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2 Apr 2020 09:11
Synectics plc
("Synectics" or the "Company")
Director/PDMR dealings
2 April 2020
Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, has been notified that the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP") purchased on 1 April 2020 13,875 ordinary shares of 20 pence each in the Company at £1.185 per share in accordance with the ESAP's rules and on behalf of all ESAP participants, in respect of the six-month accumulation period ended on 31 March 2020.
Under the terms of the ESAP, participating members, including employees and Directors of the Company, contribute a fixed amount to the Trustee on a monthly basis. The Trustee acquires a number of shares 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 on the date of purchase.
As a result of this purchase, the Company has been notified that the following Executive Director and PDMRs have acquired the following interests in shares of the Company:
Name | Position | Status | Number of Shares purchased by the Trustee |
Paul Webb | Chief Executive | Executive Director | 760 |
Greg Alcorn | Divisional Director | PDMR | 760 |
David Lowe | Business Strategy Director | PDMR | 759 |
Mark Pennington | Managing Director: QSG | PDMR | 506 |
Following this purchase, the interests of Paul Webb, Greg Alcorn, David Lowe and Mark Pennington 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 |
Paul Webb | 52,115 | 233,909 | 286,024 | 1.61% |
Greg Alcorn | - | 3,237 | 3,237 | 0.02% |
David Lowe | 10,000 | 20,759 | 30,759 | 0.17% |
Mark Pennington | - | 10,506 | 10,506 | 0.06% |
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 | Paul Webb | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Executive Director | ||||
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
| Purchase (by employee share acquisition plan) | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
n/a | ||||
e)
| Date of the transaction | 1 April 2020 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Names | Greg Alcorn | ||||
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
| Purchase (by employee share acquisition plan) | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
n/a | ||||
e)
| Date of the transaction | 1 April 2020 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Names | David Lowe | ||||
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
| Purchase (by employee share acquisition plan) | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
n/a | ||||
e)
| Date of the transaction | 1 April 2020 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Names | Mark Pennington | ||||
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
| Purchase (by employee share acquisition plan) | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
n/a | ||||
e)
| Date of the transaction | 1 April 2020 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
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