REG - Porvair PLC - Director/PDMR Shareholding

PorvairAnnouncement

21/09/2018 10:00

RNS Number : 5454B
Porvair PLC
21 September 2018
 


FOR IMMEDIATE RELEASE                                                                  21 September 2018
 
 
Porvair plc ("Porvair" or the "Company")
Director's Shareholding and Issue of Equity
The Company was notified on 20 September 2018 of the following exercise of Long Term Share Plan Share options ("LTSP") over ordinary shares of 2 pence each in the Company ("Ordinary Shares").



Director


Scheme


Year of grant


Exercise price


Options exercised




Ben Stocks


LTSP


2015


2.0p


89,250




Chris Tyler


LTSP


2015


2.0p


62,125



On the same day, the Company was notified that Ben Stocks, Group CEO, and Chris Tyler, Group Finance Director had sold the following Ordinary Shares in order to meet the cost of exercise, the personal taxation liabilities arising on the options and certain other financial commitments. 



Director


Transaction






Price


Number




Ben Stocks


Sale






£5.00


50,000




Chris Tyler


Sale






£5.00


35,000



The Company was also notified on 20 September 2018 of the following purchase on 31 August 2018 by Ben Stocks of Ordinary Shares pursuant to the Group's dividend reinvestment plan ("DRIP").



Director


Transaction






Price


Number




Ben Stocks


DRIP purchase






£5.00


2,092



Following these dealings, Ben Stocks' holding in the Company has increased by 41,342 Ordinary Shares to 739,420 Ordinary Shares, representing approximately 1.6 per cent. of the Company's issued share capital. Chris Tyler's holding in the Company has increased by 27,125 Ordinary Shares to 479,311 Ordinary Shares, representing approximately 1.0 per cent. of the Company's issued share capital.
Following the issue of the 151375 new Ordinary Shares, the Company will have 45,842,849 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 45,842,849. 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 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
/Amendment


Initial notification




3.         


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a.         


Name


Porvair plc




b.         


LEI








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
Identification code


Ordinary shares of 2p
 
 
GB0006963689




b.         


Nature of the transaction


 
Exercise of LTSP share options
 
Sale of ordinary shares
 




c.         


Price(s) and volume(s)


 



Price(s)
 


Volume(s)




£0.02


62,125




£5.00


35,000








d.         


Aggregated information
·      Aggregated volume
·      Price
 


 
As above




e.         


Date of the transaction


2018-9-20




f.         


Place of the transaction


London Stock Exchange, Main Market (XLON)
 



 




 
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
 



5.         


Details of the person discharging managerial responsibilities / person closely associated




a.         


Name


Ben Stocks




6.         


Reason for the notification




a.         


Position/status


CEO




b.         


Initial notification
/Amendment


Initial notification




7.         


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a.         


Name


Porvair plc




b.         


LEI








8.         


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
Identification code


Ordinary shares of 2p
 
 
GB0006963689




b.         


Nature of the transaction


 
Exercise of LTSP share options
 
Sale of ordinary shares
 




c.         


Price(s) and volume(s)


 



Price(s)
 


Volume(s)




£0.02


89,250




£5.00


50,000








d.         


Aggregated information
·      Aggregated volume
·      Price
 


 
As above




e.         


Date of the transaction


2018-9-20




f.         


Place of the transaction


London Stock Exchange, Main Market (XLON)
 



 




 
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
 



9.         


Details of the person discharging managerial responsibilities / person closely associated




a.         


Name


Ben Stocks




10.         


Reason for the notification




a.         


Position/status


CEO




b.         


Initial notification
/Amendment


Initial notification




11.         


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a.         


Name


Porvair plc




b.         


LEI








12.         


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
Identification code


Ordinary shares of 2p
 
 
GB0006963689




b.         


Nature of the transaction


 
Purchase of shares through the dividend reinvestment plan
 
 




c.         


Price(s) and volume(s)


 



Price(s)
 


Volume(s)




£5.00


2,092








d.         


Aggregated information
·      Aggregated volume
·      Price
 


 
As above




e.         


Date of the transaction


2018-8-31




f.         


Place of the transaction


London Stock Exchange, Main Market (XLON)
 



 




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