Exercise of Options and Total Voting Rights

RNS Number : 3010E

Flowtech Fluidpower PLC

03 November 2015

 

Tuesday, 3 November 2015

Flowtech Fluidpower plc

(Flowtech, Group or Company)

Exercise of Options

and

Total Voting Rights

Exercise of Options

Flowtech Fluidpower plc (Symbol: AIM: FLO) announces that application has been made for 249,999 new ordinary shares of £0.50 pence to be admitted to trading on AIM pursuant to the exercise of an option under the Company's EMI Share Option Scheme (the "EMI Option Exercise") with an exercise price per share of 100 pence.

The 249,999 new ordinary shares issued pursuant to the EMI Option Exercise will rank pari passu with the Company's existing ordinary shares and admission to trading on AIM is expected to take place on or around 9 November 2015 ("Admission").

Total Voting Rights

The total enlarged issued share capital of the Company following Admission will be 43,078,282 ordinary shares of £0.50 pence each.  The Company does not hold any ordinary shares in treasury.  Therefore the total number of ordinary shares in the Company with voting rights will be 43,078,282.  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 share capital of the Company under the Disclosure and Transparency Rules of the UK Financial Conduct Authority.

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

Editors' note:

Flowtech Fluidpower plc, The Group's headquarters are located in the UK where its main distribution centre is based in Skelmersdale, Lancashire.  Founded as Flowtech in 1983, the business is the UK's leading specialist supplier of technical fluid power products with modern distribution facilities in the UK, Benelux and China.  Flowtech 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 lines and is distributed to more than 85,000 industrial Maintenance, Repair and Overhaul end users (MRO).  Over 80% of product is stocked and ordered by 10pm, can be delivered next day in the UK, providing 'best in industry' service offering.  The Power Motion Control Division (PMC) has operations in Merseyside; Northern Ireland and the Republic of Ireland.  In total, the Group employs 270 people.  For more information please visit: www.flowtechfluidpower.com, or email: [e-mail]

 

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