Last checked at 11 May 2018 15:38
| 11 May 2018 |
Synectics plc
(the 'Company')
Exercise of Options under Share Plan and subsequent Sale of Shares
PDMR shareholdings
Synectics (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces that on 9 May 2018 the following share options, which vested under the performance criteria of its Performance Share Plan ('PSP'), were exercised and either held or sold by Executive Directors and other Persons Discharging Managerial Responsibility ('PDMRs').
Number of shares | |||||
Name | Position | Status | PSP options exercised | Of which, subsequently held in own name | Of which, subsequently sold |
Paul Webb* | Chief Executive, Synectics plc | Executive Director and PDMR | 50,000 | 26,322 | 23,678 |
Mike Stilwell | Finance Director, Synectics plc | Executive Director and PDMR | 25,000 | - | 25,000 |
David Aindow | Business Strategy Director, Synectic Systems Group Limited | PDMR | 25,000 | - | 25,000 |
Darren Alder | Divisional Director, Oil & Gas, Synectic Systems Group Limited | PDMR | 7,500 | - | 7,500 |
Stacey Anderson | Managing Director, SSS Management Services | PDMR | 7,500 | - | 7,500 |
Jeff Fail | Organisational Development Director, Synectics plc | PDMR | 30,000 | - | 30,000 |
*Paul Webb, Chief Executive, sold sufficient shares to cover the immediate tax liability on exercise of the options. The balance of 26,322 shares were transferred into his own name.
Following these transactions, their total interests in Synectics shares are now as follows:
Name | Position | Ordinary shares held | Interest in shares in share schemes | Resultanttotalinterest | % ofissuedshare capital |
Paul Webb | Chief Executive, Synectics plc | 36,322 | 251,325 | 287,647 | 1.62% |
Mike Stilwell | Finance Director, Synectics plc | 6,910 | 26,273 | 33,183 | 0.19% |
David Aindow | Business Strategy Director, Synectic Systems Group Limited | - | 13,000 | 13,000 | 0.07% |
Darren Alder | Divisional Director, Oil & Gas, Synectic Systems Group Limited | - | 15,000 | 15,000 | 0.08% |
Stacey Anderson | Managing Director, SSS Management Services | - | 16,000 | 16,000 | 0.09% |
Jeff Fail | Organisational Development Director, Synectics plc | - | 14,000 | 14,000 | 0.08% |
Full details of the PSP are set out in the Company's Annual Report for the year ended 30 November 2017.
Commenting, Paul Webb, Chief Executive, said:
"I am very pleased that the Company's performance has led to the vesting in full of the share awards issued in March 2015.
"I have chosen to retain the maximum number of shares from my award after selling sufficient to cover the immediate tax liability. Other award holders have made their own individual choices."
For further information, please contact:
Synectics plc | Tel: +44 (0) 1527 850 080 |
Jan Mitson, Deputy Company Secretary | www.synecticsplc.com |
Stockdale Securities | Tel: +44 (0) 20 7601 6100 |
Tom Griffiths/Henry Willcocks |