TIDMPRV
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 GBP5.00 50,000
Chris Tyler Sale GBP5.00 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 GBP5.00 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 Initial notification
/Amendment
------------------------------ ------------------------------------------
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 Ordinary shares of 2p
the
Financial instrument,
type GB0006963689
of instrument
Identification
code
------------------------------ ------------------------------------------
b. Nature of the
transaction Exercise of LTSP share options
Sale of ordinary shares
------------------------------ ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) GBP0.02 62,125
----------
GBP5.00 35,000
----------
------------------------------ ------------------------------------------
d. Aggregated information
* Aggregated volume As above
* Price
------------------------------ ------------------------------------------
e. Date of the transaction 2018-9-20
------------------------------ ------------------------------------------
f. Place of the London Stock Exchange, Main Market (XLON)
transaction
------------------------------ ------------------------------------------
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 Initial notification
/Amendment
------------------------------ ------------------------------------------
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 Ordinary shares of 2p
the
Financial instrument,
type GB0006963689
of instrument
Identification
code
------------------------------ ------------------------------------------
b. Nature of the
transaction Exercise of LTSP share options
Sale of ordinary shares
------------------------------ ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) GBP0.02 89,250
----------
GBP5.00 50,000
----------
------------------------------ ------------------------------------------
d. Aggregated information
* Aggregated volume As above
* Price
------------------------------ ------------------------------------------
e. Date of the transaction 2018-9-20
------------------------------ ------------------------------------------
f. Place of the London Stock Exchange, Main Market (XLON)
transaction
------------------------------ ------------------------------------------
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 Initial notification
/Amendment
------------------------------ -------------------------------------------------------
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 Ordinary shares of 2p
the
Financial instrument,
type GB0006963689
of instrument
Identification
code
------------------------------ -------------------------------------------------------
b. Nature of the
transaction Purchase of shares through the dividend reinvestment
plan
------------------------------ -------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) GBP5.00 2,092
----------
------------------------------ -------------------------------------------------------
d. Aggregated information
* Aggregated volume As above
* Price
------------------------------ -------------------------------------------------------
e. Date of the transaction 2018-8-31
------------------------------ -------------------------------------------------------
f. Place of the London Stock Exchange, Main Market (XLON)
transaction
------------------------------ -------------------------------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHKMGZLRMVGRZG
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