Director/PDMR Shareholding

RNS Number : 2249Y

Flowtech Fluidpower PLC

13 May 2016

 

Flowtech Fluidpower plc ("Flowtech" ,"Company" or "Group") Directors' Dealings

Flowtech Fluidpower plc (AIM:FLO), announces the following dealings in the Company's ordinary shares of 100 pence each ("Ordinary Shares") by certain Directors of the Board.  The dealings took place on 12 and 13 May 2016 and were notified to the Company on 13 May 2016. Director Number of Ordinary Shares Purchased Purchase Price per Ordinary Share Beneficial Interest following the Purchase Per cent. of the Company's issued Ordinary Share Capital Sean Fennon Chief Executive Officer 10,000 140.0p 219,000 0.51% Bryce Brooks * Chief Financial Officer  3,000 142.4p  94,000 0.22% Nigel Richens Senior Non Executive Director  15,000 140.0p  50,000 0.12% * Note:  Mr Brooks purchased the shares through his SIPP account. In addition Mr Brooks' wife has sold 27,000 Ordinary Shares held in her name at a price of 141.75p per Ordinary Share. Mr Brooks has then purchased the same number of Ordinary Shares, being 27,000 Ordinary Shares, into his SIPP at the same price, being 141.75p per Ordinary Share. Following this transaction, Mr Brooks' interest in Ordinary Shares remains unchanged at 94,000 Ordinary Shares, representing 0.22 per cent. of the Company's issued Ordinary Share capital. Enquiries: Flowtech Fluidpower plc Sean Fennon, Chief Executive Officer Bryce Brooks, Chief Financial Officer Tel: [phone] AIM: symbol: FLO email: [e-mail] website: www.flowtechfluidpower.com Zeus Capital Limited (Nominated Adviser and Broker) Dominic King, Andrew Jones Tel: [phone] TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: [phone] or email: [e-mail] Editors' note: Flowtech Fluidpower plc, founded as Flowtech in 1983, is the UK's leading specialist supplier of technical fluid power products with modern distribution facilities in the UK and Benelux.  It offers an unrivalled range of Original Equipment Manufacturer (OEM) and Exclusive Brand products to over 3,600 distributors and resellers. Its catalogue is recognised as the definitive source for fluid power products, containing approximately 52,000 individual product line and  is distributed to more than 85,000 industrial Maintenance, Repair and Overhaul end users (MRO).  Over 80% of product is stocked and if ordered by 10pm, can be delivered next day in the UK, providing 'best in industry' service offering.  The Group's headquarters and main distribution centre is in Skelmersdale, Lancashire with further distribution centres in the Netherlands and China. The Power Motion Control Division (PMC) has operations in Merseyside, Northern Ireland and the Republic of Ireland; in total the business employs 299 people.

 

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