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6 Mar 2020 13:59
Synectics plc
("Synectics" or the "Company")
Director/PDMR dealings
6 March 2020
Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, announces that on 3 March 2020, Iain Stringer, a PDMR of the Company, exercised options over shares which had vested under the performance criteria of its Performance Share Plan ("PSP"), and sold sufficient shares at a price of £1.47655 per share to cover the immediate tax liability on exercise of the options. The balance of 7,210 shares respectively were transferred into his own name.
Name | Position | Status | PSP options exercised | Shares retained in own name | Shares sold |
Iain Stringer | Divisional Director Synectics Mobile Systems | PDMR | 12,500 | 7,210 | 5,290 |
Full details of the PSP are set out in the Company's Annual Report for the year ended 30 November 2018.
Interests in Shares
Following this transaction, the interests of Iain Stringer in the shares of the Company are as follows:
Name | Shares Held | Interest in Shares in Share Schemes | Resultant Total Interest | % of Issued Share Capital |
Iain Stringer | 7,210 | 10,000 | 17,210 | 0.01 |
For further information, please contact:
Synectics plc
Claire Stewart, Company Secretary
Tel: +44(0) 114 280 2828
Shore CapitalTom Griffiths / Henry WillcocksTel: +44 (0) 20 7408 4050
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Names | Iain Stringer | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| PDMR | ||||
b)
| Initial notification /Amendment | Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name | Synectics plc | ||||
b)
| LEI | 213800C1F7YZH96U2Z49 | ||||
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
| Ordinary Shares of 20p each | ||||
b) | Identification code
| GB0007156838 | ||||
c)
| Nature of the transaction
| Exercise of options and subsequent on-market sale of shares | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
n/a | ||||
e)
| Date of the transaction | 03 March 2020 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
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