Issue of share options and PDMR dealing

Science Group plc (AIM:SAG) announces that on 15 May 2023 the Company granted options (“Options”) over 531,000 ordinary shares in its share capital to 60 employees of the group under the Company’s Performance Share Plan as part of the Company’s annual option grant.  As anticipated at the time of the Company’s proposed acquisition of TP Group plc, 250,000 of this Option grant were granted to key senior TP Group employees. 

486,000 of the total Options granted will 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 Earnings per Share growth targets have been met in each of the three financial years 2023-2025.  The remaining 45,000 Options will vest after five 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 five years from vesting, provided that certain Earnings per Share growth targets have been met in each of the three financial years 2023-2025.

Details of Director and other PDMR option awards are included in the disclosure notices below.  Save for the below, the Directors' beneficial interests in the share capital of the Company remain unchanged and as previously announced.