/2035
|
|
David Cicurel
|
5,500
|
Unapproved
|
23/01/2028
|
22/01/2035
|
|
Brad Ormsby
|
5,500
|
Unapproved
|
23/01/2028
|
22/01/2035
|
|
Mark Lavelle
|
5,500
|
Unapproved
|
23/01/2028
|
22/01/2035
|
The Remuneration Committee seeks through its
award of share options to motivate, retain and incentivise
executives of the calibre that will grow shareholder value
successfully. The share option awards align the interests of
executives and shareholders. Tim Prestidge, Group Business
Development Director, has been issued additional options as his
original share options from the time of his appointment, which were
granted on 31 March 2023, were issued with a 10% compound growth
rate, prior to the enactment of the increase in UK corporation tax
from 19% to 25%. In this context, the Remuneration Committee
consider such compound performance target to be overly ambitious
for the vesting period.
Further it is noted that the Company
erroneously omitted disclosing the issue of share options to Ian
Wilcock, Group Commercial Director, when he joined the Company. The
award of options, which was made on 19 September 2024, is
summarised below.
|
Director
|
Number of
options
|
Exercise price
|
Option
Scheme
|
Vesting
date
|
Expiry
date
|
|
Ian Wilcock
|
305
|
£98.30
|
Approved
|
19/09/2027
|
19/09/2034
|
|
Ian Wilcock
|
29,695
|
£98.30
|
Unapproved
|
19/09/2027
|
19/09/2034
|
|
For further
information please contact:
|
|
|
|
Judges
Scientific plc
David Cicurel, CEO
Brad Ormsby, CFO
Tel: +44 (0) 20 3829 6970
|
Shore Capital
(Nominated Adviser & Joint Broker)
Stephane Auton
Harry Davies-Ball
Tel: +44 (0) 20 7408 4090
|
|
|
Liberum (Joint
Broker)
Edward Mansfield
Nikhil Varghese
Joshua Borlant
Tel : +44 (0) 20 3100 2222
|
Investec Bank
plc (Joint Broker)
Virginia Bull
Carlton Nelson
Tel: +44 (0) 207 597 4000
|
|
|
Alma
(Financial Public Relations)
Sam Modlin
Rebecca Sanders-Hewett
Joe Pederzolli
Sarah Peters
Tel: +44 (0) 20 3405 0205
judges@almastrategic.com
|
|
|
|
|
|
|
|
Notes to
editors:
Judges Scientific plc (AIM: JDG), is a
group focused on acquiring and developing companies in the
scientific instrument sector. The Group consists of 25 businesses
acquired since 2005.
The acquired companies are
primarily UK-based with products sold worldwide to a diverse
range of markets including: higher education institutions,
scientific research facilities, manufacturers and regulatory
authorities. The UK is a recognised centre of excellence
for scientific instruments. The Group has received five Queen's
Awards for innovation and export.
The Group's companies predominantly operate in
global niche markets, with long term growth fundamentals and
resilient margins.
Judges Scientific maintains a policy of
selectively acquiring businesses that generate sustainable profits
and cash. Shareholder returns are created through the reduction of
debt, organic growth and dividends.
For further information, please
visit www.judges.uk.com
Judges
Scientific plc
Director/PDMR
Shareholding
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
David Cicurel
|
|
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
|
Judges Scientific plc
|
|
b)
|
LEI
|
2138004EXWWPTW1JOL31
|
|
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
Identification code
|
Ordinary shares in Judges Scientific
plc
GB0032398678
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
7690p
|
5,500
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
23/01/2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM Market
(XLON)
|
Judges
Scientific plc
Director/PDMR
Shareholding
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Bradley Ormsby
|
|
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
|
Judges Scientific plc
|
|
b)
|
LEI
|
2138004EXWWPTW1JOL31
|
|
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
Identification code
|
Ordinary shares in Judges Scientific
plc
GB0032398678
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
7690p
|
5,500
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
23/01/2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM Market
(XLON)
|
Judges
Scientific plc
Director/PDMR
Shareholding
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Mark Lavelle
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Operating Officer
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Judges Scientific plc
|
|
b)
|
LEI
|
2138004EXWWPTW1JOL31
|
|
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
Identification code
|
Ordinary shares in Judges Scientific
plc
GB0032398678
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
7690p
|
5,500
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
23/01/2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM Market
(XLON)
|
Judges
Scientific plc
Director/PDMR
Shareholding
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Tim Prestidge
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Group Business Development Director
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Judges Scientific plc
|
|
b)
|
LEI
|
2138004EXWWPTW1JOL31
|
|
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
Identification code
|
Ordinary shares in Judges Scientific
plc
GB0032398678
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
7690p
|
60,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
23/01/2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM Market
(XLON)
|
Judges
Scientific plc
Director/PDMR
Shareholding
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Ian Wilcock
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Group Commercial Director
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Judges Scientific plc
|
|
b)
|
LEI
|
2138004EXWWPTW1JOL31
|
|
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
Identification code
|
Ordinary shares in Judges Scientific
plc
GB0032398678
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
9830p
|
30,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
|
|
e)
|
Date of the transaction
|
19/09/2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM Market
(XLON)
|
