SYNECTICS PLC — Director's Dealing 2020

Mar 6, 2020

National Storage Mechanism | Additional information

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RNS Number : 3238F

Synectics PLC

06 March 2020

Synectics plc

("Synectics" or the "Company")

Director/PDMR dealings

6 March 2020

Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, announces that on 3 March 2020, Iain Stringer, a PDMR of the Company, exercised options over shares which had vested under the performance criteria of its Performance Share Plan ("PSP"),  and sold sufficient shares at a price of £1.47655 per share to cover the immediate tax liability on exercise of the options. The balance of 7,210 shares respectively were transferred into his own name.

Name	Position	Status	PSP options exercised	Shares retained in own name	Shares sold
Iain Stringer	Divisional Director Synectics Mobile Systems	PDMR	12,500	7,210	5,290

Full details of the PSP are set out in the Company's Annual Report for the year ended 30 November 2018.

Interests in Shares

Following this transaction, the interests of Iain Stringer in the shares of the Company are as follows:

Name	Shares Held	Interest in Shares in Share Schemes	Resultant Total Interest	% of Issued Share Capital
Iain Stringer	7,210	10,000	17,210	0.01

For further information, please contact:

Synectics plc

Claire Stewart, Company Secretary

Tel: +44(0) 114 280 2828

Shore Capital

Tom Griffiths / Henry Willcocks

Tel: +44 (0) 20 7408 4050

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

1

Details of the person discharging managerial responsibilities / person closely associated 

a)

Names 

Iain Stringer

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment 

Initial Notification

3

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

a)

Name 

Synectics plc

b)

LEI

213800C1F7YZH96U2Z49

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 20p each

b)

Identification code 

GB0007156838

c)

Nature of the transaction 

Exercise of options and subsequent on-market sale of shares

d)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil (exercise price) 147655p (sale price)	12,500 shares 5,290

d)

Aggregated information 

- Aggregated volume

- Price

n/a

e)

Date of the transaction 

03 March 2020

f)

Place of the transaction

London Stock Exchange (XLON)

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