Synectics PLC Director/PDMR Shareholding (3665Y)
March 02 2017 - 6:32AM
UK Regulatory
TIDMSNX
RNS Number : 3665Y
Synectics PLC
02 March 2017
2 March 2017
Synectics plc
(the "Company" or the "Group")
Award of Options under Share Plan
Director / PDMR shareholdings
Synectics (AIM: SNX), a leader in the design, integration,
control and management of advanced surveillance technology and
networked security systems, announces that on 1 March 2017 it made
awards over 88,500 Synectics plc ordinary shares of 20p (the
"Shares") to certain senior managers employed within the Group,
under its Performance Share Plan ("PSP").
Under the PSP award, awards were made to the following Directors
and Persons Discharging Managerial Responsibility (PDMRs):
Name Position Status PSP award
(number of
Shares)
--------------- ------------------------------ ----------- ------------
Chief Executive, Executive
Paul Webb Synectics plc Director 15,000
--------------- ------------------------------ ----------- ------------
Finance Director, Executive
Mike Stilwell Synectics plc Director 7,500
--------------- ------------------------------ ----------- ------------
Product & Technology
Director, Synectic
David Aindow Systems Group Limited PDMR 5,000
--------------- ------------------------------ ----------- ------------
Divisional Director,
Transport & Infrastructure,
Synectic Systems
Greg Alcorn Group Limited PDMR 10,000
--------------- ------------------------------ ----------- ------------
Divisional Director,
Darren Oil & Gas, Synectic
Alder Systems Group Limited PDMR 5,000
--------------- ------------------------------ ----------- ------------
Managing Director,
Quadrant Security
Iain Beadle Group Limited PDMR 5,000
--------------- ------------------------------ ----------- ------------
Richard Company Secretary,
Brierley Synectics plc PDMR 2,000
--------------- ------------------------------ ----------- ------------
Managing Director,
Jeffrey Synectics Mobile
Fail Systems PDMR 4,000
--------------- ------------------------------ ----------- ------------
Operations Director,
Andrew Synectic Systems
Wycherley Group Limited PDMR 2,000
--------------- ------------------------------ ----------- ------------
Following the awards, their total interests in Shares are now as
follows:
Name Shares Interest Resultant % of issued
held in Shares total interest share capital
in Synectics
share schemes
------------------ -------- --------------- ---------------- ---------------
Paul Webb 10,000 299,924 309,924 1.74%
------------------ -------- --------------- ---------------- ---------------
Mike Stilwell 6,910 50,224 57,134 0.32%
------------------ -------- --------------- ---------------- ---------------
David Aindow - 53,000 53,000 0.30%
------------------ -------- --------------- ---------------- ---------------
Greg Alcorn - 10,000 10,000 0.06%
------------------ -------- --------------- ---------------- ---------------
Darren Alder - 22,500 22,500 0.13%
------------------ -------- --------------- ---------------- ---------------
Iain Beadle - 52,500 52,500 0.30%
------------------ -------- --------------- ---------------- ---------------
Richard Brierley - 6,000 6,000 0.03%
------------------ -------- --------------- ---------------- ---------------
Jeffrey Fail - 44,000 44,000 0.25%
------------------ -------- --------------- ---------------- ---------------
Andrew Wycherley - 7,000 7,000 0.04%
------------------ -------- --------------- ---------------- ---------------
Under the PSP, selected employees are entitled to exercise an
option to receive a certain number of Shares at any time after a 3
year vesting period, at no cost to themselves. The number of Shares
that are awarded at the end of the 3 year period is dependent on
the achievement of certain performance criteria.
Vesting of the PSP awards is dependent on the total return on
Shares compared with the AIM All Share Total Return Index (the
"Index"). If the total return on Shares out-performs the Index by
5% or more in the 3 years following the award, all of the Shares
awarded will vest. If Shares match the Index performance, then 25%
of the awarded Shares will vest. Between these points the number of
Shares that vest will be pro-rata. If the total return on Shares
underperforms the Index, then no Shares will vest. The limit on the
number of Shares over which interests may be awarded remains
unchanged.
Any entitlement under the PSP will lapse on cessation of
employment prior to the end of the 3 year vesting period, unless
cessation of employment is by reason of redundancy, ill health or
death.
Should the performance criteria be met in full or part, it is
intended that the appropriate number of Shares will be satisfied
from unallocated Shares already held within the Company's employee
benefit trust.
Full details of the PSP were set out in the Company's Annual
Report for the year ended 30 November 2015.
For further information, please contact:
Synectics plc Tel: +44 (0) 1527 850 080
Richard Brierley, Company www.synecticsplc.com
Secretary
Stockdale Securities Tel: +44 (0) 20 7601 6100
Tom Griffiths / Henry
Willcocks
This information is provided by RNS
The company news service from the London Stock Exchange
END
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