Exercise of Options and Director Dealing
Judges Scientific plc
("Judges Scientific", "Judges", the "Company" or the "Group")
Exercise of Options and Director dealing
The Company has today issued 20,000 new ordinary shares of 5p each in the Company ("Ordinary Shares") pursuant to the exercise of options at a price of £14.38 under the Company's Unapproved Share Option Scheme. The new Ordinary Shares are being issued under the Company's current blocklisting.
The options were exercised by the Group Finance Director, Brad Ormsby. They were granted when he joined the Company in April 2015. He has today also sold 19,000 Ordinary Shares at £49.75 per Ordinary Share, partially to finance the cost of exercising the options, the resulting income tax and employer's National Insurance liabilities.
Following the exercise and sale, Brad Ormsby's holding in the Company has increased by 1,000 Ordinary Shares and therefore his resulting interest in the Company has increased to 3,680 Ordinary Shares representing 0.06 per cent. of the issued Ordinary share capital. In addition, he holds remaining options of 10,000 Ordinary Shares under the Company's Unapproved Share Option Scheme.
Following the allotment of these shares, the enlarged issued Ordinary share capital will be 6,246,091 Ordinary Shares.
For further information please contact:
David Cicurel, CEO
Brad Ormsby, Group FD
Tel: +44 (0) 20 3829 6970
Shore Capital (Nominated Adviser & Broker)
Tel: +44 (0) 20 7408 4090
Liberum (Joint Broker)
Alma PR (Financial Public Relations)
Tel : +44 (0) 20 3100 2222
Tel: +44 (0) 20 3865 4219
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Group Finance Director
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Judges Scientific plc
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
Description of the financial instrument, type of instrument
Ordinary shares in Judges Scientific plc
Nature of the transaction
Exercise of options and subsequent sale of shares
Price(s) and volume(s)
- Aggregated volume
N/A (two separate single transactions
Date of the transaction
Place of the transaction
London Stock Exchange, AIM Market (XLON)
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