REG - Porvair PLC - Director's Shareholding and Issue of Equity <Origin Href="QuoteRef">PORV.L</Origin>
RNS Number : 5355TPorvair PLC13 October 2017FOR IMMEDIATE RELEASE 13 October 2017
Porvair plc ("Porvair" or the "Company")
Director's Shareholding and Issue of Equity
The Company was notified on 11 October 2017 of the following exercise of Save As You Earn options ("SAYE") over ordinary shares of 2 pence each in the Company ("Ordinary Shares").
Director
Scheme
Year of grant
Exercise price
Options exercised
Ben Stocks
SAYE
2014
240p
7,500
On the same day, the Company was notified that Ben Stocks, Group CEO had sold the following Ordinary Shares arising from the exercise.
Director
Transaction
Price
Number
Ben Stocks
Sale
489p
7,500
Following these dealings, Ben Stocks's holding in the Company remains at 698,078 Ordinary Shares, representing approximately 1.5 per cent. of the Company's issued share capital.
Arising from exercises of options relating to the SAYE scheme, the Company has issued 114,390 new Ordinary shares. The Company currently has 45,635,925 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 45,635,925. 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
Ben Stocks
2.
Reason for the notification
a.
Position/status
CEO
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 SAYE share options
Sale of ordinary shares
c.
Price(s) and volume(s)
Price(s)
Volume(s)
2.40
7,500
4.89
7,500
d.
Aggregated information
Aggregated volume
Price
As above
e.
Date of the transaction
2017-10 -11
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCLIFLDIELVLID
Recent news on Porvair
See all newsREG - Porvair PLC - Director/PDMR Shareholding
AnnouncementREG - Porvair PLC - AGM Results Announcement
AnnouncementREG - Porvair PLC - AGM Trading Update & Board Update
AnnouncementREG - Porvair PLC - Director resignation
AnnouncementREG - Porvair PLC - Director declaration
Announcement