REG - Porvair PLC - Director/PDMR Shareholding
18/02/2020 07:00
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RNS Number : 2737D Porvair PLC 18 February 2020
18 February 2020
Porvair plc ("Porvair" or the "Company")
Director's Shareholding and Issue of Equity
The Company was notified of the following transactions by PDMR's of the
Company:
On 14 February 2020, Chris Tyler, Group Finance Director, exercised 6,312 Save
As You Earn ("SAYE") options over ordinary shares of 2 pence each in the
Company ("Ordinary Shares") and subsequently sold the same number of Ordinary
Shares.
On 17 February 2020, Chris Tyler exercised 53,500 options over Ordinary Shares
under the Long Term Share Plan ("LTSP") and Ben Stocks, Chief Executive
Officer exercised 76,200 options over Ordinary Shares under the LTSP.
In order to meet the costs of exercise, the personal taxation liabilities
arising on the options and certain other financial commitments, Chris Tyler
and Ben Stocks subsequently sold 113,470 Ordinary Shares and 171,530 Ordinary
Shares respectively, each at a price of 680 pence per Ordinary Share.
Following the above transactions, Ben Stocks' holding in the Company
(including shares held by his wife) is 669,510 Ordinary Shares, representing
approximately 1.5 per cent. of the Company's issued share capital and Chris
Tyler's holding in the Company is 434,341 Ordinary Shares, representing
approximately 0.9 per cent. of the Company's issued share capital.
Total Voting Rights
Following this and other SAYE issues totalling 18,212 new Ordinary Shares, the
Company will have 46,059,411 Ordinary Shares in issue. There are no Ordinary
Shares held in treasury. Therefore, as at today's date, the total number of
voting rights in the Company is 46,059,411. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company, under the FCA's Disclosure, Guidance and
Transparency Rules.
For further information, please contact:
Porvair plc 01553 765 500
Chris Tyler, Group Finance Director
Notes to Editors
Porvair is a group of specialist filtration and environmental technology
businesses. Its businesses design and manufacture a range of bespoke
consumable filtration products that are used in a range of niche filtration
markets. It operates in three divisions: Aerospace & Industrial;
Laboratory; and Metal Melt Quality.
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 Christopher Tyler
2. Reason for the notification
a. Position/status CFO
b. Initial notification Initial notification
/Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Porvair plc
b. LEI 213800ECKHS8LAQO3C45
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 Ordinary shares of 2p
Financial instrument, type
of instrument
Identification code GB0006963689
b. Nature of the transaction
Exercise of SAYE share options
Sale of ordinary shares
c. Price(s) and volume(s)
Price(s) Volume(s)
240p 6,312
715p 6,312
d. Aggregated information
· Aggregated volume As above
· Price
e. Date of the transaction 14 February 2020
f. Place of the transaction London Stock Exchange, Main Market (XLON)
d.
Aggregated information
· Aggregated volume
· Price
As above
e.
Date of the transaction
14 February 2020
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Christopher Tyler
2. Reason for the notification
a. Position/status CFO
b. Initial notification Initial notification
/Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Porvair plc
b. LEI 213800ECKHS8LAQO3C45
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 Ordinary shares of 2p
Financial instrument, type
of instrument
Identification code GB0006963689
b. Nature of the transaction
Exercise of options
Sale of ordinary shares
c. Price(s) and volume(s)
Price(s) Volume(s) Note
2p 53,500 Exercise of LTSP
680p 53,500 Sale of Ordinary Shares
680p 54,000 Sale of Ordinary Shares
680p 5,970 Sale of Ordinary Shares
d. Aggregated information
Price(s) Volume(s) Note
· Aggregated volume
· Price 2p 53,500 Exercise of LTSP
680p 113,470 Sale of Ordinary Shares
e. Date of the transaction 17 February 2020
f. Place of the transaction London Stock Exchange, Main Market (XLON)
d.
Aggregated information
· Aggregated volume
· Price
Price(s) Volume(s) Note
2p 53,500 Exercise of LTSP
680p 113,470 Sale of Ordinary Shares
e.
Date of the transaction
17 February 2020
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Ben Stocks
2. Reason for the notification
a. Position/status CEO
b. Initial notification Initial notification
/Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Porvair plc
b. LEI 213800ECKHS8LAQO3C45
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 Ordinary shares of 2p
Financial instrument, type
of instrument
Identification code GB0006963689
b. Nature of the transaction
Exercise of options
Sale of ordinary shares
c. Price(s) and volume(s)
Price(s) Volume(s) Note
2p 76,200 Exercise of LTSP
680p 76,200 Sale of Ordinary Shares
680p 76,330 Sale of Ordinary Shares
680p 19,000 Sale of Ordinary Shares
d. Aggregated information
Price(s) Volume(s) Note
· Aggregated volume
· Price 2p 76,200 Exercise of LTSP
680p 171,530 Sale of Ordinary Shares
e. Date of the transaction 17 February 2020
f. Place of the transaction London Stock Exchange, Main Market (XLON)
d.
Aggregated information
· Aggregated volume
· Price
Price(s) Volume(s) Note
2p 76,200 Exercise of LTSP
680p 171,530 Sale of Ordinary Shares
e.
Date of the transaction
17 February 2020
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
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