RNS Number : 8260A
Judges Scientific PLC
24 January 2024

Judges Scientific plc

("Judges Scientific" or the "Company")

Grant of Options

Judges Scientific announces that it has issued options over 13,200 new ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an exercise price per share of £95.00, being the closing mid price on 23 January 2024.

13,200 options have been awarded in total by the Remuneration Committee to certain of the Directors, as shown in the table below, to retain and incentivise them. Vesting of the options after three years is subject to the achievement of 5% compound growth in adjusted earnings per share over the vesting period, and to continued employment.

Director

Number of options

Option Scheme

Vesting date

Expiry date

David Cicurel

4,400

Unapproved

23/01/2027

22/01/2034

Brad Ormsby

4,400

Unapproved

23/01/2027

22/01/2034

Mark Lavelle

4,400

Unapproved

23/01/2027

22/01/2034

- Ends -

- For further information please contact:

Judges Scientific plc

David Cicurel, CEO

Brad Ormsby, CFO

Tel: +44 (0) 20 3829 6970

Shore Capital (Nominated Adviser & Joint Broker)

Stephane Auton

Iain Sexton

Tel: +44 (0) 20 7408 4090


Liberum (Joint Broker)

Edward Mansfield

Nikhil Varghese

Tel : +44 (0) 20 3100 2222

Investec Bank plc (Joint Broker)

Virginia Bull

Carlton Nelson

Tel: +44 (0) 207 597 4000


Alma (Financial Public Relations)

Sam Modlin

Rebecca Sanders-Hewett

Joe Pederzolli

Tel: +44 (0) 20 3405 0205

judges@almastrategic.com







Notes to editors:

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector. The Group consists of 22 businesses acquired since 2005.

The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, scientific research facilities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen's Awards for innovation and export.

The Group's companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash. Shareholder returns are created through the reduction of debt, organic growth and dividends.

For further information, please visit www.judges.uk.com


Judges Scientific plc

Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Cicurel

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Judges Scientific plc

b)

LEI

2138004EXWWPTW1JOL31

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

Identification code

Ordinary shares in Judges Scientific plc

GB0032398678

b)

Nature of the transaction

Grant of Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

9500.0p

4,400


d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

23/01/24

f)

Place of the transaction

Off market

Judges Scientific plc

Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bradley Ormsby

2

Reason for the notification

a)

Position/status

Group Finance Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Judges Scientific plc

b)

LEI

2138004EXWWPTW1JOL31

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

Identification code

Ordinary shares in Judges Scientific plc

GB0032398678

b)

Nature of the transaction

Grant of Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

9500.0p

4,400


d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

23/01/24

f)

Place of the transaction

Off market

Judges Scientific plc

Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Lavelle

2

Reason for the notification

a)

Position/status

Chief Operating Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Judges Scientific plc

b)

LEI

2138004EXWWPTW1JOL31

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

Identification code

Ordinary shares in Judges Scientific plc

GB0032398678

b)

Nature of the transaction

Grant of Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

9500.0p

4,400


d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

23/01/24

f)

Place of the transaction

Off market

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