TIDMPRV

RNS Number : 2565D

Porvair PLC

27 January 2015

 
 For immediate release    27 January 2015

Porvair plc

("Porvair" or the "Company")

Directors' Shareholdings and Issue of Equity

On 26 January 2015, 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 Shares  Purchase price 
                                                          traded 
Ben Stocks                CEO             Sale                160,000         298.49p 
Chris Tyler        Finance Director       Sale               131, 000         298.49p 
                     Non-executive 
Dr Raj Rajagopal        Director        Purchase               15,000         302.875

In the case of Ben Stocks and Chris Tyler such Share sales relate to planned exercise of the following options under the Company's Share option schemes due to take place on 2 February 2015. Hence these Shares will not be issued and the trades settled until such date. 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. The options to be exercised on 2 February 2015 are:

 
Director          Scheme   Year of grant  Exercise price  Options exercised 
Ben Stocks     LTSP 2008            2011              2p            260,000 
Chris Tyler    LTSP 2008            2011              2p            181,000

Following completion of the above exercise of option shares and trades, Ben Stocks' holding will increase to 603,427 Shares, Chris Tyler's holding will increase to 392,450 Shares and Dr Rajagopal will have15,000 Shares representing 1.35%, 0.88% and 0.03% respectively of the total issued Shares. Following the issue of the new Shares, the Company will have 44,804,331 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 44,804,331. 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, Steph Watson

Peel Hunt LLP 020 7418 8900

Daniel Harris

This information is provided by RNS

The company news service from the London Stock Exchange

END

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