REG - Elektron Technology - Director/PDMR Shareholding <Origin Href="QuoteRef">EKT.L</Origin>
RNS Number : 5466UElektron Technology PLC19 January 2017Elektron Technology plc
("Elektron" or the "Company")
Director / PDMR Shareholding
Elektron Technology plc announces that on 18 January 2017 Keith Daley exercised his Market Value Option to acquire shares in the Company granted by the Trustee on 28 July 2016, in part, at an exercise price equal to the mid-market price of the Company's shares at close of business on 17 December 2017 being 7.625p.
The resulting shares and options held by Keith Daley following the above transaction are as follows:
Keith Daley
Shares
21,710,516 (11.67%)
Market Value Options
541,500
Options awarded under LTIP
Nil
Following the above transactions the Elektron Technology plc 2012 Employee Benefit Trust is interested in 8,283,650 ordinary shares in the capital of the Company, representing 4.45% of the Company's issued share capital.
For further information:
Elektron Technology www.elektron-technology.com
+44 (0) 1223 371 000
Andy Weatherstone - Chief Financial Officer
finnCap (Nominated Adviser and Broker)
+44 (0)20 7220 0500
Ed Frisby/Scott Mathieson (Corporate Finance)
Malar Velaigam (Corporate Broking)
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulations and set out more details of the transactions.
1.
Details of PDMR
(a)
Name
Keith Daley
2.
Reason for notification
(b)
Position / status
Chairman
(c)
Initial notification / amendment
Initial notification
3.
Details of the Issuer
(a)
Name
Elektron Technology plc
(b)
LEI
n/a
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 transaction(s) have been conducted
(a)
Description of the financial instrument
Ordinary shares of 5p each
(b)
Nature of the transaction
Exercise of an option to acquire shares
(c)
Price(s) and volume
1,000,000 ordinary shares @ 7.625p each
(d)
Aggregated information
N/A
(e)
Date of the transaction
18 January 2017
(f)
Place of the transaction
Outside a trading venue
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHVVLFFDFFBBBF
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