Synectics PLC Exercise of Options and Director/PDMR dealings (1519U)

TIDMSNX

RNS Number : 1519U

Synectics PLC

27 March 2019

Synectics plc

("Synectics" or the "Company")

Exercise of Share Plan Options and Director/PDMR dealings

27 March 2019

Synectics (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces that on 26 March 2019 options over ordinary shares of 20p each in the Company ("Shares"), which vested under the performance criteria of its Performance Share Plan ("PSP"), were exercised and either held or sold at a price of GBP2.04 per Share, as follows:

 
 Name               Position           Status       PSP options   Shares retained   Shares sold 
                                                      exercised       in own name 
                                       Executive 
 Paul Webb*         Chief Executive     Director         30,000            15,793        14,207 
                   -----------------  -----------  ------------  ----------------  ------------ 
                    Managing 
                     Director, 
                     SSS Management 
 Stacey Anderson     Services          PDMR               4,000                 -         4,000 
                   -----------------  -----------  ------------  ----------------  ------------ 
                    Financial 
 Amanda Larnder*     Controller        PDMR               7,500             4,326         3,174 
                   -----------------  -----------  ------------  ----------------  ------------ 
 

*Paul Webb, Chief Executive, and Amanda Larnder sold sufficient Shares to cover the immediate tax liability on exercise of the options. The balance of 15,793 and 4,326 shares respectively were transferred into their own names.

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

 
 Name               Shares Held      Interest in         Resultant      % of Issued 
                                       Shares in    Total Interest    Share Capital 
                                   Share Schemes 
 Paul Webb               52,115          246,923           299,038            1.68% 
                   ------------  ---------------  ----------------  --------------- 
 Stacey Anderson              -           12,000            12,000            0.07% 
                   ------------  ---------------  ----------------  --------------- 
 Amanda Larnder           4,326            2,500             6,826            0.04% 
                   ------------  ---------------  ----------------  --------------- 
 

Full details of the PSP are set out in the Company's Annual Report for the year ended 30 November 2018.

For further information, please contact:

Synectics plc

Claire Stewart, Company Secretary

Tel: [phone]

Stockdale Securities

Tom Griffiths / Henry Willcocks

Tel: [phone]

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END

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March 27, 2019 04:32 ET (08:32 GMT)