Synectics PLC Director/PDMR Shareholding (2929V)

TIDMSNX

RNS Number : 2929V

Synectics PLC

04 April 2023

 
  RNS    4 April 2023 
 

Synectics plc

("Synectics" or the "Company")

Director dealings

Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems , has been notified that on 3 April 2023, the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP") purchased a total of 13,369 ordinary shares of 20 pence each in the Company ("Ordinary Shares") at a price of GBP1.15 per share in accordance with the ESAP's rules and on behalf of all ESAP participants, in respect of the six-month accumulation period ended on 31 March 2023.

Under the terms of the ESAP, participating members, including employees and an executive Director of the Company, contribute a fixed amount to the Trustee on a monthly basis. The Trustee acquires a number of shares at the end of the six-month accumulation period (the "Period") based upon the contributions made in the Period and determined by the lowest share price at either the beginning of the Period or on the date of purchase. In this instance, the share price used for the allocation of the number of shares for ESAP purposes was the price per share at the beginning of the Period which was GBP1.05.

As a result of this purchase, the Company has been notified that the following Director has acquired the following interests in Ordinary Shares:

 
                                 Number of Ordinary 
                                   Shares Purchased 
   Name         Position             by the Trustee 
 Paul Webb    Chief Executive                   857 
             -----------------  ------------------- 
 

Following this purchase, the interests of Mr Webb in Ordinary Shares are as follows:

 
 Name                                   Interest 
                      Number of      in Ordinary 
                Ordinary Shares        Shares in          Resultant       % of Issued 
                           Held    Share Schemes     Total Interest     Share Capital 
 Paul Webb               57,115          514,033            571,148              3.21 
             ------------------  ---------------  -----------------  ---------------- 
 

For further information, please contact:

 
 Synectics plc                        Tel: [phone] 
  Claire Stewart, Company Secretary        www.synecticsplc.com 
  email: [e-mail] 
 
 Shore Capital 
 Tom Griffiths / David Coaten         Tel: [phone] 
 

About Synectics plc

Synectics (AIM: SNX) is a leader in advanced security and surveillance systems that help protect people, property, communities, and assets around the world.

The Company's expertise is in providing solutions for specific markets where security and surveillance are critical to operations. These include gaming, oil and gas, public space, transport, and critical infrastructure.

Synectics has deep industry experience in these markets and works closely with customers to deliver solutions that are tailored to meet their needs. Technical excellence, combined with decades of experience and long-standing customer relationships, provides fundamental differentiation from mainstream suppliers and makes the Company a stand-out in its field.

Find out more at www.synecticsplc.com

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April 04, 2023 03:09 ET (07:09 GMT)