Synthomer PLC Director/PDMR Shareholding (8189V)

TIDMSYNT

RNS Number : 8189V

Synthomer PLC

10 April 2019

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

On 9 April 2019 Calum MacLean, Chief Executive Officer, Synthomer plc (the "Company"), exercised a nil cost long term incetive plan award over 157,243 ordinary shares granted in 2016 under the Company's 2011 Performance Share Plan. Mr MacLean has retained 83,338 of the resultant shares and disposed of 73,905 of the resultant shares to satisfy tax liabilities arising on the exercise. Following this award exercise Mr MacLean's shareholding in the Company has increased to 470,178 ordinary shares. The following information is provided in accordance with the Market Abuse regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Calum MacLean 
     --------------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status                   Chief Executive 
     --------------------------------  -------------------------------------------- 
 b)   Initial notification              Initial notification 
       /Amendment 
     --------------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                              Synthomer plc 
     --------------------------------  -------------------------------------------- 
 b)   LEI                               213800EHT3TI1KPQQJ56 
     --------------------------------  -------------------------------------------- 
 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 10p each 
       financial instrument, 
       type of instrument 
 
      Identification code               GB0009887422 
 
 b)   Nature of the transaction         Exercise of long term incentive plan 
                                         award granted in 2016 under the 2011 
                                         Performance Share Plan and disposal 
                                         of sufficient resultant shares to 
                                         cover tax and NI liability. 
     --------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s) 
                                         -------------  ------------------------- 
                                          Price(s)       Volume(s) 
                                         -------------  ------------------------- 
                                          GBP3.894       83,338 (Retained) 
                                         -------------  ------------------------- 
                                          GBP3.894       73,905 (Disposed) 
                                         -------------  ------------------------- 
 
 d)   Aggregated information 
 
      - Aggregated volume               Not applicable 
 
      - Price                           Not applicable 
 
 e)   Date of the transaction           9 April 2019 
     --------------------------------  -------------------------------------------- 
 f)   Place of the transaction          London 
     --------------------------------  -------------------------------------------- 
 

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April 10, 2019 11:50 ET (15:50 GMT)