Director/PDMR Shareholding

RNS Number : 5534O

Flowtech Fluidpower PLC

08 November 2016

 

This announcement contains inside information

Flowtech Fluidpower plc (the "Company" or "Flowtech")

Director's and PCA's Dealings

Flowtech Fluidpower plc (AIM:FLO), announces the following dealings in the Company's ordinary shares of 50 pence each ("Ordinary Shares") by Bryce Brooks, Chief Financial Officer and Jennifer Brooks. The dealings took place and were notified to the Company on 7th November 2016.

Jennifer Brooks (wife of Bryce Brooks) has sold 5,979 Ordinary Shares held in her name at a price of 127.5p per Ordinary Share. Bryce has then purchased the same number of Ordinary Shares, being 5,979 Ordinary Shares, into his SIPP at the same price, being 127.5p per Ordinary Share.

Following this transaction, Bryce's interest in Ordinary Shares remains unchanged at 94,000 Ordinary Shares, representing approximately 0.22 per cent. of the Company's issued Ordinary Share capital.

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	Bryce Brooks
2	Reason for the notification
a)	Position/status	CFO
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Flowtech Fluidpower plc
b)	LEI	(Pending)
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 50p ISIN: GB00BM4NR742
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 127.5p 5,979
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	7th November 2016
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jennifer Brooks
2	Reason for the notification
a)	Position/status	Person closely associated with Bryce Brooks
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Flowtech Fluidpower plc
b)	LEI	(Pending)
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 50p ISIN: GB00BM4NR742
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 127.5p 5,979
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	7th November 2016
f)	Place of the transaction	London Stock Exchange, AIM

Enquiries:
Flowtech Fluidpower plc AIM: FLO Sean Fennon, Chief Executive Officer Bryce Brooks, Chief Financial Officer & Company Secretary Tel: [phone] Email: [e-mail] www.flowtechfluidpower.com
Zeus Capital Limited (Nominated Adviser and Broker) Andrew Jones Dominic King Tel: [phone]
TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: [phone] Email: [e-mail]

Editors' note: Flowtech Fluidpower plc, founded as Flowtech in 1983, is the UK's leading specialist supplier of technical fluid power products with modern distribution facilities in the UK and Benelux.  It offers an unrivalled range of Original Equipment Manufacturer (OEM) and Exclusive Brand products to over 3,600 distributors and resellers. Its catalogue is recognised as the definitive source for fluid power products, containing approximately 52,000 individual product line and is distributed to more than 85,000 industrial Maintenance, Repair and Overhaul end users (MRO).  Over 80% of product is stocked and if ordered by 10pm, can be delivered next day in the UK, providing 'best in industry' service offering.  The Group's headquarters and main distribution centre is in Skelmersdale, Lancashire with further distribution centres in the Netherlands and China.  The Power Motion Control Division (PMC) has operations in Merseyside, Northern Ireland and the Republic of Ireland. The Group has a clear view of its growth objectives - to create a specialist fluid power organisation that remains focused on its core competencies whilst servicing the varied industrial and manufacturing sectors through its delivery of 'class-leading' service and support.  Our long term growth model is based on both organic growth coupled with complementary acquisitions in a very fragmented marketplace.

 

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