REG - Synectics PLC - Funding of EBT to Acquire Ordinary Shares and RPT

SynecticsAnnouncement

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RNS Number : 9779E  Synectics PLC  20 May 2026

 20 May 2026

 

 

Synectics plc

("Synectics", the "Company" or the "Group")

 

Funding of EBT to Acquire Ordinary Shares

and

Related Party Transaction

 

Synectics plc (AIM: SNX), a leader in advanced security and surveillance
solutions, announces that the Company intends to fund its employee benefit
trust ("EBT") with up to £1.5 million in order for Quadnetics Employees'
Trustees Limited, the Trustee of the EBT (the "Trustee"), to make market
purchases of ordinary shares of 20 pence each in the Company ("Ordinary
Shares"). The Ordinary Shares purchased by the Trustee will then be held by
the EBT to satisfy future employee share-based compensation awards.

 

The Trustee will instruct Singer Capital Markets ("SCM"), as broker, to
acquire the Ordinary Shares for the EBT. Purchases will be up to £1.5
million in value of Ordinary Shares (by market value and exclusive of stamp
duty and commissions). Paul Williams, Chief Financial Officer and Director of
Synectics, is also a Director of the Trustee.

 

Related Party Transaction

 

As certain Directors of the Company are potential beneficiaries of the market
purchases of Ordinary Shares by the EBT, as well as Paul Williams being a
Director of the Trustee of the EBT, the EBT is deemed to be a related party of
the Company. The funding by the Company of the EBT to make such market
purchases of Ordinary Shares is deemed to constitute a related party
transaction under AIM Rule 13.

 

The independent Directors of the Company (being all Directors excluding Amanda
Larnder, Chief Executive Officer and Paul Williams), having consulted with the
Company's nominated adviser SCM, confirm that they consider that the terms of
the transaction are fair and reasonable insofar as the Company's shareholders
are concerned.

 

 

For further information, please contact:

 

 Synectics plc                                                             Tel: +44 (0) 114 280 2828

 Amanda Larnder, Chief Executive Officer                                   www.synecticsplc.com

                                                                         (https://url.avanan.click/v2/___http:/www.synecticsplc.com___.YXAxZTpzaG9yZWNhcDphOm86NTYwYTllNmRlNmEwMDZmMWYwNTkzZGIxYTRhYzMwZGI6NjpmZDdmOjU4MjU3MDliNWJmOWIyMGFjMjkxZGZhYzcwNzk1ZjUxY2FkNGM5NWQyYWU4ODAxMTUxOTg3ZDc1ZmNkYjk3NWI6cDpG)
 Paul Williams, Chief Financial Officer

 Claire Stewart, Company Secretary

 email: info@synecticsplc.com

 Singer Capital Markets                                                    Tel: +44 (0) 20 7496 3000
 Jen Boorer / James Fischer / Patrick Weaver

 Vigo Consulting                                                           Tel: +44 (0) 20 7390 0230

 Jeremy Garcia / Fiona Hetherington

 synectics@vigoconsulting.com (mailto:synectics@vigoconsulting.com)

 

About Synectics plc

 

Synectics plc (AIM: SNX) is a leader in advanced security and surveillance
solutions that help protect people, property and assets around the world.

 

It transforms customer operations by seamlessly integrating systems,
technologies, and data into a unified solution-enhancing safety, improving
efficiency, and enabling smarter, faster decision-making and response
capabilities.

 

With its technical expertise, decades of experience, and strong partnerships,
Synectics sets itself apart by delivering innovation and service that drive
real value and long-term success.

 

Find out more at www.synecticsplc.com.
(https://url.avanan.click/v2/___http:/www.synecticsplc.com___.YXAxZTpzaG9yZWNhcDphOm86NTYwYTllNmRlNmEwMDZmMWYwNTkzZGIxYTRhYzMwZGI6NjpmZDdmOjU4MjU3MDliNWJmOWIyMGFjMjkxZGZhYzcwNzk1ZjUxY2FkNGM5NWQyYWU4ODAxMTUxOTg3ZDc1ZmNkYjk3NWI6cDpG)

 

 

 

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