REG - Flowtech Fluidpower - PDMR - Director share dealing

Flowtech FluidpowerAnnouncement

30/09/2024 07:00

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RNS Number : 1226G  Flowtech Fluidpower PLC  30 September 2024

 

 NEWS RELEASE

 Issued on behalf of Flowtech Fluidpower plc

 Monday, 30 September 2024

 Immediate Release

 

 

 

 

FLOWTECH FLUIDPOWER PLC

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

 

"a world of motion"

Everything we do at Flowtech is focused on keeping business moving, whether
that's supplying a product or designing and building a complex engineering
solution. Our vision is to be the trusted advisor in a world of motion.

 

PDMR - Director Dealings

 

 

Flowtech Fluidpower plc has been notified of the following purchases of
ordinary shares in the Company by Non-Executive Chair Roger McDowell

on 27 September 2024:

 

                                      Ordinary Shares  Resultant Number of  Resultant Percentage

                                      Purchased        Ordinary Shares      Holding in the Company
 Roger McDowell, Non-Executive Chair  50,000           1,132,000            1.8%

 

 

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)
                                                                                                  90 pence per Ordinary Share      10,000

                                                                                                  89.49 pence per Ordinary Share   40,000

 d)                Aggregated information                                       N/A

                   - Aggregated volume
                   - Weighted average price
 e)                Date of the transaction                                      27 September 2024
 f)                Place of the transaction                                     XLON

 FURTHER ENQUIRIES TO:

 Flowtech Fluidpower plc

 Russell Cash, Chief Financial Officer & Company Secretary

 Tel: +44 (0) 1695 52759

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

 Panmure Liberum Limited (Nominated adviser and joint broker)

 Richard Lindley, Director Investment Banking

 Will King, Assistant Director, Investment Banking

 Tel: +44 (0) 20 3100 2000

 Singer Capital Markets (Joint broker)

 Tom Salvesen, Head of Investment Banking

 James Todd, Associate, Investment Banking

 Tel: +44 (0) 207 496 3000

 TooleyStreet Communications (IR and media relations)

 Fiona Tooley

 Tel: +44 (0) 7785 703523 or email: fiona@tooleystreet.com
 (mailto:fiona@tooleystreet.com)

 EDITORS NOTE:

 Flowtech Fluidpower plc (AIM:FLO), is the largest supplier of fluid power
 products, systems and solutions in the UK, Ireland, and Benelux. As a
 specialist we have the expertise and experience our customers need to help
 them minimise downtime, optimise performance and maximise the lifespan of
 operations. Today, the Company is a strong market leader in a highly
 fragmented £30bn European market. We work across virtually all industry
 sectors, serving the needs of our customers who are designing, building,
 maintaining, and improving industrial plant, equipment, and operations. To
 read more about the Group, please visit: www.flowtechfluidpower.com
 (http://www.flowtechfluidpower.com) .

 

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