Synthomer PLC Director/PDMR Shareholding (8190V)

TIDMSYNT

RNS Number : 8190V

Synthomer PLC

10 April 2019

LEI: 213800EHT3TI1KPQQJ56

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

On 9 April 2019 Stephen Bennett, Chief Financial Officer, Synthomer plc (the "Company"), exercised a nil cost long term incetive plan award over 78,591 ordinary shares granted in 2016 under the Company's 2011 Performance Share Plan. Mr Bennett has retained 41,653 of the resultant shares and disposed of 36,938 of the resultant shares to satisfy tax liabilities arising on the exercise. Following these award exercises Mr Bennett's shareholding in the Company has increased to 142,930 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                              Stephen Bennett 
     --------------------------------  ------------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------------------- 
 a)   Position/status                   Chief Financial Officer 
     --------------------------------  ------------------------------------------------ 
 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 
                                         awards 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        41,653 (Retained) 
                                         --------------  ---------------------------- 
                                          GBP3.894        36,938 (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 
     --------------------------------  ------------------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DSHEASLEFLNNEFF

(END) Dow Jones Newswires

April 10, 2019 11:51 ET (15:51 GMT)