Scholium Group PLC Grant of Share Options & PDMR dealing (2004D)

TIDMSCHO

RNS Number : 2004D

Scholium Group PLC

19 June 2023

19 June 2023

Scholium Group plc

("Scholium" or the "Company")

Grant of Share Options & PDMR dealing

Scholium Group Plc, the leading dealer in antiquarian books and modern classic art, announces that it has granted options on 16 June 2023 under the Company's Enterprise Management Incentive Share Option Scheme ("EMI Option Scheme") over a total of 1,000,000 ordinary shares of 1 pence in the Company ("Option Shares") to certain employees.

700,000 of these Option Shares have been granted to Directors as per the table below:

 
 Name               Title       Number of Option 
                                 Shares 
 Bernard Shapero    CEO         400,000 
                   ----------  ----------------- 
 David Harland      Chairman    200,000 
                   ----------  ----------------- 
 Philip Tansey      CFO         100,000 
                   ----------  ----------------- 
 

The Option Shares have an exercise price of 37.5p per share (being the closing mid-market share price on 16 June 2023), vest over the three years from the date of grant (ensuring the employees remain in continuous employment within the Group) and once vested, are exercisable at any time up to ten years after the date of grant.

The remaining 300,000 Option Shares have been granted to members of staff.

Graham Noble, Independent Director and head of the Remuneration Committee, commented:

"As the Company continues onto a more sustainable and profitable path, it is crucial that we align the interests of all members of the Scholium team with shareholders. The EMI Options Scheme was established to incentivise management and staff to increase shareholder value over the long term and the Remuneration Committee is keen to ensure that remuneration for the Company's senior team and employees will be effective, fair and motivate them to deliver success for the Company and its shareholders."

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

The person responsible for arranging the release of this announcement on behalf of the Company is Philip Tansey, Chief Financial Officer of the Company.

For further information please visit www.scholiumgroup.com or contact:

 
            Scholium Group plc 
             David Harland, Chairman 
             Philip Tansey, Chief Financial 
             Officer                           [phone] 
 WH Ireland Ltd - Nominated 
  Adviser 
  Chris Fielding 
  Enzo Aliaj                                   [phone] 
 
 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                         Bernard Shapero 
     ---------------------------  ------------------------------------------ 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status              CEO 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification/        Initial Notification 
       Amendment 
     ---------------------------  ------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                         Scholium Group Plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          213800X174X5ARSGSN91 
     ---------------------------  ------------------------------------------ 
      Details of the transaction(s): section to be repeated for (i) 
  4    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           Ordinary shares of 1p each 
       financial instrument, 
       type of instrument           GB00BJYS2173 
       Identification code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Grant of Options under the Company's EMI 
                                    Options Scheme 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)         Price(s)   Volume(s) 
                                      37.5p      400,000 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information 
       - Aggregated volume           400,000 
       - Price                       GBP150,000 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      16 June 2023 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ------------------------------------------ 
 
 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                         David Harland 
     ---------------------------  ------------------------------------------ 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status              Chairman 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification/        Initial Notification 
       Amendment 
     ---------------------------  ------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                         Scholium Group Plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          213800X174X5ARSGSN91 
     ---------------------------  ------------------------------------------ 
      Details of the transaction(s): section to be repeated for (i) 
  4    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           Ordinary shares of 1p each 
       financial instrument, 
       type of instrument           GB00BJYS2173 
       Identification code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Grant of Options under the Company's EMI 
                                    Options Scheme 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)         Price(s)   Volume(s) 
                                      37.5p      200,000 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information 
       - Aggregated volume           200,000 
       - Price                       GBP75,000 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      16 June 2023 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ------------------------------------------ 
 
 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                         Philip Tansey 
     ---------------------------  ------------------------------------------ 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status              Chairman 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification/        Initial Notification 
       Amendment 
     ---------------------------  ------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                         Scholium Group Plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          213800X174X5ARSGSN91 
     ---------------------------  ------------------------------------------ 
      Details of the transaction(s): section to be repeated for (i) 
  4    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           Ordinary shares of 1p each 
       financial instrument, 
       type of instrument           GB00BJYS2173 
       Identification code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Grant of Options under the Company's EMI 
                                    Options Scheme 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)         Price(s)   Volume(s) 
                                      37.5p      100,000 
                                                ---------- 
     ---------------------------  ------------------------------------------ 

 d)   Aggregated information 
       - Aggregated volume           100,000 
       - Price                       GBP37,500 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      16 June 2023 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ------------------------------------------ 
 

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June 19, 2023 11:30 ET (15:30 GMT)