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SDI Group plc announced on April 3, 2024, that it issued and allotted 471,282 new ordinary shares following the exercise of options by a former employee. Application has been made for these shares to be admitted to trading on AIM, with admission expected around April 10, 2024, at which point the total number of ordinary shares in issue and voting rights will be 104,551,326.
| Date | 3 Apr 2024 |
| Time | 14:15:00 |
| Category | Capital structure |
| ID | 1948J |
SDI Group plc
("SDI", the "Company", or the "Group")
Exercise of Share Options 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 471,282 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") following an exercise of some options by a former employee.
Application has been made to the London Stock Exchange for the 471,282 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 or around 10th April 2024.
Following Admission, the total number of Ordinary Shares in issue will be 104,551,326 and the total number of voting rights will therefore be 104,551,326. 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
Stephen Brown, CEO 01223 727144
Ami Sharma, CFO
Cavendish Capital Markets Limited 020 7220 0500
Ed Frisby/Seamus Fricker - Corporate Finance
Andrew Burdis/Sunila de Silva - ECM
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, plastics and packaging, manufacturing, precision optics, measurement instrumentation and art conservation. SDI operates through its subsidiaries: Atik Cameras, Synoptics, Graticules Optics, Sentek, Astles Control Systems, Applied Thermal Control, MPB Industries, Chell Instruments, Monmouth Scientific, 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.