SYNECTICS PLC — Remuneration Information 2015

Mar 30, 2015

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RNS Number : 8989I

Synectics PLC

30 March 2015

	## 30 March 2015

Synectics plc

(the "Company" or the "Group")

Award of Options under Share Plan

Directors' shareholdings

Synectics (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces that earlier today it made awards over 335,000 Synectics plc ordinary shares of 20p (the "Shares") to certain senior managers employed within the Group, under its Performance Share Plan ("PSP").

Under the PSP, selected employees are entitled to exercise an option to receive a certain number of Synectics shares at any time after a 3 year vesting period, at no cost to themselves. The number of shares that are awarded at the end of the 3 year period is dependent on the achievement of certain performance criteria.

Vesting of the PSP awards is dependent on the total return on Synectics' shares compared with the AIM All Share Total Return Index (the "Index"). If the total return on Synectics' shares out-performs the Index by 5% or more in the 3 years following the award, all of the Shares awarded will vest.  If Synectics' shares match the Index performance, then 25% of the awarded Shares will vest. Between these points the number of Shares that vest will be pro-rata. If the total return on Synectics' shares underperforms the Index, then no Shares will vest. The limit on the number of shares over which interests may be awarded remains unchanged.

Any entitlement under the PSP will lapse on cessation of employment prior to the end of the 3 year vesting period, unless cessation of employment is by reason of redundancy, ill health or death.

Should the performance criteria be met in full or part, it is intended that the appropriate number of Shares will be satisfied from unallocated Synectics' shares already held within the Company's employee benefit trust.

Full details of the PSP were set out in the Company's Annual Report for the year ended 30 November 2013.

Under the PSP award, Paul Webb and Nigel Poultney, directors of the Company, were awarded 50,000 Shares and 30,000 Shares respectively. Following the award, their total interests in Synectics' shares are now as follows:

Director	Position	Beneficial Interest	Interest in Share Schemes	Resultant Total Interest	% of Issued Share Capital
Paul Webb	Chief Executive	0	267,784	267,784	1.50%
Nigel Poultney	Finance Director	13,000	257,827	270,827	1.52%

. 

For further information, please contact:

Synectics plc	Tel: +44 (0) 1527 850080
Richard Brierley, Deputy Company Secretary	www.synecticsplc.com
Westhouse Securities Limited	Tel: +44 (0) 207 601 6100
Tom Griffiths

This information is provided by RNS

The company news service from the London Stock Exchange

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