REG - Flowtech Fluidpower - Director Share Option Award

Flowtech FluidpowerAnnouncement

30/10/2019 09:35

RNS Number : 6124R
Flowtech Fluidpower PLC
30 October 2019
 


 
 
 
 
 
 
 
 



 Flowtech Fluidpower PLC
("Flowtech" or the "Company")
 
Director Share Option Award
 



 
Flowtech Fluidpower plc, the UK's leading specialist supplier of technical fluid power products, announces that it has granted an option over ordinary shares of 50 pence each in the Company ("Ordinary Shares") on 25 October 2019 to Russell Cash, Chief Financial Officer of Flowtech, pursuant to the rules of the Unapproved Sub-Plan to the Flowtech Fluidpower plc Enterprise Management Incentive Plan.
 
The award provides an option to acquire a total of 150,000 Ordinary Shares at an exercise price of 50 pence per Ordinary Share. The option is exercisable upon publication of the Company's accounts for the financial period to 31 December 2021 and is not subject to the achievement of any performance criteria.
 
Following this transaction, Mr. Cash also remains interested in 28,570 Ordinary Shares, representing approximately 0.05 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
 
 


Russell Cash




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Chief Financial Officer/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
 
 


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
 
 


Grant of option over ordinary shares




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















50 pence


150,000






























d)
 


Aggregated information


















- Aggregated volume


N/A - single transaction














- Price


















e)
 


Date of the transaction
 
 


25 October 2019




f)
 


Place of the transaction
 
 


Off market



 



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



















































 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHZMMFGLGRGLZG