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RNS: Director/PDMR Dealings

Friday, 06 March 2020

Director/PDMR dealings

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 these transactions, the interests of Iain Stringer in Shares 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
www.synecticsplc.com
legalandsecretarial@synecticsplc.com

Shore Capital
Tom Griffiths / Henry Willcocks
Tel: +44 (0) 207 408 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) Names 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
e) Price(s) and volume(s)
Price(s) Volume(s)

Nil (exercise price)

147655p (sale price)

12,500 shares

5,290

f)

Aggregated information

- Aggregated volume

- Price

n/a
c) Date of the transaction 03 March 2020
c) Place of the transaction London Stock Exchange (XLON)
 

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