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RNS: Director/PDMR Dealings

Friday, 2 October 2020

Director/PDMR dealings

Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, has been notified that on 1 October 2020 the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan (“ESAP”) purchased 13,659 ordinary shares of 20 pence each in the Company at £1.18244 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 30 September 2020.

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 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 761
Greg Alcorn Divisional Director PDMR 761
David Lowe Business Strategy Director PDMR 761
Mark Pennington Managing Director: QSG PDMR 507

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 57,115 534,670 591,785 3.33%
Greg Alcorn - 23,998 23,998 0.13%
David Lowe 15,000 41,520 56,520 0.32%
Mark Pennington - 11,405 11,405 0.06%


About Synectics plc

Synectics (AIM: SNX) is a leader in the design, integration and support of advanced security and surveillance systems that enable clients around the world to protect their people, communities, and assets.

Founded over 30 years ago, Synectics has deep industry experience across gaming, energy, urban transport, public space and critical infrastructure projects. The group's expert engineering teams work in partnership with customers to create integrated product and technology platforms, proven in the most complex and demanding operating environments.


For further information, please contact:

Synectics plc
Claire Stewart, Company Secretary
Tel: +44(0) 114 280 2828
www.synecticsplc.com
info@synecticsplc.com

Shore Capital
Tom Griffiths / David Coaten / Henry Willcocks
Tel: +44 (0) 207 408 4050

 

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