Flowtech Fluidpower PLC Director/PDMR Shareholding (2354W)

TIDMFLO

RNS Number : 2354W

Flowtech Fluidpower PLC

22 April 2021

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

FLOWTECH FLUIDPOWER PLC

("Flowtech" or the "Company")

Director / PDMR Shareholding

Flowtech Fluidpower plc, the UK's leading specialist supplier of technical fluid power products, announces that it has been notified that Roger McDowell, Non-Executive Chair of Flowtech, has purchased a total of 750,000 ordinary shares of 50 pence each in the Company ("Ordinary Shares") on 21 April 2021 at a price of 100 pence per Ordinary Share via his SIPP.

Following this transaction, Mr. McDowell has an interest in 750,000 Ordinary Shares, representing approximately 1.22 per cent. of the Company's issued Ordinary Share Capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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                                     Roger McDowell 
      ---------------------------------------  -------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------- 
 a)    Position/status                          Non-Executive Chair 
      ---------------------------------------  -------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  -------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------- 
 a)    Name                                     Flowtech Fluidpower plc 
      ---------------------------------------  -------------------------------------- 
 b)    LEI                                      213800N68SQY5X5XS290 
      ---------------------------------------  -------------------------------------- 
 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 the                       Ordinary Shares of 50 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00BM4NR742 
 
 b)    Nature of the transaction                Purchase of ordinary shares 
      ---------------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ----------------  ----------------- 
                                                 Price(s)          Volume(s) 
                                                ----------------  ----------------- 
                                                 100p              750,000 
                                                ----------------  ----------------- 
 
 d)    Aggregated information 
  - Aggregated volume                      750,000 shares 
  - Price                                  100p each 
 e)    Date of the transaction                  21 April 2021 
 f)    Place of the transaction                 London Stock Exchange, AIM 
      ---------------------------------------  -------------------------------------- 
 

Enquiries to:

Flowtech Fluidpower plc

Bryce Brooks, Chief Executive Officer

Russell Cash, Chief Financial Officer

Tel: [phone]

Email [e-mail]

LSE: AIM symbol FLO

Zeus Capital Limited (Nominated Adviser and Broker)

Andrew Jones, Kieran Russell (corporate finance)

Dominic King, John Goold (sales & broking)

Tel: [phone]

finnCap Limited (Joint Broker)

Ed Frisby, Kate Bannatyne (Corporate Finance)

Rhys Williams, Andrew Burdis (Sales & Broking)

Tel: + 44 (0) 20 7220 0500

TooleyStreet Communications (IR and media relations)

Fiona Tooley

Tel: [phone] or email : [e-mail]

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April 22, 2021 02:00 ET (06:00 GMT)