Elektron Technology PLC Director/PDMR Shareholding (5466U)

TIDMEKT

RNS Number : 5466U

Elektron Technology PLC

19 January 2017

Elektron Technology plc

("Elektron" or the "Company")

Director / PDMR Shareholding

Elektron Technology plc announces that on 18 January 2017 Keith Daley exercised his Market Value Option to acquire shares in the Company granted by the Trustee on 28 July 2016, in part, at an exercise price equal to the mid-market price of the Company's shares at close of business on 17 December 2017 being 7.625p.

The resulting shares and options held by Keith Daley following the above transaction are as follows:

 
                         Keith Daley 
 Shares                  21,710,516 (11.67%) 
 Market Value Options    541,500 
 Options awarded         Nil 
  under LTIP 
 

Following the above transactions the Elektron Technology plc 2012 Employee Benefit Trust is interested in 8,283,650 ordinary shares in the capital of the Company, representing 4.45% of the Company's issued share capital.

For further information:

 
                                                    [phone] 
 Elektron Technology www.elektron-technology.com     000 
 Andy Weatherstone - Chief Financial 
  Officer 
 
 finnCap (Nominated Adviser and                     [phone] 
  Broker)                                            0500 
 Ed Frisby/Scott Mathieson (Corporate 
  Finance) 
 Malar Velaigam (Corporate Broking) 
 

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulations and set out more details of the transactions.

 
 1.    Details of PDMR 
----  -------------------------------------------------------- 
 (a)   Name                   Keith Daley 
----  ---------------------  --------------------------------- 
 2.    Reason for notification 
----  -------------------------------------------------------- 
 (b)   Position /             Chairman 
        status 
----  ---------------------  --------------------------------- 
 (c)   Initial notification   Initial notification 
        / amendment 
----  ---------------------  --------------------------------- 
 3.    Details of the Issuer 
----  -------------------------------------------------------- 
 (a)   Name                   Elektron Technology plc 
----  ---------------------  --------------------------------- 
 (b)   LEI                    n/a 
----  ---------------------  --------------------------------- 
 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 transaction(s) 
        have been conducted 
----  -------------------------------------------------------- 
 (a)   Description            Ordinary shares of 5p each 
        of the financial 
        instrument 
----  ---------------------  --------------------------------- 
 (b)   Nature of the          Exercise of an option to acquire 
        transaction            shares 
----  ---------------------  --------------------------------- 
 (c)   Price(s) and           1,000,000 ordinary shares @ 
        volume                 7.625p each 
----  ---------------------  --------------------------------- 
 (d)   Aggregated             N/A 
        information 
----  ---------------------  --------------------------------- 
 (e)   Date of the            18 January 2017 
        transaction 
----  ---------------------  --------------------------------- 
 (f)   Place of the           Outside a trading venue 
        transaction 
----  ---------------------  --------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 19, 2017 02:00 ET (07:00 GMT)