PRV Porvair Plc

TIDMPRV

RNS Number : 4005A

Porvair PLC

24 March 2017

FOR IMMEDIATE RELEASE 24 March 2017

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

Director's Shareholding and Issue of Equity

The Company was notified on 22 March 2017 of the following exercise of options over ordinary shares of 2 pence each in the Company ("Ordinary Shares") on the same date by Chris Tyler, Group Finance Director, pursuant to the Company's SAYE Share Option Scheme.

 
Director       Scheme   Year of grant  Exercise price  Options exercised 
Chris Tyler      SAYE            2011             93p             16,586 
 

These five year SAYE options granted in 2011 were exercisable between 1 October 2016 and 31 March 2017. Following this dealing, Chris Tyler's holding in the Company has increased by 16,586 Ordinary Shares to 449,036 Ordinary Shares, representing approximately 1.0 per cent. of the Company's issued share capital.

Following the issue of the 16,586 new Ordinary Shares, the Company has 45,343,505 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 45,343,505. 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                            Christopher Tyler 
---  ------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
---  -------------------------------------------------------------------------- 
 a.   Position/status                 CFO 
---  ------------------------------  ------------------------------------------ 
 b.   Initial notification            Initial notification 
       /Amendment 
---  ------------------------------  ------------------------------------------ 
 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                  Ordinary shares of 2p 
       the 
       Financial instrument, 
       type                            GB0006963689 
       of instrument 
       Identification 
       code 
---  ------------------------------  ------------------------------------------ 
 b.   Nature of the 
       transaction                      Exercise of SAYE share options 
---  ------------------------------  ------------------------------------------ 
 c.   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                        ----------  ---------- 
                                         GBP0.93     16,586 
                                        ----------  ---------- 
---  ------------------------------  ------------------------------------------ 
 d.        Aggregated information 
             *    Aggregated volume     16,586 
 
                                        GBP0.93 
             *    Price 
---  ------------------------------  ------------------------------------------ 
 e.   Date of the transaction         2017-03-22 
---  ------------------------------  ------------------------------------------ 
 f.   Place of the                    London Stock Exchange, Main Market (XLON) 
       transaction 
---  ------------------------------  ------------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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