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SDI Group plc issued 500,000 new ordinary shares following Chairman Ken Ford's exercise of options. Mr Ford subsequently sold 250,000 shares at 188 pence per share on 3 September 2021. Following these transactions, Ken Ford has a beneficial interest in 1,000,000 Ordinary Shares, representing approximately 1.00% of the Company's total issued share capital, which will be 99,558,164 after the new shares are admitted to AIM on 9 September 2021.
| Date | 3 Sept 2021 |
| Time | 11:30:06 |
| Category | Director/PDMR dealings |
| ID | 7040K |
SDI Group plc
("SDI", the "Company", or the "Group")
Exercise of Share Options, Director Shareholding and Total Voting Rights
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 that it has issued and allotted a total of 500,000 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") following the exercise of options by Ken Ford, Chairman.
Following this exercise, Mr Ford subsequently sold 250,000 Ordinary Shares at a price of 188 pence per share on 3 September 2021. As a result of the above transactions, Ken Ford now has a beneficial interest in 1,000,000 Ordinary Shares representing approximately 1.00 per cent of the Company's total issued share capital.
Application has been made to the London Stock Exchange for the 500,000 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 9 September 2021.
After Admission, the total number of Ordinary Shares in issue will be 99,558,164 and the total number of voting rights will therefore be 99,558,164. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries
SDI Group plc 01223 727144
Ken Ford, Chairman
Mike Creedon, CEO
Jon Abell, CFO
finnCap Ltd 020 7220 0500
Ed Frisby/Kate Bannatyne/Milesh Hindocha - Corporate Finance
Andrew Burdis/Sunila de Silva - ECM
JW Communications 07818 430 877
Julia Wilson - Investor & Public Relations
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 and Uniform Engineering.
SDI continues to grow by developing its own technology advancements and by improving its global sales channels, as well as through pursuing strategic, complementary acquisitions. www.thesdigroup.net
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Ken Ford |
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2. |
Reason for the Notification |
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a) |
Position/status |
Chairman |
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b) |
Initial notification/Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
SDI Group plc |
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b) |
LEI |
213800YA3XW7JRE46Z70 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
1p Ordinary shares |
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Identification code |
GB00B3FBWW43 |
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b) |
Nature of the transaction |
Exercise of Options and Sale of Ordinary shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: · Aggregated volume · Price |
As above
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e) |
Date of the transaction |
3 September 2021 |
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f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
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