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Last checked at 
18 Feb 2020 07:00
18 February 2020
Porvair plc ("Porvair" or the "Company")
Director's Shareholding and Issue of Equity
The Company was notified of the following transactions by PDMR's of the Company:
On 14 February 2020, Chris Tyler, Group Finance Director, exercised 6,312 Save As You Earn ("SAYE") options over ordinary shares of 2 pence each in the Company ("Ordinary Shares") and subsequently sold the same number of Ordinary Shares.
On 17 February 2020, Chris Tyler exercised 53,500 options over Ordinary Shares under the Long Term Share Plan ("LTSP") and Ben Stocks, Chief Executive Officer exercised 76,200 options over Ordinary Shares under the LTSP.
In order to meet the costs of exercise, the personal taxation liabilities arising on the options and certain other financial commitments, Chris Tyler and Ben Stocks subsequently sold 113,470 Ordinary Shares and 171,530 Ordinary Shares respectively, each at a price of 680 pence per Ordinary Share.
Following the above transactions, Ben Stocks' holding in the Company (including shares held by his wife) is 669,510 Ordinary Shares, representing approximately 1.5 per cent. of the Company's issued share capital and Chris Tyler's holding in the Company is 434,341 Ordinary Shares, representing approximately 0.9 per cent. of the Company's issued share capital.
Total Voting Rights
Following this and other SAYE issues totalling 18,212 new Ordinary Shares, the Company will have 46,059,411 Ordinary Shares in issue. There are no Ordinary Shares held in treasury. Therefore, as at today's date, the total number of voting rights in the Company is 46,059,411. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure, Guidance and Transparency Rules.
For further information, please contact:
Porvair plc | 01553 765 500 |
Chris Tyler, Group Finance Director | |
Notes to Editors
Porvair is a group of specialist filtration and environmental technology businesses. Its businesses design and manufacture a range of bespoke consumable filtration products that are used in a range of niche filtration markets. It operates in three divisions: Aerospace & Industrial; Laboratory; and Metal Melt Quality.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a. | Name | Christopher Tyler | ||||||
2. | Reason for the notification | |||||||
a. | Position/status | CFO | ||||||
b. | Initial notification /Amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Porvair plc | ||||||
b. | LEI | 213800ECKHS8LAQO3C45 | ||||||
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 Financial instrument, type of instrument Identification code | Ordinary shares of 2p
GB0006963689 | ||||||
b. | Nature of the transaction |
Exercise of SAYE share options
Sale of ordinary shares
| ||||||
c. | Price(s) and volume(s) |
| ||||||
d. | Aggregated information ·; Aggregated volume ·; Price
|
As above | ||||||
e. | Date of the transaction | 14 February 2020 | ||||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON)
| ||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||
a. | Name | Christopher Tyler | |||||||||||||||
2. | Reason for the notification | ||||||||||||||||
a. | Position/status | CFO | |||||||||||||||
b. | Initial notification /Amendment | Initial notification | |||||||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||||||
a. | Name | Porvair plc | |||||||||||||||
b. | LEI | 213800ECKHS8LAQO3C45 | |||||||||||||||
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 Financial instrument, type of instrument Identification code | Ordinary shares of 2p
GB0006963689 | |||||||||||||||
b. | Nature of the transaction |
Exercise of options
Sale of ordinary shares
| |||||||||||||||
c. | Price(s) and volume(s) |
| |||||||||||||||
d. | Aggregated information ·; Aggregated volume ·; Price
|
| |||||||||||||||
e. | Date of the transaction | 17 February 2020 | |||||||||||||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON)
| |||||||||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||
a. | Name | Ben Stocks | |||||||||||||||
2. | Reason for the notification | ||||||||||||||||
a. | Position/status | CEO | |||||||||||||||
b. | Initial notification /Amendment | Initial notification | |||||||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||||||
a. | Name | Porvair plc | |||||||||||||||
b. | LEI | 213800ECKHS8LAQO3C45 | |||||||||||||||
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 Financial instrument, type of instrument Identification code | Ordinary shares of 2p
GB0006963689 | |||||||||||||||
b. | Nature of the transaction |
Exercise of options
Sale of ordinary shares
| |||||||||||||||
c. | Price(s) and volume(s) |
| |||||||||||||||
d. | Aggregated information ·; Aggregated volume ·; Price
|
| |||||||||||||||
e. | Date of the transaction | 17 February 2020 | |||||||||||||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON)
| |||||||||||||||
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