REG - Porvair PLC - Director's Shareholding and Issue of Equity <Origin Href="QuoteRef">PORV.L</Origin>
RNS Number : 4475JPorvair PLC28 June 201728 June 2017
Porvair plc ("Porvair" or the "Company")
Director's Shareholding and Issue of Equity
The Company was notified on 27 June 2017 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
2014
2.0p
104,880
Chris Tyler
LTSP
2014
2.0p
73,150
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
5.416
75,000
Chris Tyler
Sale
5.416
70,000
The Company was also notified on 21 June 2017 of the following purchase on 2 June 2017 by Ben Stocks of Ordinary Shares pursuant to the Group's dividend reinvestment plan ("DRIP").
Director
Transaction
Price
Number
Ben Stocks
DRIP purchase
6.04
2,467
Following these dealings, Ben Stocks' holding in the Company has increased by 29,880 Ordinary Shares to 698,078 Ordinary Shares, representing approximately 1.5 per cent. of the Company's issued share capital. Chris Tyler's holding in the Company has increased by 3,150 Ordinary Shares to 452,186 Ordinary Shares, representing approximately 1.0 per cent. of the Company's issued share capital.
Following the issue of the 178,030 new Ordinary Shares, the Company will have 45,521,535 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 45,521,535. 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. Its principal markets are aviation, energy and industrial process, environmental laboratories and non-ferrous metals.
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
73,150
5.416
70,000
d.
Aggregated information
Aggregated volume
Price
As above
e.
Date of the transaction
2017-6-27
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
104,880
5.416
75,000
d.
Aggregated information
Aggregated volume
Price
As above
e.
Date of the transaction
2017-6-27
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)
6.04
2,467
d.
Aggregated information
Aggregated volume
Price
As above
e.
Date of the transaction
2017-6-2
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHLLFVLRIITFID
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