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FLOWTECH FLUIDPOWER PLC — Director's Dealing 2019
Oct 30, 2019
7647_dirs_2019-10-30_e5a49b19-8301-4050-98ea-a08243ba7735.html
Director's Dealing
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RNS Number : 6124R
Flowtech Fluidpower PLC
30 October 2019
Flowtech Fluidpower PLC
("Flowtech" or the "Company")
Director Share Option Award
Flowtech Fluidpower plc, the UK's leading specialist supplier of technical fluid power products, announces that it has granted an option over ordinary shares of 50 pence each in the Company ("Ordinary Shares") on 25 October 2019 to Russell Cash, Chief Financial Officer of Flowtech, pursuant to the rules of the Unapproved Sub-Plan to the Flowtech Fluidpower plc Enterprise Management Incentive Plan.
The award provides an option to acquire a total of 150,000 Ordinary Shares at an exercise price of 50 pence per Ordinary Share. The option is exercisable upon publication of the Company's accounts for the financial period to 31 December 2021 and is not subject to the achievement of any performance criteria.
Following this transaction, Mr. Cash also remains interested in 28,570 Ordinary Shares, representing approximately 0.05 per cent. of the Company's issued Ordinary Share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Russell Cash | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Financial Officer/PDMR | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | FLOWTECH FLUIDPOWER PLC | |||
| b) | LEI | LEI: 213800N68SQY5X5XS290 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 50 pence each | |||
| Identification code | GB00BM4NR742 | ||||
| b) | Nature of the transaction | Grant of option over ordinary shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 50 pence | 150,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | N/A - single transaction | ||||
| - Price | |||||
| e) | Date of the transaction | 25 October 2019 | |||
| f) | Place of the transaction | Off market |
| Enquiries to: Flowtech Fluidpower plc Bryce Brooks, Chief Executive Officer Russell Cash, Chief Financial Officer Tel: +44 (0) 1695 52796 Email [email protected] LSE: AIM symbol FLO Zeus Capital Limited (Nominated Adviser and Broker) Andrew Jones, Kieran Russell (corporate finance) Dominic King, John Goold (sales & broking) Tel: +44 (0) 161 831 1512 finnCap Limited (Joint Broker) Ed Frisby, Kate Bannatyne (Corporate Finance) Rhys Williams, Andrew Burdis (Sales & Broking) Tel: + 44 (0) 20 7220 0500 TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: +44 (0) 7785 703523 or email: [email protected] |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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