REG - Flowtech Fluidpower - Director/PDMR Shareholding

Flowtech FluidpowerAnnouncement

01/02/2024 10:45

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RNS Number : 7162B  Flowtech Fluidpower PLC  01 February 2024

 NEWS RELEASE

 Issued on behalf of Flowtech Fluidpower plc

 Immediate Release

 Thursday, 1 February 2024

 

 

 

Flowtech Fluidpower plc

("Flowtech," the "Group" or "the Company")

 

Our aim is to provide our customers with power, motion & control
solutions, from a single component to integrated engineering systems, in the
most cost-effective way, harnessing the best global brands & products,
services and engineers in the market.

 

 

 

PDMR - Director Dealings

 

Flowtech Fluidpower plc has been notified of the following purchases of
ordinary shares in the Company by PDMRs on 31 January 2024:

 

                                       Ordinary Shares  Resultant Number of  Resultant Percentage

                                       Purchased        Ordinary Shares      Holding in the Company
 Roger McDowell, Non-executive Chair   32,000           1,082,000            1.76%
 Jamie Brooke, Non-executive Director  30,000           240,000*             0.39%*

 

*Note: resultant holding shown is for Jamie Brooke and his PCA, Annabel
Brooke.

 

The notifications below are 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                                                         Roger McDowell
 2    Reason for the notification
 a)   Position/status                                              Chairman / 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)
                                                                                     80.75p            32,000
 d)   Aggregated information                                       N/A

      - Aggregated volume
      - Weighted average price
 e)   Date of the transaction                                      31 January 2024
 f)   Place of the transaction                                     XLON

 

 

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                                                         Jamie Brooke
 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)

                                                                                     79.9547p          6,000
                                                                                     80.00p            8,000
                                                                                     80.5p             10,000
                                                                                     81.0p             6,000
 d)   Aggregated information

      - Aggregated volume                                          30,000
      - Weighted average price                                     80.3576p
 e)   Date of the transaction                                      31 January 2024
 f)   Place of the transaction                                     XLON

 

 

 

 Enquiries:
 Flowtech Fluidpower plc

 Russell Cash, Chief Financial Officer & Company Secretary

 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, we provide customers with power, motion &
 control solutions, from a single component to integrated engineering systems,
 in the most cost-effective way, harnessing the best global brands &
 products, services and engineers in the market.  We operate across three
 regions in Great Britain, Island of Ireland, and The Benelux as well as
 serving customers around the world.  Flowtech joined the AIM market in
 2014.  To read more about the Group please visit: www.flowtechfluidpower.com
 (http://www.flowtechfluidpower.com) .

 

 OUR PURPOSE | To provide power and motion solutions, keeping industry moving
 and creating a more sustainable world.

 OUR VISION | To be the trusted adviser and solutions partner in a world of
 motion.

 The value we create for our customers

 Flowtech works across all industry sectors serving the needs of customers who
 are designing, building, maintaining and improving industrial plant, equipment
 and operations.

 We add value by being a technical specialist and trusted adviser to
 Maintenance, Repair & Operations (MRO) customers, Original Equipment
 Manufacturers (OEMs) and through our long-standing Distributor Partner
 channels.  We provide essential technical products combined with a broad
 range of specialist engineering services across the world of Power, Motion
 & Control.

 Easy access to the widest Technical Product range

 We stock over 75,000 Power, Motion & Control products including hydraulic
 and pneumatic consumables and trade through our channels including E-commerce
 Websites, Central Sales, Technical and Customer Support teams and through our
 localised Engineering Centres across GB, Ireland and Benelux.  We partner and
 distribute for the world's largest power, motion and control brands and have
 access to over 0.5 million technical products through over 2,000 leading
 suppliers.  We provide a market leading quality own brand offering
 complementing our branded supplier portfolio.

 Market Leading Distributor Partner Programme

 We operate a leading Distributor Partners Programme supplying our wide range
 of Products and Engineering Services through our strategic network of
 Distributors and Service Providers giving them the support they need to
 service their end-customers.  This is enabled by our tried and tested white
 label catalogue, E-commerce and fulfilment business model.

 Engineered Systems and Solutions

 We supply specialist technical Power, Motion & Control components &
 systems with our core being centred around pneumatics and hydraulic industrial
 and mobile applications.  This includes bespoke design, manufacturing,
 commissioning, installation, and servicing of systems to manufacturers of
 specialised industrial and mobile OEMs, and additionally a wide range of
 industrial end users.  From a simple technical system build such as a
 Hydraulic Power Pack to the repair of pumps, values and cylinders through to
 site-based diagnostics and services to fully integrated turn-key solutions, we
 have a strong engineering pedigree at our core making us the trusted adviser
 and solutions partner for our customers.

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

 

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