Asahi shares mark weekly slide after cyberattack halts production
LONDON - SDI Group plc (AIM:SDI), a company focused on scientific and industrial equipment, announced Thursday it has granted share option awards to its executive directors and issued new shares following an employee option exercise.
The company granted two types of share option awards to its executives on September 24. Chief Executive Officer Stephen Brown received 312,121 performance-based LTIP awards vesting in September 2028 and 191,287 deferred bonus awards vesting in September 2026. Chief Financial Officer Amitabh Sharma received 267,070 LTIP awards and 163,614 deferred bonus awards with the same respective vesting dates.
The deferred bonus awards, granted under the company’s Long Term Incentive Plan 2025, have an exercise price of 1 pence per share and will be exercisable one year from the grant date with no performance conditions.
The performance-based LTIP awards also carry an exercise price of 1 pence per share but are exercisable three years from grant, subject to continued service and performance conditions measured over a three-year period. These conditions are linked to the company’s growth in earnings per share and total shareholder return.
Additionally, SDI Group issued and allotted 21,800 new ordinary shares following an exercise of approved options by an employee. The company has applied for these shares to be admitted to trading on AIM, with trading expected to commence on September 26.
Following the admission of these new shares, SDI Group’s total number of ordinary shares in issue will be 104,573,126.
The information is based on a press release statement from the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.