Synectics PLC Director/PDMR Shareholding (1191X)

TIDMSNX

RNS Number : 1191X

Synectics PLC

03 May 2016

 
         3 May 2016 
 

Synectics plc

(the "Company")

Director PDMR shareholding

The Company has been notified that the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP") has purchased 13,500 ordinary shares of 20 pence each in the Company in accordance with the ESAP's rules and on behalf of all ESAP participants.

The shares were purchased on 29 April 2016 at a price of 162 pence each in respect of the six month accumulation period ended on 31 March 2016.

Under the terms of the ESAP, participating members, including employees and certain Directors of the Company, contribute a fixed amount to the Trustee on a monthly basis. The Trustee acquires a number of shares in the Company at the end of the six month accumulation period (the "Period") based upon the contributions made in the Period and determined by the lowest share price at either the beginning of the Period or on the date of purchase. In this instance the share price used for the allocation of the number of shares for ESAP purposes was the price per share on the date of purchase (162 pence).

As a result of these purchases, the Company has been notified that Paul Webb and Mike Stilwell, Directors of the Company, have acquired an interest in 463 shares and 555 shares respectively.

Following the share purchase in relation to the ESAP, the interests of Paul Webb and Mike Stilwell in Synectics shares are as follows:

 
                                                                                            % of 
                                                                 Interest   Resultant     Issued 
                                                   Beneficial    in Share       Total      Share 
       Name                   Position               Interest     Schemes    Interest    Capital 
---------------------  -----------------------  -------------  ----------  ----------  --------- 
       Paul Webb              Chief Executive          10,000     289,346     299,346      1.68% 
---------------------  -----------------------  -------------  ----------  ----------  --------- 
                              Finance 
       Mike Stilwell           Director                 6,910      49,129      56,039      0.31% 
---------------------  -----------------------  -------------  ----------  ----------  --------- 
 

For further information, please contact:

 
       Synectics plc                                       Tel: [phone] 
       Richard Brierley, Deputy                [e-mail] 
        Company Secretary                                      www.synecticsplc.com 
 
       Stockdale Securities                                    Tel: [phone] 
                                                                               6100 
       Tom Griffiths / Henry Willcocks 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 03, 2016 11:33 ET (15:33 GMT)