RNS: Director/PDMR Dealings
Wednesday, 7 April 2021
Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, has been notified that on 1 April 2021 and 6 April 2021, the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan (“ESAP”) purchased a total of 11,110 (9,578 and 1,532 respectively) ordinary shares of 20 pence each in the Company at an average price of £1.3975 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 2021.
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 at the beginning of the Period which was £1.125.
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||800|
|Greg Alcorn||Divisional Director||PDMR||800|
|David Lowe||Business Strategy Director||PDMR||800|
|Mark Pennington||Managing Director: QSG||PDMR||534|
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|
For further information, please contact:
Claire Stewart, Company Secretary
Tel: +44 (0) 114 280 2828
Tom Griffiths / David Coaten / Henry Willcocks
Tel: +44 (0) 207 408 4050
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.