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Director/PDMR Shareholding

23 Oct 2015 10:35

RNS Number : 2421D
Synectics PLC
23 October 2015
 

 

23 October 2015

 

 

 

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 9,400 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 22 October 2015 at a price of 168 pence each in respect of the six month accumulation period ended on 30 September 2015.

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 contribution 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 (123.5 pence).

As a result of these purchases, the Company has been notified that Paul Webb and Nigel Poultney, directors of the Company, have acquired an interest in 607 shares and 729 shares respectively and Mike Stilwell, Finance Director (Designate), has acquired an interest in 729 shares.

Following the share purchase in relation to the ESAP, the interests of Paul Webb, Nigel Poultney and Mike Stilwell in Synectics shares are as follows:

 

Name

Position

Beneficial Interest

Interest in Share Schemes

ResultantTotalInterest

% ofIssuedShare Capital

Paul Webb

Chief Executive

0

268,883

268,883

1.51%

Nigel Poultney

Finance Director

13,000

259,145

272,145

1.53%

Mike Stilwell *

Finance Director (designate)

2,910

33,574

36,484

0.21%

* appointment to the Board effective on 1 December 2015

 

 

For further information, please contact:

Synectics plc

Tel: +44 (0) 1527 850080

Richard Brierley, Deputy Company Secretary

legalandsecretarial@synecticsplc.com

www.synecticsplc.com

Westhouse Securities Limited

Tel: +44 (0) 207 601 6100

Tom Griffiths

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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