Director/PDMR Shareholding

RNS Number : 8425D

Porvair PLC

28 June 2019

 

Porvair plc ("Porvair" or the "Company")

Director's Shareholding

The Company was notified on 27 June 2019 of the following exercises of Long Term Share Plan Share options ("LTSP") over ordinary shares of 2 pence each in the Company ("Ordinary Shares").

Director	Scheme	Year of grant	Exercise price	Options exercised
Ben Stocks	LTSP	2016	2.0p	96,700
Chris Tyler	LTSP	2016	2.0p	67,900

On the same day, the Company was notified that Ben Stocks, Group CEO, and Chris Tyler, Group Finance Director, had sold the following Ordinary Shares in order to meet the cost of exercise, the personal taxation liabilities arising on the options and certain other financial commitments. 

Director	Transaction		Price	Number
Ben Stocks	Sale		£5.82	76,700
Chris Tyler	Sale		£5.82	52,900

The Company was also notified on 27 June 2019 of the following purchase on 7 June 2019 by Ben Stocks of Ordinary Shares pursuant to the Group's dividend reinvestment plan ("DRIP").

Director	Transaction		Price	Number
Ben Stocks	DRIP purchase		£5.68	3,513

Following these dealings, Ben Stocks' holding in the Company has increased by 23,513 Ordinary Shares to 762,933 Ordinary Shares, representing approximately 1.7 per cent. of the Company's issued share capital. Chris Tyler's holding in the Company has increased by 15,000 Ordinary Shares to 494,311 Ordinary Shares, representing approximately 1.1 per cent. of the Company's issued share capital.

As at today's date, the total number of voting rights in the Company is 45,843,599. 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Porvair plc	01553 765 500
Chris Tyler, Group Finance Director

Notes to Editors

Porvair is a group of specialist filtration and environmental technology businesses.  Its businesses design and manufacture a range of bespoke consumable filtration products that are used in a range of niche filtration markets.  It operates in three divisions: Aerospace & Industrial; Laboratory; and Metal Melt Quality.

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Christopher Tyler
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	Porvair plc
b.	LEI	213800ECKHS8LAQO3C45
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 2p GB0006963689
b.	Nature of the transaction	1) Exercise of LTSP share options 2) Sale of ordinary shares
c.	Price(s) and volume(s)	Price(s) Volume(s) 1) £0.02 67,900 2) £5.82 52,900
d.	Aggregated information ·      Aggregated volume ·      Price	As above
e.	Date of the transaction	27 June 2019
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Ben Stocks
2.	Reason for the notification
a.	Position/status	CEO
b.	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Porvair plc
b.	LEI	213800ECKHS8LAQO3C45
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 2p GB0006963689
b.	Nature of the transaction	1) Exercise of LTSP share options 2) Sale of ordinary shares 3) Purchase of shares through the dividend reinvestment plan
c.	Price(s) and volume(s)	Price(s) Volume(s) 1) £0.02 96,700 2) £5.82 76,700 3) £5.68 3,513
d.	Aggregated information ·      Aggregated volume ·      Price	As above
e.	Date of the transaction	27 June 2019
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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