Director/PDMR Shareholding

RNS Number : 2737D

Porvair PLC

18 February 2020

 

18 February 2020

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

Director's Shareholding and Issue of Equity

The Company was notified of the following transactions by PDMR's of the Company:

On 14 February 2020, Chris Tyler, Group Finance Director, exercised 6,312 Save As You Earn ("SAYE") options over ordinary shares of 2 pence each in the Company ("Ordinary Shares") and subsequently sold the same number of Ordinary Shares.

On 17 February 2020, Chris Tyler exercised 53,500 options over Ordinary Shares under the Long Term Share Plan ("LTSP") and Ben Stocks, Chief Executive Officer exercised 76,200 options over Ordinary Shares under the LTSP.

In order to meet the costs of exercise, the personal taxation liabilities arising on the options and certain other financial commitments, Chris Tyler and Ben Stocks subsequently sold 113,470 Ordinary Shares and 171,530 Ordinary Shares respectively, each at a price of 680 pence per Ordinary Share.

Following the above transactions, Ben Stocks' holding in the Company (including shares held by his wife) is 669,510 Ordinary Shares, representing approximately 1.5 per cent. of the Company's issued share capital and Chris Tyler's holding in the Company is 434,341 Ordinary Shares, representing approximately 0.9 per cent. of the Company's issued share capital.

Total Voting Rights

Following this and other SAYE issues totalling 18,212 new Ordinary Shares, the Company will have 46,059,411 Ordinary Shares in issue. There are no Ordinary Shares held in treasury. Therefore, as at today's date, the total number of voting rights in the Company is 46,059,411. 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.

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	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	Exercise of SAYE share options Sale of ordinary shares
c.	Price(s) and volume(s)	Price(s) Volume(s) 240p 6,312 715p 6,312
d.	Aggregated information ·      Aggregated volume ·      Price	As above
e.	Date of the transaction	14 February 2020
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

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	Exercise of options Sale of ordinary shares
c.	Price(s) and volume(s)	Price(s) Volume(s) Note 2p 53,500 Exercise of LTSP 680p 53,500 Sale of Ordinary Shares 680p 54,000 Sale of Ordinary Shares 680p 5,970 Sale of Ordinary Shares
d.	Aggregated information ·      Aggregated volume ·      Price	Price(s) Volume(s) Note 2p 53,500 Exercise of LTSP 680p 113,470 Sale of Ordinary Shares
e.	Date of the transaction	17 February 2020
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	Exercise of options Sale of ordinary shares
c.	Price(s) and volume(s)	Price(s) Volume(s) Note 2p 76,200 Exercise of LTSP 680p 76,200 Sale of Ordinary Shares 680p 76,330 Sale of Ordinary Shares 680p 19,000 Sale of Ordinary Shares
d.	Aggregated information ·      Aggregated volume ·      Price	Price(s) Volume(s) Note 2p 76,200 Exercise of LTSP 680p 171,530 Sale of Ordinary Shares
e.	Date of the transaction	17 February 2020
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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