Share Name Share Symbol Market Type Share ISIN Share Description
PORVAIR ORD NEX:PRV.GB NEX Ordinary Share GB0006963689
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +10.00p +1.82% 559.00p 474.00p 624.00p 549.00p 549.00p 549.00p 0 16:30:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Porvair PLC Director/PDMR Shareholding

28/06/2019 11:30am

UK Regulatory (RNS & others)


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RNS Number : 8425D

Porvair PLC

28 June 2019

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

Director's Shareholding

The Company was notified on 27 June 2019 of the following exercises of Long Term Share Plan Share options ("LTSP") over ordinary shares of 2 pence each in the Company ("Ordinary Shares").

 
Director       Scheme   Year of grant  Exercise price  Options exercised 
Ben Stocks       LTSP            2016            2.0p             96,700 
Chris Tyler      LTSP            2016            2.0p             67,900 
 

On the same day, the Company was notified that Ben Stocks, Group CEO, and Chris Tyler, Group Finance Director, had sold the following Ordinary Shares in order to meet the cost of exercise, the personal taxation liabilities arising on the options and certain other financial commitments.

 
Director       Transaction      Price  Number 
Ben Stocks             Sale   GBP5.82  76,700 
Chris Tyler            Sale   GBP5.82  52,900 
 

The Company was also notified on 27 June 2019 of the following purchase on 7 June 2019 by Ben Stocks of Ordinary Shares pursuant to the Group's dividend reinvestment plan ("DRIP").

 
Director        Transaction      Price  Number 
Ben Stocks     DRIP purchase   GBP5.68   3,513 
 

Following these dealings, Ben Stocks' holding in the Company has increased by 23,513 Ordinary Shares to 762,933 Ordinary Shares, representing approximately 1.7 per cent. of the Company's issued share capital. Chris Tyler's holding in the Company has increased by 15,000 Ordinary Shares to 494,311 Ordinary Shares, representing approximately 1.1 per cent. of the Company's issued share capital.

As at today's date, the total number of voting rights in the Company is 45,843,599. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

 
 Porvair plc                            01553 765 500 
 Chris Tyler, Group Finance Director 
 
 

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. It operates in three divisions: Aerospace & Industrial; Laboratory; and Metal Melt Quality.

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
      a.         Name                            Christopher Tyler 
                ------------------------------  ------------------------------------------ 
            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 of                  Ordinary shares of 2p 
                  the 
                  Financial instrument, 
                  type                            GB0006963689 
                  of instrument 
                  Identification 
                  code 
                ------------------------------  ------------------------------------------ 
            b.   Nature of the 
                  transaction                      1) Exercise of LTSP share options 
 
                                                   2) Sale of ordinary shares 
                ------------------------------  ------------------------------------------ 
            c.   Price(s) and volume(s)                 Price(s)   Volume(s) 
                                                    1)   GBP0.02    67,900 
                                                        ---------  ---------- 
                                                    2)   GBP5.82    52,900 
                                                        ---------  ---------- 
                ------------------------------  ------------------------------------------ 
            d.        Aggregated information 
                        *    Aggregated volume     As above 
 
 
                        *    Price 
                ------------------------------  ------------------------------------------ 
            e.   Date of the transaction         27 June 2019 
                ------------------------------  ------------------------------------------ 
            f.   Place of the transaction        London Stock Exchange, Main Market (XLON) 
                ------------------------------  ------------------------------------------ 
 
 
      1.         Details of the person discharging managerial responsibilities 
                  / person closely associated 
      a.         Name                            Ben Stocks 
                ------------------------------  --------------------------------------------- 
            2.   Reason for the notification 
                ----------------------------------------------------------------------------- 
            a.   Position/status                 CEO 
                ------------------------------  --------------------------------------------- 
            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 of                  Ordinary shares of 2p 
                  the 
                  Financial instrument, 
                  type                            GB0006963689 
                  of instrument 
                  Identification 
                  code 
                ------------------------------  --------------------------------------------- 
            b.   Nature of the 
                  transaction                      1) Exercise of LTSP share options 
 
                                                   2) Sale of ordinary shares 
 
                                                   3) Purchase of shares through the dividend 
                                                   reinvestment plan 
                ------------------------------  --------------------------------------------- 
            c.   Price(s) and volume(s)                 Price(s)   Volume(s) 
                                                    1)   GBP0.02    96,700 
                                                        ---------  ---------- 
                                                    2)   GBP5.82    76,700 
                                                        ---------  ---------- 
                                                    3)   GBP5.68    3,513 
                                                        ---------  ---------- 
                ------------------------------  --------------------------------------------- 
            d.        Aggregated information 
                        *    Aggregated volume     As above 
 
 
                        *    Price 
                ------------------------------  --------------------------------------------- 
            e.   Date of the transaction         27 June 2019 
                ------------------------------  --------------------------------------------- 
            f.   Place of the transaction        London Stock Exchange, Main Market (XLON) 
                ------------------------------  --------------------------------------------- 
 
, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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June 28, 2019 06:30 ET (10:30 GMT)

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