Porvair PLC Director's Shareholding and Issue of Equity (5355T)

TIDMPRV

RNS Number : 5355T

Porvair PLC

13 October 2017

FOR IMMEDIATE RELEASE 13 October 2017

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

Director's Shareholding and Issue of Equity

The Company was notified on 11 October 2017 of the following exercise of Save As You Earn options ("SAYE") over ordinary shares of 2 pence each in the Company ("Ordinary Shares").

 
Director      Scheme   Year of  Exercise price  Options exercised 
                         grant 
Ben Stocks      SAYE      2014            240p              7,500 
 

On the same day, the Company was notified that Ben Stocks, Group CEO had sold the following Ordinary Shares arising from the exercise.

 
Director      Transaction   Price  Number 
Ben Stocks            Sale   489p   7,500 
 
 

Following these dealings, Ben Stocks's holding in the Company remains at 698,078 Ordinary Shares, representing approximately 1.5 per cent. of the Company's issued share capital.

Arising from exercises of options relating to the SAYE scheme, the Company has issued 114,390 new Ordinary shares. The Company currently has 45,635,925 Ordinary Shares in issue. There are no Ordinary Shares held in treasury. Therefore, as at today's date, the total number of voting rights in the Company is 45,635,925. 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 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. Its principal markets are aviation, energy and industrial process, environmental laboratories and non-ferrous metals.

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                            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 
---  ------------------------------  ----------------------------------- 
 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                     Ordinary shares of 2p 
       of the 
       Financial 
       instrument,                     GB0006963689 
       type 
       of instrument 
       Identification 
       code 
---  ------------------------------  ----------------------------------- 
 b.   Nature of 
       the transaction                  Exercise of SAYE share options 
 
                                        Sale of ordinary shares 
---  ------------------------------  ----------------------------------- 
 c.   Price(s)                          Price(s)    Volume(s) 
       and volume(s)                    ----------  ---------- 
                                         GBP2.40     7,500 
                                        ----------  ---------- 
                                         GBP4.89     7,500 
                                        ----------  ---------- 
---  ------------------------------  ----------------------------------- 
 d.        Aggregated 
            information                 As above 
             *    Aggregated volume 
 
 
             *    Price 
---  ------------------------------  ----------------------------------- 
 e.   Date of the                     2017-10 -11 
       transaction 
---  ------------------------------  ----------------------------------- 
 f.   Place of                        London Stock Exchange, Main Market 
       the transaction                 (XLON) 
---  ------------------------------  ----------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 13, 2017 05:00 ET (09:00 GMT)