5 November 2026
Image Scan Holdings plc
("Image Scan", the "Company" or the "Group")
Issue of Share Options
Image Scan Holdings plc (AIM: IGE), the AIM-quoted specialist provider of X-ray screening systems and security inspection technologies, announces that it has granted options over an aggregate of 3,075,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") (the "Options") to certain directors and employees of the Group.
The grant follows a review of the Company's existing share option arrangements, under which substantially all previously granted options have now lapsed. The Options are intended to align the interests of directors and employees with those of shareholders and to assist with the retention and incentivisation of key employees.
The exercise price of the Options is 3.45 pence per Ordinary Share, being the closing market price of an Ordinary Share on 4 November 2026, the dealing day immediately preceding the date of grant.
The Options granted to directors are as follows:
Director | Position | Number of Options |
Vince Deery | Chief Executive Officer | 2,000,000 |
Sarah Atwell-King | Chief Financial Officer and Company Secretary | 500,000 |
Total directors | 2,500,000 |
A further 575,000 Options have been granted to other employees of the Group.
The Options granted to the directors are not subject to performance conditions and will vest three years following the date of grant, subject to the terms of the relevant share option plan and continued employment. The Options will expire on the fifteenth anniversary of the date of grant, to the extent not previously exercised or lapsed.
Following the grant, the Company will have options outstanding over a total of 3,925,000 Ordinary Shares, representing approximately 2.9% of the Company's existing issued ordinary share capital.
The notifications below, made in accordance with Article 19 of the UK Market Abuse Regulation, provide further details in relation to the grants to Vince Deery and Sarah Atwell-King.
-ENDS-
Image Scan Holdings plc Tel: +44 (0) 1509 817400
Vincent Deery CEO
Sarah Atwell-King, CFO & Company Secretary
Zeus - Nominated Advisor and Corporate Broker Tel: +44 (0)203 829 5000
Mike Coe (Investment Banking)
ABOUT IMAGE SCAN HOLDINGS PLC
Image Scan Holdings plc is a UK-based technology group specialising in security, defence and industrial X-ray imaging and sensing solutions. Through its 3DX-Ray brand, the Group designs, manufactures and supplies X-ray inspection systems used worldwide by military, law enforcement, bomb disposal and security organisations to detect threats and support counter-terrorism operations.
Following the acquisition of ClanTect Ltd, the Group has expanded its technology portfolio to include human presence detection systems. ClanTect's products are deployed at secure facilities, critical infrastructure sites and border crossings to detect concealed individuals within vehicles and enhance perimeter security.
All these products are taken to market across the world through a strong network of international partners.
In addition, Image Scan manufactures industrial X-ray inspection systems. The primary market for these systems is in automotive emissions control where they are used for quality control inspection of catalytic converters and diesel particulate filters.
For further information on the Company, please visit: www.ish.co.uk - and for further information on its products, please visit: www.3dx-ray.com
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name |
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2 | Reason for the notification | ||||||||||
a) | Position/status |
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b) | Initial notification /Amendment | Initial notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | IMAGE SCAN HOLDINGS PLC | |||||||||
b) | LEI | 213800DOY65DJDUDJP88 | |||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares ISIN: GB0031410581 | |||||||||
b) | Nature of the transaction | Issue of Options | |||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Exercise Price | 2,500,000 3.45p | |||||||||
e) | Date of the transaction | 5 November 2026 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||
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