REG - Porvair PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">PORV.L</Origin>

PorvairAnnouncement

01/02/2016 11:40

RNS Number : 6373N
Porvair PLC
01 February 2016
Porvair plc 
("Porvair" or the "Company")
Directors' Shareholdings and Issue of Equity
On 29 January 2016, the Company was notified that on such date, the Directors undertook the following trades in ordinary shares of 2p each in the share capital of the Company ("Shares"):
Director
Position
Transaction
Number of Shares traded
Sale price
Ben Stocks
CEO
Sale
131,600
287.82p
Chris Tyler
Finance Director
Sale
86,600
287.82p
The Share sales relate to exercise of the following options under the Company's share option schemes on 1 February 2016. In each case the Shares were sold in order to meet the cost of exercise, the personal taxation liabilities arising on the options and certain other financial commitments.
Director
Scheme
Year of grant
Exercise price
Options exercised
Ben Stocks
LTSP 2008
2013
2p
181,600
Chris Tyler
LTSP 2008
2013
2p
121,600





Following the above exercise of option shares and trades, Ben Stocks' holding has increased to 659,487 Shares and Chris Tyler's holding has increased to 432,450 Shares representing 1.46% and 0.96% respectively of the total issued Shares. 
Following the issue of the new Shares, the Company will have 45,131,752 Shares in issue. There are no Shares held in treasury. Therefore, the total number of voting rights in the Company following the issue of the new Shares is 45,131,752. The above 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 and Transparency Rules. 
For further information, please contact:
Porvair plc
01553 765 500
Ben Stocks, Chief Executive

Chris Tyler, Group Finance Director



Buchanan Communications
0207 466 5000
Charles Ryland 

Peel Hunt LLP  020 7418 8900
Daniel Harris
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. Its principal markets are aviation, energy and industrial process, environmental laboratories and non-ferrous metals.

This information is provided by RNS
The company news service from the London Stock Exchange
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