Synectics PLC Director/PDMR Shareholding (8690N)

TIDMSNX

RNS Number : 8690N

Synectics PLC

11 May 2018

 
         11 May 2018 
 

Synectics plc

(the 'Company')

Exercise of Options under Share Plan and subsequent Sale of Shares

PDMR shareholdings

Synectics (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces that on 9 May 2018 the following share options, which vested under the performance criteria of its Performance Share Plan ('PSP'), were exercised and either held or sold by Executive Directors and other Persons Discharging Managerial Responsibility ('PDMRs').

 
                                                                  Number of shares 
---------------  --------------------  -----------  ------------------------------------------- 
 Name             Position              Status              PSP       Of which,       Of which, 
                                                        options    subsequently    subsequently 
                                                      exercised            held            sold 
                                                                         in own 
                                                                           name 
---------------  --------------------  -----------  -----------  --------------  -------------- 
                  Chief Executive,      Executive 
                   Synectics             Director 
 Paul Webb*        plc                   and PDMR        50,000          26,322          23,678 
---------------  --------------------  -----------  -----------  --------------  -------------- 
                  Finance Director,     Executive 
                   Synectics             Director 
 Mike Stilwell     plc                   and PDMR        25,000               -          25,000 
---------------  --------------------  -----------  -----------  --------------  -------------- 
                  Business Strategy 
                   Director, 
 David             Synectic Systems 
  Aindow           Group Limited        PDMR             25,000               -          25,000 
---------------  --------------------  -----------  -----------  --------------  -------------- 
                  Divisional 
                   Director, 
                   Oil & Gas, 
 Darren            Synectic Systems 
  Alder            Group Limited        PDMR              7,500               -           7,500 
---------------  --------------------  -----------  -----------  --------------  -------------- 
                  Managing Director, 
 Stacey            SSS Management 
  Anderson         Services             PDMR              7,500               -           7,500 
---------------  --------------------  -----------  -----------  --------------  -------------- 
                  Organisational 
                   Development 
                   Director, 
                   Synectics 
 Jeff Fail         plc                  PDMR             30,000               -          30,000 
---------------  --------------------  -----------  -----------  --------------  -------------- 
 

*Paul Webb, Chief Executive, sold sufficient shares to cover the immediate tax liability on exercise of the options. The balance of 26,322 shares were transferred into his own name.

Following these transactions, their total interests in Synectics shares are now as follows:

 
                                                    Interest                   % of 
                                       Ordinary    in shares   Resultant     issued 
                                         shares     in share       total      share 
 Name         Position                     held      schemes    interest    capital 
-----------  -------------------  -------------  -----------  ----------  --------- 
              Chief Executive, 
 Paul          Synectics 
  Webb         plc                       36,322      251,325     287,647      1.62% 
-----------  -------------------  -------------  -----------  ----------  --------- 
              Finance Director, 
 Mike          Synectics 
  Stilwell     plc                        6,910       26,273      33,183      0.19% 
-----------  -------------------  -------------  -----------  ----------  --------- 
              Business 
               Strategy 
               Director, 
               Synectic 
 David         Systems Group 
  Aindow       Limited                        -       13,000      13,000      0.07% 
-----------  -------------------  -------------  -----------  ----------  --------- 
              Divisional 
               Director, 
               Oil & Gas, 
               Synectic 
 Darren        Systems Group 
  Alder        Limited                        -       15,000      15,000      0.08% 
-----------  -------------------  -------------  -----------  ----------  --------- 
              Managing 
               Director, 
 Stacey        SSS Management 
  Anderson     Services                       -       16,000      16,000      0.09% 
-----------  -------------------  -------------  -----------  ----------  --------- 
              Organisational 
               Development 
               Director, 
 Jeff          Synectics 
  Fail         plc                            -       14,000      14,000      0.08% 
-----------  -------------------  -------------  -----------  ----------  --------- 
 

Full details of the PSP are set out in the Company's Annual Report for the year ended 30 November 2017.

Commenting, Paul Webb, Chief Executive, said:

"I am very pleased that the Company's performance has led to the vesting in full of the share awards issued in March 2015.

"I have chosen to retain the maximum number of shares from my award after selling sufficient to cover the immediate tax liability. Other award holders have made their own individual choices."

For further information, please contact:

 
       Synectics plc                         Tel: [phone] 
       Jan Mitson, Deputy Company                 www.synecticsplc.com 
        Secretary 
 
       Stockdale Securities                  Tel: [phone] 
       Tom Griffiths/Henry Willcocks 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 11, 2018 10:38 ET (14:38 GMT)