Last checked at 28 Apr 2017 16:01
| 28 April 2017 |
Synectics plc
(the "Company")
Director / PDMR shareholding
The Company has been notified that the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP") has purchased 8,038 ordinary shares of 20 pence each in the Company in accordance with the ESAP's rules and on behalf of all ESAP participants.
The shares were purchased on 27 April 2017 at a price of 230 pence each in respect of the six month accumulation period ended on 31 March 2017.
Under the terms of the ESAP, participating members, including employees and certain Directors of the Company, contribute a fixed amount to the Trustee on a monthly basis. The Trustee acquires a number of shares in the Company at the end of the six month accumulation period (the "Period") based upon the contributions made in the Period and determined by the lowest share price at either the beginning of the Period or on the date of purchase. In this instance the share price used for the allocation of the number of shares for ESAP purposes was the price per share at the beginning of the Period (212.5 pence).
As a result of these purchases, the Company has been notified that Paul Webb and Mike Stilwell, Directors and PDMRs of the Company, have each acquired an interest in 423 shares.
Following the share purchase in relation to the ESAP, the interests of Paul Webb and Mike Stilwell in Synectics shares are as follows:
Name | Position | Ordinary shares held | Interest in shares in Share Schemes | ResultantTotalInterest | % ofIssuedShare Capital |
Paul Webb | Chief Executive | 10,000 | 300,347 | 310,347 | 1.74% |
Mike Stilwell | Finance Director | 6,910 | 50,647 | 57,557 | 0.32% |
For further information, please contact:
Synectics plc | Tel: +44 (0) 1527 850 080 |
Richard Brierley, Company Secretary | legalandsecretarial@synecticsplc.com www.synecticsplc.com |
Stockdale Securities | Tel: +44 (0) 20 7601 6100 |
Tom Griffiths / Henry Willcocks |