Director/PDMR Shareholding

RNS Number : 1342D

Flowtech Fluidpower PLC

17 February 2020

 

FLOWTECH FLUIDPOWER PLC ("Flowtech" or the "Company") Director / PDMR Dealing

Flowtech Fluidpower plc, the UK's leading specialist supplier of technical fluid power products, announces that it has been notified that Russell Cash, Chief Financial Officer of Flowtech, has purchased a total of 19,605 ordinary shares of 50 pence each in the Company ("Ordinary Shares") on 14 February 2020 at an average price of 103.9 pence per Ordinary Share. 

Following this transaction, Mr Cash has an interest in 48,175 Ordinary Shares, representing approximately 0.08 per cent. of the Company's issued Ordinary Share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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	Russell Cash
2	Reason for the notification
a)	Position/status	Chief Financial Officer/PDMR
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	LEI: 213800N68SQY5X5XS290
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	Ordinary shares of £0.50p each
	Identification code	GB00BM4NR742
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			102.5p	4,719
			103.0p	3,000
			104.0p	3,000
			105.0p	8,886
d)	Aggregated information
	- Aggregated volume	19,605
	- Price	103.9p
e)	Date of the transaction	14 Feburary 2020
f)	Place of the transaction	London Stock Exchange, AIM

Enquiries to: Flowtech Fluidpower plc Bryce Brooks, Chief Executive Officer Russell Cash, Chief Financial Officer Tel: [phone] Email [e-mail] LSE: AIM symbol FLO Zeus Capital Limited (Nominated Adviser and Broker) Andrew Jones, Kieran Russell (corporate finance) Dominic King, John Goold (sales & broking) Tel: [phone] finnCap Limited (Joint Broker) Ed Frisby, Kate Bannatyne (Corporate Finance) Rhys Williams, Andrew Burdis (Sales & Broking) Tel: + 44 (0) 20 7220 0500 TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: [phone] or email: [e-mail]

 

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