REG - Flowtech Fluidpower - Director Dealing

Flowtech FluidpowerAnnouncement

15/05/2023 07:00

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RNS Number : 3353Z  Flowtech Fluidpower PLC  14 May 2023

 NEWS RELEASE

 Issued on behalf of Flowtech Fluidpower plc

 Immediate Release

 Monday, 15 May 2023

 

 

FLOWTECH FLUIDPOWER PLC

("Flowtech" or the "Company")

Specialist full-service supplier of technical fluid power products and
services

 

PDMR: Director dealing

 

Flowtech Fluidpower plc has been notified that Stuart Watson, Non-Executive
Director, purchased a total of 8,965 ordinary shares in the Company on 12 May
2023 at an average price of 111.4 pence per ordinary share. Following the
transaction, Mr. Watson is interested in an aggregate of 8,965 ordinary shares
representing 0.01% of the Company's issued ordinary share capital.

 

The notification below is made in accordance with the requirements of the EU
Market Abuse Regulation.

 

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                                                         Stuart Watson
 2    Reason for the notification
 a)   Position/status                                              Non-Executive Director / PDMR
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Flowtech Fluidpower plc
 b)   LEI                                                          213800N68SQY5X5XS290
 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  Ordinary shares of 50 pence each ("Ordinary Shares")

      Identification code                                          ISIN: GB00BM4NR742
 b)   Nature of the transaction                                    Purchase of Ordinary Shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     111.4 pence             8,965

 d)   Aggregated information                                       N/A

      - Aggregated volume
      - Weighted average price
 e)   Date of the transaction                                      12 May 2023
 f)   Place of the transaction                                     XLON

 

 

 ENQUIRIES:
 Flowtech Fluidpower plc

 Roger McDowell, Non-Executive Chair

 Mike England, Chief Executive Officer

 Russell Cash, Chief Financial Officer

 Tel: +44 (0) 1695 52759

 Email: info@flowtechfluidpower.com (mailto:info@flowtechfluidpower.com)

 Liberum (Nominated adviser and Sole Broker)

 Richard Lindley / Ben Cryer / Will King

 Tel: +44 (0) 20 3100 2000

 TooleyStreet Communications (IR and media relations)

 Fiona Tooley

 Tel: +44 (0) 7785 703523

 or email: fiona@tooleystreet.com (mailto:fiona@tooleystreet.com)
 ABOUT FLOWTECH FLUIDPOWER PLC

 Founded as Flowtech in 1983, the Flowtech Fluidpower Group is a group of
 specialist fluid power businesses.  Working in partnership with customers and
 suppliers, we deliver essential components, customer solutions and
 high-quality servicing support to keep global industry moving.  The business
 joined the AIM market in 2014.

 To read more about the Group please visit www.flowtechfluidpower.com
 (http://www.flowtechfluidpower.com) .
 Segment:          What we do:                                                                      Locations:
 Flowtech

                   Our focus

                   Supply of both hydraulic and pneumatic consumables, predominantly through        Flowtech
                   distribution for maintenance and repair operations across all industry markets

                   but supported by supply agreements direct to a broad range of original           (Skelmersdale, Leicester, Birmingham)
                   equipment manufacturers (OEMs)

                                                                                Flowtechnology Benelux

                                                                                (Deventer)
                   Channels to market:

                   E-commerce websites, customer white label e-commerce websites,
                   70,000+catalogues, own and customer trade counters

 Fluidpower

 Group Solutions   Our focus                                                                        Primary Fluid Power Components (Skelmersdale)

                   Supply specialist technical hydraulic components & systems, predominantly        Nelson Hi-Power
                   into OEMs and end-user channels to all industry markets, supported by supply

                   agreements with a broad range of manufacturer brands                             (Dublin, Cork, Dungannon)

                                                                                                    HTL

                   Channels to market:                                                              (Ludlow)

                   Engineering collaboration through sales offices providing national and local     Hydroflex
                   coverage. In 2022 enhanced by new e-commerce capabilities

                                                                                (Brussels, Rotterdam and OudBeijerland)

                                                                                                    Derek Lane & Co

                                                                                                    (Newton Abbot)

                                                                                                    HES Tractec

                                                                                                    (Gloucester)

 Fluidpower

 Group Services    Our focus

                   Bespoke design, manufacturing, commissioning, installation, and servicing of     Primary Fluid Power Systems
                   systems to manufacturers of specialised industrial and mobile hydraulic OEMs,

                   and additionally a wide range of industrial end users.  Capital project-based    (Knowsley)
                   revenue.

                                                                                Branch Hydraulic Systems

                                                                                (Gloucester)
                   Channels to market:

                                                                                HES Onsite
                   In-house design and build, combined with on-site installation, servicing and

                   support                                                                          (Leeds, Gloucester)

                                                                                                    Orange County

                                                                                                    (Spennymoor)

                                                                                                    Hi Power Transport

                                                                                                    (Dublin, Cork, Belfast)

 All the Group's divisions have overlapping product sets, allowing procurement
 synergies to be maximised.  The above segments are supported by a centralised
 back-office teams based at Skelmersdale and Wilmslow sites in the UK. In
 total, the business employs 572 people.

 For more information please visit,  Our business | Flowtech Fluidpower plc
 (https://www.flowtechfluidpower.com/our-business/)

 

 

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