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RNS: Directorate / PDMR Shareholding

Friday, 11 May 2018

Exercise of Options under Share Plan and subsequent Sale of Shares PDMR shareholdings

Synectics (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces that on 9 May 2018 the following share options, which vested under the performance criteria of its Performance Share Plan (‘PSP’), were exercised and either held or sold by Executive Directors and other Persons Discharging Managerial Responsibility (‘PDMRs’).

Name Position Status PSP options exercised Of which, subsequently held in own name Of which, subsequently sold
Paul Webb* Chief Executive, Synectics plc Executive Director and PDMR 50,000 26,322 23,678
Mike Stilwell Finance Director, Synectics plc Executive Director and PDMR 25,000 - 25,000
David Aindow Business Strategy Director, Synectic Systems Group Limited PDMR 25,000 - 25,000
Darren Alder Divisional Director, Oil & Gas, Synectic Systems Group Limited PDMR 7,500 - 7,500
Stacey Anderson Managing Director, SSS Management Services PDMR 7,500 - 7,500
Jeff Fail Organisational Development Director, Synectics plc PDMR 30,000 - 30,000

*Paul Webb, Chief Executive, sold sufficient shares to cover the immediate tax liability on exercise of the options. The balance of 26,322 shares were transferred into his own name.

Following these transactions, their total interests in Synectics shares are now as follows:

Name Position Ordinary Shares Held Interest in shares in Share Schemes Resultant Total Interest % of Issued Share Capital
Paul Webb Chief Executive, Synectics plc 36,322 251,325 287,647 1.62%
Mike Stilwell Finance Director, Synectics plc 6,910 26,273 33,183 0.19%
David Aindow Business Strategy Director, Synectic Systems Group Limited - 13,000 13,000 0.07%
Darren Alder Divisional Director, Oil & Gas, Synectic Systems Group Limited - 15,000 15,000 0.08%
Stacey Anderson Managing Director, SSS Management Services - 16,000 16,000 0.09%
Jeff Fail Organisational Development Director, Synectics plc - 14,000 14,000 0.08%

Full details of the PSP are set out in the Company's Annual Report for the year ended 30 November 2017.

Commenting, Paul Webb, Chief Executive, said:

“I am very pleased that the Company’s performance has led to the vesting in full of the share awards issued in March 2015.

“I have chosen to retain the maximum number of shares from my award after selling sufficient to cover the immediate tax liability. Other award holders have made their own individual choices.”


For further information, please contact:

Synectics plc
Jan Mitson, Deputy Company Secretary
Tel: +44 (0) 1527 850 080
www.synecticsplc.com
legalandsecretarial@synecticsplc.com

Stockdale Securities Limited
Tom Griffiths / Henry Willcocks
Tel: +44 (0) 207 601 6100

 

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