Porvair PLC Director's Shareholding and Issue of Equity (5355T)
October 13 2017 - 5:00AM
UK Regulatory
TIDMPRV
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 Exercise price Options exercised
grant
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 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 Ordinary shares of 2p
of the
Financial
instrument, GB0006963689
type
of instrument
Identification
code
--- ------------------------------ -----------------------------------
b. Nature of
the transaction Exercise of SAYE share options
Sale of ordinary shares
--- ------------------------------ -----------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
GBP2.40 7,500
---------- ----------
GBP4.89 7,500
---------- ----------
--- ------------------------------ -----------------------------------
d. Aggregated
information As above
* Aggregated volume
* Price
--- ------------------------------ -----------------------------------
e. Date of the 2017-10 -11
transaction
--- ------------------------------ -----------------------------------
f. Place of London Stock Exchange, Main Market
the transaction (XLON)
--- ------------------------------ -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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