RNS: Directorate / PDMR Shareholding
Tuesday, 03 May 2016
The Company has been notified that the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP") has purchased 13,500 ordinary shares of 20 pence each in the Company in accordance with the ESAP's rules and on behalf of all ESAP participants.
The shares were purchased on 29 April 2016 at a price of 162 pence each in respect of the six month accumulation period ended on 31 March 2016.
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 in the Company 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 (162 pence).
As a result of these purchases, the Company has been notified that Paul Webb and Mike Stilwell, Directors of the Company, have acquired an interest in 463 shares and 555 shares respectively.
Following the share purchase in relation to the ESAP, the interests of Paul Webb and Mike Stilwell in Synectics shares are as follows:
|Director||Position||Beneficial Interests||Interest in Share Schemes||Resultant Total Interest||% of Issued Share Capital|
|Paul Webb||Chief Executive||10,000||289,346||299,346||1.68%|
|Mike Stilwell||Finance Director||6,910||49,129||56,039||0.31%|
For further information, please contact:
Richard Brierley, Deputy Company Secretary
Tel: +44 (0) 1527 850 080
Stockdale Securities Limited
Tom Griffiths / Henry Willcocks
Tel: +44 (0) 207 601 6100