Elektron Technology PLC Director/PDMR Shareholding (3754U)

TIDMEKT

RNS Number : 3754U

Elektron Technology PLC

23 October 2017

Elektron Technology plc

("Elektron" or the "Company")

Director / PDMR Shareholding

Elektron Technology plc announces that on 23 October 2017 John Wilson 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 20 October 2017 being 16.875p.

The resulting shares and options held by John Wilson following the above transaction are as follows:

 
 
 Shares                  2,600,000 (1.4%) 
 Market Value Options    1,357,661 
 Options awarded 
  under LTIP             5,000,000 
 

Following the above transaction the Elektron Technology plc 2012 Employee Benefit Trust is interested in 8,099,811 ordinary shares in the capital of the Company, representing 4.35% 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) 
 Abigail Wayne (Corporate Broking) 
 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulations and sets out more details of the transaction.

 
 1.    Details of PDMR 
----  --------------------------------------------------------- 
 (a)   Name                   John Wilson 
----  ---------------------  ---------------------------------- 
 2.    Reason for notification 
----  --------------------------------------------------------- 
 (b)   Position /             CEO 
        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           183,839 ordinary shares @ 16.875p 
        volume                 each 
----  ---------------------  ---------------------------------- 
 (d)   Aggregated             N/A 
        information 
----  ---------------------  ---------------------------------- 
 (e)   Date of the            23 October 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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(END) Dow Jones Newswires

October 23, 2017 11:16 ET (15:16 GMT)