RNS: Award of Options and Directors' Shareholdings

Monday, 30 March 2015

Synectics (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces that earlier today it made awards over 335,000 Synectics plc ordinary shares of 20p (the "Shares") to certain senior managers employed within the Group, under its Performance Share Plan ("PSP").

Under the PSP, selected employees are entitled to exercise an option to receive a certain number of Synectics shares at any time after a 3 year vesting period, at no cost to themselves. The number of shares that are awarded at the end of the 3 year period is dependent on the achievement of certain performance criteria.

Vesting of the PSP awards is dependent on the total return on Synectics' shares compared with the AIM All Share Total Return Index (the "Index"). If the total return on Synectics' shares out-performs the Index by 5% or more in the 3 years following the award, all of the Shares awarded will vest. If Synectics' shares match the Index performance, then 25% of the awarded Shares will vest. Between these points the number of Shares that vest will be pro-rata. If the total return on Synectics' shares underperforms the Index, then no Shares will vest. The limit on the number of shares over which interests may be awarded remains unchanged.

Any entitlement under the PSP will lapse on cessation of employment prior to the end of the 3 year vesting period, unless cessation of employment is by reason of redundancy, ill health or death.

Should the performance criteria be met in full or part, it is intended that the appropriate number of Shares will be satisfied from unallocated Synectics' shares already held within the Company's employee benefit trust.

Full details of the PSP were set out in the Company's Annual Report for the year ended 30 November 2013.

Under the PSP award, Paul Webb and Nigel Poultney, directors of the Company, were awarded 50,000 Shares and 30,000 Shares respectively. Following the award, their total interests in Synectics' shares are now as follows:

Director Position Beneficial Interests Interest in Share Schemes Resultant Total Interest % of Issued Share Capital
Paul Webb Chief Executive 0 268,784 268,784 1.50%
Nigel Poultney Finance Director 13,000 257,827 270,827 1.52%

For further information, please contact:

Synectics plc
Richard Brierley, Deputy Company Secretary
Tel: +44 (0) 1527 850 080

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

Media enquiries:
Mark Court / Sophie Cowles / Jane Glover
Tel: +44 (0) 207 466 5000


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