Share Purchases by Directors

RNS Number : 6938G

Flowtech Fluidpower PLC

24 November 2015

 

Tuesday, 24 November 2015	Immediate Release
Flowtech Fluidpower plc ("Flowtech" ,"Company" or "Group") Directors' Dealings

Flowtech Fluidpower plc (AIM:FLO), announces the following dealings in the Company's ordinary shares of 100 pence each ("Ordinary Shares") by each of the Directors of the Board.  The dealings, which took place and were notified to the Company on 23 November 2015, are set out below: Director Number of Ordinary Shares Purchased Purchase Price per Ordinary Share Beneficial Interest following the Purchase Per cent. of the Company's issued Ordinary Share Caital Malcolm Diamond Chairman 10,000 108.00 pence 35,000 0.08% Sean Fennon Chief Executive Officer 20,000 107.25 pence 209,000 0.49% Bryce Brooks (Note) Chief Financial Officer 10,000 107.25 pence 91,000 0.21% Nigel Richens Senior Non Executive Director 10,000 108.00 pence 35,000 0.08%

Note: Bryce Brooks purchased the shares through his SIPP.  Following the purchase Bryces's beneficial interest comprises 57,200 Ordinary Shares in his SIPP and 33,800 Ordinary Shares held by his wife. 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 Ross Andrews 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 3,000 distributors and resellers. Its catalogue is recognised as the definitive source for fluid power products, containing approximately 50,000 individual product line and  is distributed to more than 90,000 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 and an assembly operation in Merseyside; in total the business employs 229 people.

 

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