Porvair PLC Grant of options (9063T)

TIDMPRV

RNS Number : 9063T

Porvair PLC

22 March 2023

For immediate release 22 March 2023

Grant of SAYE Options

Porvair plc ("Porvair", the "Group" or the "Company"), the specialist filtration and environmental technologies group, announces that on 22 March 2023 it granted options under the Group's Save As You Earn scheme ("SAYE") including to James Mills.

Grant of SAYE options

Options under the SAYE were granted to PDMRs as follows:

 
                              Options 
                               awarded                       Minimum     Total options 
                              under the    Grant    Vesting   holding    held, including 
   Director     Position     SAYE scheme    date      date    period      SAYE options 
                                          22 March  1 June 
 James Mills       CFO         5,836        2023      2028     None         153,256 
               ----------  -------------  --------  -------  --------  ----------------- 
 

These options were granted at 514 pence per share and have no performance conditions.

Following this grant the total number of LTSP and SAYE options in issue is 935,092, representing approximately 2.0% of the shares in issue.

For further information, please contact:

 
 
 Chris Tyler, Group Company Secretary     01553 765 500 
 

Notes to editors

Porvair plc

Porvair is a group of specialist filtration, laboratory 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. It operates in three divisions: Aerospace & Industrial; Laboratory; and Metal Melt Quality.

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a.    Name                             James Mills 
      -------------------------------  ----------------------------------------------- 
 2.    Reason for the notification 
      -------------------------------------------------------------------------------- 
 a.    Position/status                  CFO 
      -------------------------------  ----------------------------------------------- 
 b.    Initial notification             Initial notification 
        /Amendment 
      -------------------------------  ----------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------- 
 a.    Name                             Porvair plc 
      -------------------------------  ----------------------------------------------- 
 b.    LEI                              213800ECKHS8LAQO3C45 
      -------------------------------  ----------------------------------------------- 
 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                      Options over Ordinary Shares of 2 pence 
        of the                           under the Porvair plc Save As You Earn Scheme 
        Financial instrument, 
        type                             GB0006963689 
        of instrument 
        Identification 
        code 
      -------------------------------  ----------------------------------------------- 
 b.    Nature of the 
        transaction                       Grant of options 
      -------------------------------  ----------------------------------------------- 
 c.    Price(s) and                       Price(s)   Volume(s) 
        volume(s)                          5.14       5,836 
                                                     ---------- 
      -------------------------------  ----------------------------------------------- 
 d.         Aggregated information 
              *    Aggregated volume      As above 
 
 
              *    Price 
      -------------------------------  ----------------------------------------------- 
       Date of the 
 e.     transaction                     2023-03-22 
      -------------------------------  ----------------------------------------------- 
 f.    Place of the                     Outside a trading venue 
        transaction 
      -------------------------------  ----------------------------------------------- 
 

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March 22, 2023 11:03 ET (15:03 GMT)