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Synectics PLC (SNX)

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Friday 11 May, 2018

Synectics PLC

Director/PDMR Shareholding

RNS Number : 8690N
Synectics PLC
11 May 2018
 

 

11 May 2018

 

 

 

Synectics plc

(the 'Company')

Exercise of Options under Share Plan and subsequent Sale of Shares

PDMR shareholdings

 

Synectics (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces that on 9 May 2018 the following share options, which vested under the performance criteria of its Performance Share Plan ('PSP'), were exercised and either held or sold by Executive Directors and other Persons Discharging Managerial Responsibility ('PDMRs').

 

 




Number of shares

Name

Position

Status

PSP options exercised

Of which, subsequently held in own name

Of which, subsequently sold

Paul Webb*

Chief Executive, Synectics plc

Executive Director and PDMR

50,000

26,322

23,678

Mike Stilwell

Finance Director, Synectics plc

Executive Director and PDMR

25,000

-

25,000

David Aindow

Business Strategy Director, Synectic Systems Group Limited

PDMR

25,000

-

25,000

Darren Alder

Divisional Director, Oil & Gas, Synectic Systems Group Limited

PDMR

7,500

-

7,500

Stacey Anderson

Managing Director, SSS Management Services

PDMR

7,500

-

7,500

Jeff Fail

Organisational Development Director, Synectics plc

PDMR

30,000

-

30,000

 

*Paul Webb, Chief Executive, sold sufficient shares to cover the immediate tax liability on exercise of the options.  The balance of 26,322 shares were transferred into his own name.

 

Following these transactions, their total interests in Synectics shares are now as follows:

 

Name

Position

Ordinary shares held

Interest in shares in  share schemes

Resultant
total
interest

% of
issued
share capital

Paul Webb

Chief Executive, Synectics plc

36,322

251,325

287,647

1.62%

Mike Stilwell

Finance Director, Synectics plc

6,910

26,273

33,183

0.19%

David Aindow

Business Strategy Director, Synectic Systems Group Limited

-

13,000

13,000

0.07%

Darren Alder

Divisional Director, Oil & Gas, Synectic Systems Group Limited

-

15,000

15,000

0.08%

Stacey Anderson

Managing Director, SSS Management Services

-

16,000

16,000

0.09%

Jeff Fail

Organisational Development Director, Synectics plc

-

14,000

14,000

0.08%

 

 

 

Full details of the PSP are set out in the Company's Annual Report for the year ended 30 November 2017.

 

Commenting, Paul Webb, Chief Executive, said:

 

"I am very pleased that the Company's performance has led to the vesting in full of the share awards issued in March 2015.

 

"I have chosen to retain the maximum number of shares from my award after selling sufficient to cover the immediate tax liability.  Other award holders have made their own individual choices."

 

 

For further information, please contact:

Synectics plc

Tel: +44 (0) 1527 850 080

Jan Mitson, Deputy Company Secretary

www.synecticsplc.com



Stockdale Securities

Tel: +44 (0) 20 7601 6100

Tom Griffiths/Henry Willcocks


 

 


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