Directors' Shareholdings and Issue of Equity

RNS Number : 8771H

Porvair PLC

26 June 2013

 

FOR IMMEDIATE RELEASE                                                                              26 June 2013

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

Directors' Shareholdings and Issue of Equity

The Company was notified on 25 June 2013 of the following exercises of options over ordinary Porvair shares of 2 pence each ("Porvair Shares") on the same date by Ben Stocks, Chief Executive Officer, and Chris Tyler, Group Finance Director, pursuant to the Company's share option schemes.

Director	Scheme	Year of grant	Exercise price	Options exercised
Ben Stocks	2005 EMI	2006	131p	54,530
Ben Stocks	2005	2006	131p	123,670
Ben Stocks	2005	2009	69.5p	100,000
Chris Tyler	2005 EMI	2006	131p	61,130
Chris Tyler	2005	2006	131p	23,670

On the same date, the Company was notified that on such date, Ben Stocks has sold 175,000 of these new Porvair Shares at an average price of 283.07 pence per share and Chris Tyler has sold 46,000 of these new Porvair Shares at a price of 283.07 pence per share in order to meet the cost of exercise and the personal taxation liabilities arising on the options. 

The Company was notified on 19 June 2013 of the following purchases of Ordinary Shares by Andrew Walker and Ben Stocks respectively, pursuant to the Company's dividend reinvestment plan.

Director	Date of purchase	Number of Porvair shares purchased	Purchase price
Andrew Walker	7 June 2013	26	270p
Ben Stocks	7 June 2013	1,809	270p

Following these dealings, Ben Stocks is interested in 438,708 Porvair Shares, representing approximately 0.8 per cent. of the Company's issued share capital; Chris Tyler is interested in 252,450 Porvair Shares, representing approximately 0.5 per cent. of the Company's issued share capital; and Andrew Walker is interested in 29,480 Ordinary Shares, representing approximately 0.07 per cent. of the Company's issued share capital.

As a result of the exercise of options, including those noted above, the Company has today issued in aggregate 368,382 new Porvair Shares. Following the issue of the new Porvair Shares, the Company will have 43,719,454 ordinary shares in issue.

For further information, please contact:

Porvair plc	01553 765 500
Ben Stocks, Chief Executive
Chris Tyler, Group Finance Director
Buchanan	0207 466 5000
Charles Ryland / Helen Greenwood / Clare Akhurst

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.

 

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