REG - Flowtech Fluidpower - Director/PDMR Shareholding

Flowtech FluidpowerAnnouncement

22/04/2021 07:00

RNS Number : 2354W
  
Flowtech Fluidpower PLC
  
22 April 2021
  
 

 
 
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
 
 
FLOWTECH FLUIDPOWER PLC
("Flowtech" or the "Company")
Director / PDMR Shareholding
 
 
Flowtech Fluidpower plc, the UK's leading specialist supplier of technical fluid power products, announces that it has been notified that Roger McDowell, Non-Executive Chair of Flowtech, has purchased a total of 750,000 ordinary shares of 50 pence each in the Company ("Ordinary Shares") on 21 April 2021 at a price of 100 pence per Ordinary Share via his SIPP. 
 
Following this transaction, Mr. McDowell has an interest in 750,000 Ordinary Shares, representing approximately 1.22 per cent. of the Company's issued Ordinary Share Capital. 
 
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
 
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 


Roger McDowell




2 


Reason for the notification 




a) 


Position/status 


Non-Executive Chair




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














Identification code 


GB00BM4NR742














b) 


Nature of the transaction 


Purchase of ordinary shares




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















100p


750,000






























d) 
 


Aggregated information 








- Aggregated volume


750,000 shares




- Price


100p each
 




e) 


Date of the transaction 


21 April 2021




f) 


Place of the transaction 


London Stock Exchange, AIM



 
 
 
Enquiries to:
Flowtech Fluidpower plc
Bryce Brooks, Chief Executive Officer
Russell Cash, Chief Financial Officer
Tel: +44 (0) 1695 52796
Email info@flowtechfluidpower.com
 
LSE: AIM symbol FLO
 
Zeus Capital Limited (Nominated Adviser and Broker)
Andrew Jones, Kieran Russell (corporate finance)
Dominic King, John Goold (sales & broking)
Tel: +44 (0) 161 831 1512
 
finnCap Limited (Joint Broker)
Ed Frisby, Kate Bannatyne (Corporate Finance)
Rhys Williams, Andrew Burdis (Sales & Broking)
Tel: + 44 (0) 20 7220 0500
 
TooleyStreet Communications (IR and media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523 or email: fiona@tooleystreet.com
 
 
 
 
 
 
 
 

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