PRV Porvair Plc

TIDMPRV

RNS Number : 6373N

Porvair PLC

01 February 2016

Porvair plc

("Porvair" or the "Company")

Directors' Shareholdings and Issue of Equity

On 29 January 2016, the Company was notified that on such date, the Directors undertook the following trades in ordinary shares of 2p each in the share capital of the Company ("Shares"):

 
Director       Position   Transaction     Number of     Sale price 
                                         Shares traded 
Ben Stocks       CEO          Sale             131,600     287.82p 
               Finance 
Chris Tyler    Director       Sale              86,600     287.82p 
 

The Share sales relate to exercise of the following options under the Company's share option schemes on 1 February 2016. In each case the Shares were sold in order to meet the cost of exercise, the personal taxation liabilities arising on the options and certain other financial commitments.

 
Director          Scheme   Year of  Exercise     Options 
                             grant     price   exercised 
Ben Stocks     LTSP 2008      2013        2p     181,600 
Chris Tyler    LTSP 2008      2013        2p     121,600 
 
 

Following the above exercise of option shares and trades, Ben Stocks' holding has increased to 659,487 Shares and Chris Tyler's holding has increased to 432,450 Shares representing 1.46% and 0.96% respectively of the total issued Shares.

Following the issue of the new Shares, the Company will have 45,131,752 Shares in issue. There are no Shares held in treasury. Therefore, the total number of voting rights in the Company following the issue of the new Shares is 45,131,752. The above 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 
 Ben Stocks, Chief Executive 
 Chris Tyler, Group Finance 
  Director 
 
 Buchanan Communications        0207 466 5000 
 Charles Ryland 
 

Peel Hunt LLP 020 7418 8900

Daniel Harris

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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