Director/PDMR Shareholding

RNS Number : 6373N

Porvair PLC

01 February 2016

 

Porvair plc

("Porvair" or the "Company")

Directors' Shareholdings and Issue of Equity

On 29 January 2016, the Company was notified that on such date, the Directors undertook the following trades in ordinary shares of 2p each in the share capital of the Company ("Shares"):

Director	Position	Transaction	Number of Shares traded	Sale price
Ben Stocks	CEO	Sale	131,600	287.82p
Chris Tyler	Finance Director	Sale	86,600	287.82p

The Share sales relate to exercise of the following options under the Company's share option schemes on 1 February 2016.  In each case the Shares were sold in order to meet the cost of exercise, the personal taxation liabilities arising on the options and certain other financial commitments.

Director	Scheme	Year of grant	Exercise price	Options exercised
Ben Stocks	LTSP 2008	2013	2p	181,600
Chris Tyler	LTSP 2008	2013	2p	121,600

Following the above exercise of option shares and trades, Ben Stocks' holding has increased to 659,487 Shares and Chris Tyler's holding has increased to 432,450 Shares representing 1.46% and 0.96% respectively of the total issued Shares.

Following the issue of the new Shares, the Company will have 45,131,752 Shares in issue. There are no Shares held in treasury.  Therefore, the total number of voting rights in the Company following the issue of the new Shares is 45,131,752. The above 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 and Transparency Rules.

For further information, please contact:

Porvair plc	01553 765 500
Ben Stocks, Chief Executive
Chris Tyler, Group Finance Director
Buchanan Communications	0207 466 5000
Charles Ryland

Peel Hunt LLP                                                                                            020 7418 8900

Daniel Harris

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.  Its principal markets are aviation, energy and industrial process, environmental laboratories and non-ferrous metals.

 

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