Last checked at 24 Mar 2017 08:00
FOR IMMEDIATE RELEASE 24 March 2017
Porvair plc ("Porvair" or the "Company")
Director's Shareholding and Issue of Equity
The Company was notified on 22 March 2017 of the following exercise of options over ordinary shares of 2 pence each in the Company ("Ordinary Shares") on the same date by Chris Tyler, Group Finance Director, pursuant to the Company's SAYE Share Option Scheme.
Director | Scheme | Year of grant | Exercise price | Options exercised |
Chris Tyler | SAYE | 2011 | 93p | 16,586 |
These five year SAYE options granted in 2011 were exercisable between 1 October 2016 and 31 March 2017. Following this dealing, Chris Tyler's holding in the Company has increased by 16,586 Ordinary Shares to 449,036 Ordinary Shares, representing approximately 1.0 per cent. of the Company's issued share capital.
Following the issue of the 16,586 new Ordinary Shares, the Company has 45,343,505 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 45,343,505. 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 and Transparency Rules.
For further information, please contact:
Porvair plc | 01553 765 500 |
Chris Tyler, Group Finance Director |
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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. Its principal markets are aviation, energy and industrial process, environmental laboratories and non-ferrous metals.
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 |
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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
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c. | Price(s) and volume(s) |
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d. | Aggregated information · Aggregated volume · Price
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16,586
£0.93 | ||||
e. | Date of the transaction | 2017-03-22 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON)
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