Directors' Shareholdings and Issue of Equity

RNS Number : 2565D
Porvair PLC
27 January 2015
 



                                   

For immediate release

 27 January 2015

                                               

 

 

 

Porvair plc

("Porvair" or the "Company")

Directors' Shareholdings and Issue of Equity

On 26 January 2015, the Company was notified that on such date, the Directors undertook the following trades in ordinary shares of 2p each in the share capital of the Company ("Shares"):

Director

Position

Transaction

 Number of Shares traded

Purchase price

Ben Stocks

CEO

Sale

160,000         

298.49p

Chris Tyler

Finance Director

Sale

131, 000        

298.49p

Dr Raj Rajagopal

Non-executive Director

Purchase

     15,000           

302.875

In the case of Ben Stocks and Chris Tyler such Share sales relate to planned exercise of the following options under the Company's Share option schemes due to take place on 2 February 2015. Hence these Shares will not be issued and the trades settled until such date. In each case the Shares were sold in order to meet the cost of exercise, the personal taxation liabilities arising on the options and certain other financial commitments. The options to be exercised on 2 February 2015 are:

Director

Scheme

Year of grant

Exercise price

Options exercised






Ben Stocks

LTSP 2008

2011

2p

260,000






Chris Tyler

LTSP 2008

2011

2p

181,000
















Following completion of the above exercise of option shares and trades, Ben Stocks' holding will increase to 603,427 Shares, Chris Tyler's holding will increase to 392,450 Shares and Dr Rajagopal will have15,000 Shares representing 1.35%, 0.88% and 0.03% respectively of the total issued Shares. Following the issue of the new Shares, the Company will have 44,804,331 Shares in issue. There are no Shares held in treasury.

Therefore, the total number of voting rights in the Company following the issue of the new Shares is 44,804,331. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure and Transparency Rules.

 

For further information, please contact:

 

Porvair plc

01553 765 500

Ben Stocks, Chief Executive


Chris Tyler, Group Finance Director




Buchanan Communications

0207 466 5000

Charles Ryland, Steph Watson


 

Peel Hunt LLP                                                                                            020 7418 8900

Daniel Harris

 

 

 


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