PORVAIR PLC

Director's Dealing • Sep 21, 2018

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RNS Number : 5454B

Porvair PLC

21 September 2018

FOR IMMEDIATE RELEASE                                                                  21 September 2018

Porvair plc ("Porvair" or the "Company")

Director's Shareholding and Issue of Equity

The Company was notified on 20 September 2018 of the following exercise of Long Term Share Plan Share options ("LTSP") over ordinary shares of 2 pence each in the Company ("Ordinary Shares").

Director	Scheme	Year of grant	Exercise price	Options exercised
Ben Stocks	LTSP	2015	2.0p	89,250
Chris Tyler	LTSP	2015	2.0p	62,125

On the same day, the Company was notified that Ben Stocks, Group CEO, and Chris Tyler, Group Finance Director had sold the following Ordinary Shares in order to meet the cost of exercise, the personal taxation liabilities arising on the options and certain other financial commitments. 

Director	Transaction		Price	Number
Ben Stocks	Sale		£5.00	50,000
Chris Tyler	Sale		£5.00	35,000

The Company was also notified on 20 September 2018 of the following purchase on 31 August 2018 by Ben Stocks of Ordinary Shares pursuant to the Group's dividend reinvestment plan ("DRIP").

Director	Transaction		Price	Number
Ben Stocks	DRIP purchase		£5.00	2,092

Following these dealings, Ben Stocks' holding in the Company has increased by 41,342 Ordinary Shares to 739,420 Ordinary Shares, representing approximately 1.6 per cent. of the Company's issued share capital. Chris Tyler's holding in the Company has increased by 27,125 Ordinary Shares to 479,311 Ordinary Shares, representing approximately 1.0 per cent. of the Company's issued share capital.

Following the issue of the 151375 new Ordinary Shares, the Company will have 45,842,849 Ordinary Shares in issue. There are no Ordinary Shares held in treasury. Therefore, as at today's date, the total number of voting rights in the Company is 45,842,849. This 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
Chris Tyler, Group Finance Director

Notes to Editors

Porvair is a group of specialist filtration and environmental technology businesses.  Its businesses design and manufacture a range of bespoke consumable filtration products that are used in a range of niche filtration markets.  It operates in three divisions: Aerospace & Industrial; Laboratory; and Metal Melt Quality.

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

Christopher Tyler

2.         

Reason for the notification

a.         

Position/status

CFO

b.         

Initial notification

/Amendment

Initial notification

3.         

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.         

Name

Porvair plc

b.         

LEI

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

Identification code

Ordinary shares of 2p

GB0006963689

b.         

Nature of the transaction

Exercise of LTSP share options

Sale of ordinary shares

c.         

Price(s) and volume(s)

Price(s)	Volume(s)
£0.02	62,125
£5.00	35,000

d.         

Aggregated information

·      Aggregated volume

·      Price

As above

e.         

Date of the transaction

2018-9-20

f.         

Place of the transaction

London Stock Exchange, Main Market (XLON)

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

5.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Ben Stocks

6.         

Reason for the notification

a.         

Position/status

CEO

b.         

Initial notification

/Amendment

Initial notification

7.         

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.         

Name

Porvair plc

b.         

LEI

8.         

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

Identification code

Ordinary shares of 2p

GB0006963689

b.         

Nature of the transaction

Exercise of LTSP share options

Sale of ordinary shares

c.         

Price(s) and volume(s)

Price(s)	Volume(s)
£0.02	89,250
£5.00	50,000

d.         

Aggregated information

·      Aggregated volume

·      Price

As above

e.         

Date of the transaction

2018-9-20

f.         

Place of the transaction

London Stock Exchange, Main Market (XLON)

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

9.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Ben Stocks

10.         

Reason for the notification

a.         

Position/status

CEO

b.         

Initial notification

/Amendment

Initial notification

11.         

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.         

Name

Porvair plc

b.         

LEI

12.         

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

Identification code

Ordinary shares of 2p

GB0006963689

b.         

Nature of the transaction

Purchase of shares through the dividend reinvestment plan

c.         

Price(s) and volume(s)

Price(s)	Volume(s)
£5.00	2,092

d.         

Aggregated information

·      Aggregated volume

·      Price

As above

e.         

Date of the transaction

2018-8-31

f.         

Place of the transaction

London Stock Exchange, Main Market (XLON)

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 rns@lseg.com or visit www.rns.com.

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