Share Purchases by Directors

RNS Number : 6938G
Flowtech Fluidpower PLC
24 November 2015
 

 

 

Tuesday, 24 November 2015

Immediate Release

Flowtech Fluidpower plc

("Flowtech" ,"Company" or "Group")

 

Directors' Dealings

 

 

Flowtech Fluidpower plc (AIM:FLO), announces the following dealings in the Company's ordinary shares of 100 pence each ("Ordinary Shares") by each of the Directors of the Board.  The dealings, which took place and were notified to the Company on 23 November 2015, are set out below:

 

Director

Number of Ordinary Shares Purchased

Purchase Price per Ordinary Share

Beneficial Interest following the Purchase

Per cent. of the Company's issued Ordinary Share Caital

 

Malcolm Diamond

Chairman

 

10,000

 

 

108.00 pence

 

35,000

 

0.08%

 

Sean Fennon

Chief Executive Officer

 

20,000

 

107.25 pence

 

209,000

 

0.49%

 

Bryce Brooks (Note)

Chief Financial Officer

 

10,000

 

107.25 pence

 

91,000

 

0.21%

 

Nigel Richens

Senior Non Executive Director

 

10,000

 

108.00 pence

 

35,000

 

0.08%

 

Note: Bryce Brooks purchased the shares through his SIPP.  Following the purchase Bryces's beneficial interest comprises 57,200 Ordinary Shares in his SIPP and 33,800 Ordinary Shares held by his wife.

 

Enquiries:


Flowtech Fluidpower plc

AIM: FLO

Sean Fennon, Chief Executive Officer

Bryce Brooks, Chief Financial Officer & Company Secretary

Tel: +44 (0) 1695 52796

Email: info@flowtechfluidpower.com

www.flowtechfluidpower.com




Zeus Capital Limited

(Nominated Adviser and Broker)

Andrew Jones

Dominic King

Ross Andrews

Tel: +44 (0) 207 533 7727




TooleyStreet Communications

(IR and media relations)

Fiona Tooley

Tel: +44 (0) 7785 703523

Email: fiona@tooleystreet.com

 

 

Editors' note:

Flowtech Fluidpower plc, founded as Flowtech in 1983, is the UK's leading specialist supplier of technical fluid power products with modern distribution facilities in the UK and Benelux.  It offers an unrivalled range of Original Equipment Manufacturer (OEM) and Exclusive Brand products to over 3,000 distributors and resellers. Its catalogue is recognised as the definitive source for fluid power products, containing approximately 50,000 individual product line and  is distributed to more than 90,000 industrial Maintenance, Repair and Overhaul end users (MRO).  Over 80% of product is stocked and if ordered by 10pm, can be delivered next day in the UK, providing 'best in industry' service offering.  The Group's headquarters and main distribution centre is in Skelmersdale, Lancashire with further distribution centres in the Netherlands and China and an assembly operation in Merseyside; in total the business employs 229 people.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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