Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, has been notified that on 3 April 2023, the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan (“ESAP”) purchased a total of 13,369 ordinary shares of 20 pence each in the Company (“Ordinary Shares”) at a price of £1.15 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 2023.

Under the terms of the ESAP, participating members, including employees and an executive Director 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 £1.05.

As a result of this purchase, the Company has been notified that the following Director has acquired the following interests in Ordinary Shares:

Name Position Number of Ordinary Shares purchased by the Trustee
Paul Webb Chief Executive 857


Following this purchase, the interests of Mr Webb in Ordinary Shares are as follows:

Name Number of Ordinary Shares Held Interest in Ordinary Shares in Share Schemes Resultant Total Interest % of Issued Share Capital
Paul Webb 57,115 514,033 571,148 3.21%

For further information, please contact:

Synectics plc
Claire Stewart, Company Secretary
Tel: +44 (0) 114 280 2828

Shore Capital
Tom Griffiths / David Coaten
Tel: +44 (0) 207 408 4090