Director/PDMR Shareholding

RNS Number : 8189V

Synthomer PLC

10 April 2019

 

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

On 9 April 2019 Calum MacLean, Chief Executive Officer, Synthomer plc (the "Company"), exercised a nil cost long term incetive plan award over 157,243 ordinary shares granted in 2016 under the Company's 2011 Performance Share Plan. Mr MacLean has retained 83,338 of the resultant shares and disposed of 73,905 of the resultant shares to satisfy tax liabilities arising on the exercise. Following this award exercise Mr MacLean's shareholding in the Company has increased to 470,178 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	Calum MacLean
2	Reason for the notification
a)	Position/status	Chief Executive
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 award granted in 2016 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)
			£3.894	83,338 (Retained)
			£3.894	73,905 (Disposed)
d)	Aggregated information
	- Aggregated volume	Not applicable
	- Price	Not applicable
e)	Date of the transaction	9 April 2019
f)	Place of the transaction	London

 

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