Exercise of share options
Science Group announces that it has been notified by Martyn Ratcliffe (the "Seller") that, following the announcement earlier today, he has successfully sold a total of 2,000,826 ordinary shares in the Company ("Sale Shares") at a price of 240 pence per Sale Share (the "Sale"). The Sale Shares in aggregate represent approximately 4.8% of the Company's issued share capital excluding treasury shares.
Martyn Ratcliffe will continue to have an interest in approximately 27.25% of the issued share capital of the Company. Martyn Ratcliffe has also undertaken not to dispose of any further ordinary shares for a period of 12 months after completion of the Sale (subject to customary exceptions).
The Company was not a party to the Sale and will not receive any proceeds from the Sale.
Exercise of share options
Science Group also announce that on 30 September 2020 it issued 253,275 treasury shares at a price of 240 pence per share following the exercise of share options by certain employees. As part of this transaction:
- Dan Edwards, Director, acquired 75,000 ordinary shares in the Company at a price of 1 pence per share. On the same day, Dan Edwards subsequently disposed of 40,000 ordinary shares in the Company at a price of 240 pence per share.
- Rebecca Archer, Director, acquired 25,000 ordinary shares in the Company at a price of 1 pence per share. On the same day, Rebecca Archer subsequently disposed of 40,000 ordinary shares in the Company at a price of 240 pence per share.
- Sarah Cole, PDMR, acquired 25,000 ordinary shares in the Company at a price of 1 pence per share. On the same day, Sarah Cole subsequently disposed of 25,000 ordinary shares in the Company at a price of 240 pence per share.
The total number of ordinary shares in issue (excluding treasury shares) following this announcement is 41,871,813. Science Group holds 190,223 shares in treasury. The total number of voting rights in the Company following this announcement is 41,767,412.
The figure of 41,767,412 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 Company, under the FCA's Disclosure and Transparency Rules.
As a result of these transactions, the following directors’ shareholdings as a percentage of the total issued share capital of the Company (excluding those shares held in treasury) have changed as follows:
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