Director/PDMR Shareholding

RNS Number : 9389M

Synthomer PLC

02 May 2018

 

LEI: 213800EHT3TI1KPQQJ56

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

On 1 March 2018 Stephen Bennett, Chief Financial Officer, Synthomer plc (the "Company"), exercised long term incetive plan awards over 165,949 ordinary shares granted in 2015 under the Company's 2011 Performance Share Plan. Mr Bennett has retained 87,953 of the resultant shares and disposed of 77,996 of the resultant shares to satisfy tax liabilities arising on the exercise. Following these award exercises Mr Bennett's shareholding in the Company has increased to 93,548 ordinary shares. The following information is provided in accordance with the Market Abuse regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Bennett
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Synthomer plc
b)	LEI	213800EHT3TI1KPQQJ56
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	Ordinary shares of 10p each
	Identification code	GB0009887422
b)	Nature of the transaction	Exercise of long term incentive plan awards granted in 2015 under the 2011 Performance Share Plan and disposal of sufficient resultant shares to cover tax and NI liability.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£4.95	87,953 (Retained)
			£4.95	77,996 (Disposed)
d)	Aggregated information
	- Aggregated volume	Not applicable
	- Price	Not applicable
e)	Date of the transaction	1 March 2018
f)	Place of the transaction	London

 

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