Science Group PLC Issue of Share Options and PDMR Dealing (0152J)

TIDMSAG

RNS Number : 0152J

Science Group PLC

06 September 2016

6 September 2016

Science Group plc

(the "Company")

Issue of share options and PDMR dealing

Science Group plc (AIM:SAG) announces that on 5 September 2016 the Company granted options ("Options") over 100,000 ordinary shares in its share capital to Andrew Diston, PDMR, 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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ----------------------------------------------------- 
 a)   Name: Andrew Diston 
---  ----------------------------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------- 
 a)   Position/status: Group Science & Technology 
       Director 
---  ----------------------------------------------------- 
 b)   Initial notification/Amendment: Initial notification 
---  ----------------------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------- 
 a)   Name: Science Group plc 
---  ----------------------------------------------------- 
 b)   LEI: n/a 
---  ----------------------------------------------------- 
 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: GB00B39GTJ17 
---  ----------------------------------------------------- 
 b)   Nature of the transaction: Grant of share 
       options 
---  ----------------------------------------------------- 
 c)   Price(s) and volume(s): Price(s)   Volume(s) 
       ---------  ---------- 
        1p         100,000 
       ---------  ---------- 
---  ----------------------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume: 100,000 
 
 
        *    Price: GBP1,000 
---  ----------------------------------------------------- 
 e)   Date of the transaction: 2016-09-05 
---  ----------------------------------------------------- 
 f)   Place of the transaction: XLON 
---  ----------------------------------------------------- 
 

- Ends -

For further information:

 
 Science Group plc 
 Martyn Ratcliffe, Chairman          Tel: [phone] 
                                               875 200 
 Rebecca Hemsted, Finance Director 
 
 
 Numis Securities Limited 
 Nominated Adviser: Simon Willis   Tel: +44 (0) 20 
  / Paul Gillam                          7260 1000 
 Corporate Broking: Michael 
  Burke 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHDBGDCLUGBGLU

(END) Dow Jones Newswires

September 06, 2016 02:01 ET (06:01 GMT)