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LONDON - Science Group plc (AIM:SAG) issued 314,334 treasury shares at 1 pence per share on Tuesday to settle the exercise of share options, according to a company statement released Wednesday.
As part of the transaction, three company executives exercised options and subsequently sold shares at 535 pence each. Group Managing Director Dan Edwards acquired and then sold 20,000 shares, while Group Finance Director Jon Brett purchased 25,000 shares and sold 22,000, retaining 3,000 shares.
Group Legal Counsel & Company Secretary Sarah Cole, identified as a Person Discharging Managerial Responsibilities (PDMR), acquired and sold 10,000 shares.
Following these transactions, Brett now holds 5,000 ordinary shares, representing 0.01% of the company’s total voting rights. The beneficial interests of other directors remain unchanged.
The company reported that the total number of ordinary shares in issue is now 44,294,842, excluding the 1,891,032 shares held in treasury. This figure may be used by shareholders as the denominator for calculations to determine if they need to notify their interest in the company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
The information was disclosed in accordance with regulatory requirements for transactions by persons discharging managerial responsibilities and their closely associated persons.
The article is based on a press release statement from Science Group plc.
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