REG - Synectics PLC - Director/PDMR dealings
RNS Number : 9561ASynectics PLC02 October 2020Synectics plc
("Synectics" or the "Company")
Director/PDMR dealings
2 October 2020
Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, has been notified that on 1 October 2020 the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP") purchased 13,659 ordinary shares of 20 pence each in the Company at £1.18244 per share in accordance with the ESAP's rules and on behalf of all ESAP participants, in respect of the six-month accumulation period ended on 30 September 2020.
Under the terms of the ESAP, participating members, including employees and certain Directors of the Company, contribute a fixed amount to the Trustee on a monthly basis. The Trustee acquires a number of shares at the end of the six-month accumulation period (the "Period") based upon the contributions made in the Period and determined by the lowest share price at either the beginning of the Period or on the date of purchase. In this instance, the share price used for the allocation of the number of shares for ESAP purposes was the price per share on the date of purchase.
As a result of this purchase, the Company has been notified that the following Executive Director and PDMRs have acquired the following interests in shares of the Company:
Name
Position
Status
Number of Shares purchased by the Trustee
Paul Webb
Chief Executive
Executive Director
761
Greg Alcorn
Divisional Director
PDMR
761
David Lowe
Business Strategy Director
PDMR
761
Mark Pennington
Managing Director: QSG
PDMR
507
Following this purchase, the interests of Paul Webb, Greg Alcorn, David Lowe and Mark Pennington in the shares of the Company are as follows:
Name
Shares Held
Interest in Shares in Share Schemes
Resultant Total Interest
% of Issued Share Capital
Paul Webb
57,115
534,670
591,785
3.33%
Greg Alcorn
-
23,998
23,998
0.13%
David Lowe
15,000
41,520
56,520
0.32%
Mark Pennington
-
11,405
11,405
0.06%
For further information, please contact:
Synectics plc
Claire Stewart, Company Secretary
Tel: +44(0) 114 280 2828
Shore Capital
Tom Griffiths / David Coaten / Henry Willcocks
Tel: +44 (0) 20 7408 4050
About Synectics plc
Synectics (AIM: SNX) is a leader in the design, integration and support of advanced security and surveillance systems that enable clients around the world to protect their people, communities, and assets.
Founded over 30 years ago, Synectics has deep industry experience across gaming, energy, urban transport, public space and critical infrastructure projects. The group's expert engineering teams work in partnership with customers to create integrated product and technology platforms, proven in the most complex and demanding operating environments.
Find out more at www.synecticsplc.com.
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