Synectics plc announces that it has been awarded an £800,000 contract with a new customer – a major UK utility provider – to deliver a multi-site deployment of the Company’s proprietary software platform, Synergy (the “Contract”).
Delayed Share Price: 187.50p
Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, has been notified that earlier today, the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan (“ESAP”) purchased a total of 14,843 ordinary shares of 20 pence each in the Company at a price of £1.05 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 30 September 2021.
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 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 £1.35.
As a result of this purchase, the Company has been notified that the following Executive Directors and PDMRs have acquired the following interests in shares of the Company:
| Name | Position | Status | Number of Shares purchased by the Trustee |
|---|---|---|---|
| Paul Webb | Chief Executive | Executive Director | 857 |
| David Bedford | Finance Director | Executive Director | 857 |
| Greg Alcorn | Divisional Director | PDMR | 857 |
| David Lowe | Divisional Director | PDMR | 857 |
In addition, David Bedford, Finance Director of the Company has notified the Company that he too purchased 5,000 ordinary shares of 20p each in the Company at £1.05 per share earlier today.
Following these purchases, the interests of Messrs Webb, Bedford, Alcorn and Lowe in the shares of the Company are as follows:
| Name | Shares Held | Interest in Shares in Share Schemes | Resultant Total Interest | % of Issued Share Capital |
|---|---|---|---|---|
| Paul Webb | 57,115 | 536,327 | 593,442 | 3.33% |
| David Bedford | 20,000 | 186,857 | 206,857 | 1.16% |
| Greg Alcorn | - | 25,655 | 25,655 | 0.14% |
| David Lowe | 15,000 | 43,177 | 58,177 | 0.33% |
For further information, please contact:
Synectics plc
Claire Stewart, Company Secretary
Tel: +44 (0) 114 280 2828
www.synecticsplc.com
legalandsecretarial@synecticsplc.com
Shore Capital
Tom Griffiths / David Coaten / Henry Willcocks
Tel: +44 (0) 207 408 4050