Issue of share options and PDMR dealing
Science Group plc (AIM:SAG) announces that on 12 August 2016 the Company granted options (“Options”) over 385,000 ordinary shares in its share capital to 31 employees of the group 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 2016-2018. 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.
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.