Source - RNS
RNS Number : 5355T
Porvair PLC
13 October 2017
 

FOR IMMEDIATE RELEASE                                                                  13 October 2017

 

 

Porvair plc ("Porvair" or the "Company")

Director's Shareholding and Issue of Equity

The Company was notified on 11 October 2017 of the following exercise of Save As You Earn options ("SAYE") over ordinary shares of 2 pence each in the Company ("Ordinary Shares").

Director

Scheme

Year of grant

Exercise price

Options exercised

Ben Stocks

SAYE

2014

240p

7,500

On the same day, the Company was notified that Ben Stocks, Group CEO had sold the following Ordinary Shares arising from the exercise. 

Director

Transaction


Price

Number

Ben Stocks

Sale


489p

7,500






Following these dealings, Ben Stocks's holding in the Company remains at 698,078 Ordinary Shares, representing approximately 1.5 per cent. of the Company's issued share capital.

Arising from exercises of options relating to the SAYE scheme, the Company has issued 114,390 new Ordinary shares.  The Company currently has 45,635,925 Ordinary Shares in issue. There are no Ordinary Shares held in treasury. Therefore, as at today's date, the total number of voting rights in the Company is 45,635,925. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

Porvair plc

01553 765 500

Chris Tyler, Group Finance Director




 

Notes to Editors

Porvair is a group of specialist filtration and environmental technology businesses.  Its businesses design and manufacture a range of bespoke consumable filtration products that are used in a range of niche filtration markets.  Its principal markets are aviation, energy and industrial process, environmental laboratories and non-ferrous metals.



 

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

 

1.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Ben Stocks

2.         

Reason for the notification

a.         

Position/status

CEO

b.         

Initial notification

/Amendment

Initial notification

3.         

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.         

Name

Porvair plc

b.         

LEI


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

Ordinary shares of 2p

 

 

GB0006963689

b.         

Nature of the transaction

 

Exercise of SAYE share options

 

Sale of ordinary shares

 

c.         

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£2.40

7,500

£4.89

7,500

d.         

Aggregated information

·      Aggregated volume

·      Price

 

 

As above

e.         

Date of the transaction

2017-10 -11

f.         

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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