Director's Shareholding and Issue of Equity

RNS Number : 4475J

Porvair PLC

28 June 2017

 

28 June 2017

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

Director's Shareholding and Issue of Equity

The Company was notified on 27 June 2017 of the following exercise 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	2014	2.0p	104,880
Chris Tyler	LTSP	2014	2.0p	73,150

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		£5.416	75,000
Chris Tyler	Sale		£5.416	70,000

The Company was also notified on 21 June 2017 of the following purchase on 2 June 2017 by Ben Stocks of Ordinary Shares pursuant to the Group's dividend reinvestment plan ("DRIP").

Director	Transaction		Price	Number
Ben Stocks	DRIP purchase		£6.04	2,467

Following these dealings, Ben Stocks' holding in the Company has increased by 29,880 Ordinary Shares to 698,078 Ordinary Shares, representing approximately 1.5 per cent. of the Company's issued share capital. Chris Tyler's holding in the Company has increased by 3,150 Ordinary Shares to 452,186 Ordinary Shares, representing approximately 1.0 per cent. of the Company's issued share capital.

Following the issue of the 178,030 new Ordinary Shares, the Company will have 45,521,535 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 45,521,535. 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	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
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 LTSP share options Sale of ordinary shares
c.	Price(s) and volume(s)	Price(s) Volume(s) £0.02 73,150 £5.416 70,000
d.	Aggregated information ·      Aggregated volume ·      Price	As above
e.	Date of the transaction	2017-6-27
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

5.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Ben Stocks
6.	Reason for the notification
a.	Position/status	CEO
b.	Initial notification /Amendment	Initial notification
7.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Porvair plc
b.	LEI
8.	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 LTSP share options Sale of ordinary shares
c.	Price(s) and volume(s)	Price(s) Volume(s) £0.02 104,880 £5.416 75,000
d.	Aggregated information ·      Aggregated volume ·      Price	As above
e.	Date of the transaction	2017-6-27
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

9.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Ben Stocks
10.	Reason for the notification
a.	Position/status	CEO
b.	Initial notification /Amendment	Initial notification
11.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Porvair plc
b.	LEI
12.	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	Purchase of shares through the dividend reinvestment plan
c.	Price(s) and volume(s)	Price(s) Volume(s) £6.04 2,467
d.	Aggregated information ·      Aggregated volume ·      Price	As above
e.	Date of the transaction	2017-6-2
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

END

 

 

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