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RNS: Directorate / PDMR Shareholding

Friday, 27 April 2018

The Company has been notified that the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan (‘ESAP’) has purchased 7,482 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 25 April 2018 at a price of 185 pence each in respect of the six-month accumulation period ended on 31 March 2018.

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 on the date of purchase (185 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 acquired interests in 486 and 162 shares respectively, and that Greg Alcorn, a PDMR of the Company, has acquired an interest in 487 shares.

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

Name Position Ordinary Shares Held Interest in Share Schemes Resultant Total Interest % of Issued Share Capital
Paul Webb Chief Executive, Synectics plc 10,000 301,325 311,325 1.75%
Mike Stilwell Finance Director 6,910 51,273 58,183 0.33%
Greg Alcorn Divisional Director, Transport & Infrastructure, Synectic Systems Group Limited 0 10,915 10,915 0.06%


For further information, please contact:

Synectics plc
Mike Stilwell, Company Secretary
Tel: +44 (0) 1527 850 080
www.synecticsplc.com
legalandsecretarial@synecticsplc.com

Stockdale Securities Limited
Tom Griffiths / Henry Willcocks
Tel: +44 (0) 207 601 6100

 

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