Grant of share options

23 October, 2015

Science Group plc (AIM:SAG) announces that on 3 September 2015 the Company granted options (“Options”) over ordinary shares in its share capital to 29 employees of the Group.

Options over 360,000 ordinary shares have been granted to employees 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 2015-2017. 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.

25,000 options were granted to Rebecca Hemsted, the Company’s Finance Director, as part of the above award. Save for the above, the Directors’ beneficial interests in the share capital of the Company remain unchanged and as previously announced. Following the grant, Rebecca Hemsted’s interest in the Company comprises 175,000 options over ordinary shares.

Science-Group-SAG-Grant-of-Options-23.10.15

 

For further information:

 

Science Group plc

Martyn Ratcliffe, Chairman

Rebecca Hemsted, Finance Director

Tel: +44 (0)1223 875 200

www.sciencegroup.com

 

Numis Securities Limited

Nominated Adviser: Oliver Cardigan / Simon Willis

Corporate Broking: James Serjeant

Tel: +44 (0)20 7260 1000

 

Media enquiries:
Abchurch

Jamie Hooper

jamie.hooper@abchurch-group.com

Tel: +44 (0)20 7398 7719

www.abchurch-group.com

 

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