Synectics plc announces that it has secured a contract worth £1.0 million with a major UK financial institution to deliver a multi-site deployment of Synergy, the Company’s proprietary software platform.
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, has been notified that on 9 and 10 October 2023, the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan (“ESAP”) purchased a total of 13,814 (3,955 and 9,859 respectively) ordinary shares of 20 pence each in the Company (“Ordinary Shares”) at an average price of £1.22137 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 2023.
Under the terms of the ESAP, participating members, including employees, an Executive Director of the Company and a PDMR, contribute a fixed amount to the Trustee on a monthly basis. The Trustee acquires a number of Ordinary 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 Ordinary Share at the beginning of the Period which was £1.15.
As a result of this purchase, the Company has been notified that the following Executive Director and a PDMR have acquired the following interests in Ordinary Shares:
|Name||Position||Status||Number of Ordinary Shares purchased by the Trustee|
|Paul Webb||Chief Executive||Executive Director||782|
|David Gavin||Divisional Director||PDMR||782|
Following these purchases, the interests of Messrs Webb and Gavin in the Ordinary Shares are as follows:
|Name||Number of Ordinary Shares Held||Interest in Ordinary Shares in Share Schemes||Resultant Total Interest||% of Issued Share Capital|
For further information, please contact:
Claire Stewart, Company Secretary
Tel: +44 (0) 114 280 2828
Tom Griffiths / David Coaten
Tel: +44 (0) 207 408 4050
Jeremy Garcia / Fiona Hetherington
Tel: +44 (0) 20 7390 0230