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Director's Shareholding and Issue of Equity

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By LSE RNS

RNS Number : 4475J
Porvair PLC
28 June 2017
 

28 June 2017

 

 

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

Director's Shareholding and Issue of Equity

The Company was notified on 27 June 2017 of the following exercise of Long Term Share Plan Share options ("LTSP") over ordinary shares of 2 pence each in the Company ("Ordinary Shares").

Director

Scheme

Year of grant

Exercise price

Options exercised

Ben Stocks

LTSP

2014

2.0p

104,880

Chris Tyler

LTSP

2014

2.0p

73,150

On the same day, the Company was notified that Ben Stocks, Group CEO, and Chris Tyler, Group Finance Director had sold the following Ordinary Shares in order to meet the cost of exercise, the personal taxation liabilities arising on the options and certain other financial commitments. 

Director

Transaction


Price

Number

Ben Stocks

Sale


£5.416

75,000

Chris Tyler

Sale


£5.416

70,000

The Company was also notified on 21 June 2017 of the following purchase on 2 June 2017 by Ben Stocks of Ordinary Shares pursuant to the Group's dividend reinvestment plan ("DRIP").

Director

Transaction


Price

Number

Ben Stocks

DRIP purchase


£6.04

2,467

Following these dealings, Ben Stocks' holding in the Company has increased by 29,880 Ordinary Shares to 698,078 Ordinary Shares, representing approximately 1.5 per cent. of the Company's issued share capital. Chris Tyler's holding in the Company has increased by 3,150 Ordinary Shares to 452,186 Ordinary Shares, representing approximately 1.0 per cent. of the Company's issued share capital.

Following the issue of the 178,030 new Ordinary Shares, the Company will have 45,521,535 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 45,521,535. 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

/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 LTSP share options

 

Sale of ordinary shares

 

c.         

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£0.02

73,150

£5.416

70,000

d.         

Aggregated information

·      Aggregated volume

·      Price

 

 

As above

e.         

Date of the transaction

2017-6-27

f.         

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

 

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

 

5.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Ben Stocks

6.         

Reason for the notification

a.         

Position/status

CEO

b.         

Initial notification

/Amendment

Initial notification

7.         

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

a.         

Name

Porvair plc

b.         

LEI


8.         

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 LTSP share options

 

Sale of ordinary shares

 

c.         

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£0.02

104,880

£5.416

75,000

d.         

Aggregated information

·      Aggregated volume

·      Price

 

 

As above

e.         

Date of the transaction

2017-6-27

f.         

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

 

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

 

9.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Ben Stocks

10.         

Reason for the notification

a.         

Position/status

CEO

b.         

Initial notification

/Amendment

Initial notification

11.         

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

a.         

Name

Porvair plc

b.         

LEI


12.         

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

 

Purchase of shares through the dividend reinvestment plan

 

 

c.         

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£6.04

2,467

d.         

Aggregated information

·      Aggregated volume

·      Price

 

 

As above

e.         

Date of the transaction

2017-6-2

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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