Last checked at 26 Jun 2013 07:00
FOR IMMEDIATE RELEASE 26 June 2013
Porvair plc ("Porvair" or the "Company")
Directors' Shareholdings and Issue of Equity
The Company was notified on 25 June 2013 of the following exercises of options over ordinary Porvair shares of 2 pence each ("Porvair Shares") on the same date by Ben Stocks, Chief Executive Officer, and Chris Tyler, Group Finance Director, pursuant to the Company's share option schemes.
Director | Scheme | Year of grant | Exercise price | Options exercised |
Ben Stocks | 2005 EMI | 2006 | 131p | 54,530 |
Ben Stocks | 2005 | 2006 | 131p | 123,670 |
Ben Stocks | 2005 | 2009 | 69.5p | 100,000 |
Chris Tyler | 2005 EMI | 2006 | 131p | 61,130 |
Chris Tyler | 2005 | 2006 | 131p | 23,670 |
On the same date, the Company was notified that on such date, Ben Stocks has sold 175,000 of these new Porvair Shares at an average price of 283.07 pence per share and Chris Tyler has sold 46,000 of these new Porvair Shares at a price of 283.07 pence per share in order to meet the cost of exercise and the personal taxation liabilities arising on the options.
The Company was notified on 19 June 2013 of the following purchases of Ordinary Shares by Andrew Walker and Ben Stocks respectively, pursuant to the Company's dividend reinvestment plan.
Director | Date of purchase | Number of Porvair shares purchased | Purchase price |
Andrew Walker | 7 June 2013 | 26 | 270p |
Ben Stocks | 7 June 2013 | 1,809 | 270p |
Following these dealings, Ben Stocks is interested in 438,708 Porvair Shares, representing approximately 0.8 per cent. of the Company's issued share capital; Chris Tyler is interested in 252,450 Porvair Shares, representing approximately 0.5 per cent. of the Company's issued share capital; and Andrew Walker is interested in 29,480 Ordinary Shares, representing approximately 0.07 per cent. of the Company's issued share capital.
As a result of the exercise of options, including those noted above, the Company has today issued in aggregate 368,382 new Porvair Shares. Following the issue of the new Porvair Shares, the Company will have 43,719,454 ordinary shares in issue.
For further information, please contact:
Porvair plc | 01553 765 500 |
Ben Stocks, Chief Executive | |
Chris Tyler, Group Finance Director | |
Buchanan | 0207 466 5000 |
Charles Ryland / Helen Greenwood / Clare Akhurst |
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.