1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are...
Delayed Share Price: 225.00p
Synectics plc (AIM: SNX), a leader in advanced security and surveillance solutions, announces that, on 1 September 2025, Amanda Larnder, Chief Executive Officer and an Executive Director of the Company, exercised options over 62,000 ordinary shares of 20 pence each in the Company (“Ordinary Shares”) and David Aindow, Chief Strategy Officer for Synectic Systems and a PDMR of the Company, exercised options over 20,000 Ordinary Shares, in each case at a price of £3.15 per Ordinary Share (“Exercise Price”), which had vested under the performance criteria of the Company’s Performance Share Plan ("PSP") and were granted on 1 August 2022 (the “Option Exercise”).
In order to satisfy the tax liability due under each Option Exercise, the Company has implemented a net settlement arrangement. As such, 29,140 Ordinary Shares and 9,400 Ordinary Shares, respectively, were withheld from issue to Amanda Larnder and David Aindow at the Exercise Price, the value of which will be paid by the Company to His Majesty's Revenue and Customs by the Company on their behalf (the “Tax Liability”).
Following the Option Exercise and net settlement of the Tax Liability, Amanda Larnder has been issued 32,860 Ordinary Shares and David Aindow has been issued 10,600 Ordinary Shares. In addition, on 1 September 2025, David Aindow, sold these 10,600 Ordinary Shares at a price of £3.150 per Ordinary Share.
The Ordinary Shares issued pursuant to the Option Exercise have been satisfied by way of a transfer of Ordinary Shares currently held by the Company’s employee benefit trust. Further details of the PSP can be found in the Company's annual report and accounts at www.synecticsplc.com.
Summary of transactions:
| Name | Position | Status | Number of options under the PSP exercised | Ordinary Shares issued (net of Tax Liability) | Number of Ordinary Shares sold |
|---|---|---|---|---|---|
| Amanda Larnder | Chief Executive Officer | Executive Director | 62,000 | 32,860 | 0 |
| David Aindow | Chief Strategy Officer, Synectic Systems | PDMR | 20,000 | 10,600 | 10,600 |
Following these transactions, their interests in Ordinary Shares are as follows:
| Name | Number of Ordinary Shares Held | % of Issued Share Capital | Remaining interest in Options over Ordinary Shares |
|---|---|---|---|
| Amanda Larnder | 37,816 | 0.2 | 1,102,000 |
| David Aindow | 2,000 | 0.01 | 40,351 |
For further information, please contact:
Synectics plc
Claire Stewart, Company Secretary
Tel: +44 (0) 114 280 2828
[email protected]
Shore Capital
Corporate Advisory: Tom Griffiths / David Coaten / George Payne
Corporate Broking: Fiona Conroy
Tel: +44 (0) 20 7408 4090
Vigo Consulting
Jeremy Garcia / Fiona Hetherington / Peter Jacob
Tel: +44 (0) 20 7390 0230
[email protected]