Director's Shareholding and Issue of Equity

RNS Number : 5355T

Porvair PLC

13 October 2017

 

FOR IMMEDIATE RELEASE                                                                  13 October 2017

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

Director's Shareholding and Issue of Equity

The Company was notified on 11 October 2017 of the following exercise of Save As You Earn options ("SAYE") over ordinary shares of 2 pence each in the Company ("Ordinary Shares").

Director	Scheme	Year of grant	Exercise price	Options exercised
Ben Stocks	SAYE	2014	240p	7,500

On the same day, the Company was notified that Ben Stocks, Group CEO had sold the following Ordinary Shares arising from the exercise. 

Director	Transaction		Price	Number
Ben Stocks	Sale		489p	7,500

Following these dealings, Ben Stocks's holding in the Company remains at 698,078 Ordinary Shares, representing approximately 1.5 per cent. of the Company's issued share capital.

Arising from exercises of options relating to the SAYE scheme, the Company has issued 114,390 new Ordinary shares.  The Company currently has 45,635,925 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 45,635,925. 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 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.  Its principal markets are aviation, energy and industrial process, environmental laboratories and non-ferrous metals.

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	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
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) £2.40 7,500 £4.89 7,500
d.	Aggregated information ·      Aggregated volume ·      Price	As above
e.	Date of the transaction	2017-10 -11
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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