Synthomer PLC — Share Issue/Capital Change 2013

Apr 9, 2013

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RNS Number : 9151B

Synthomer PLC

09 April 2013

9 April 2013

Synthomer plc

Synthomer plc ("Synthomer" or "the Company") announces the following transactions in connection with the exercise of options on 8 April 2013 under the Company's long term incentive plan by persons discharging managerial responsibilities:

·    The realisation by Mr A M Whitfield, the Company's Group Chief Executive, of a net sum in respect of a zero cost option over 629,261 ordinary shares awarded to him in 2009 under the terms of the 2002 Performance Share Plan.

·    The realisation by Mr D C Blackwood, the Company's Chief Financial Officer, of a net sum in respect of zero cost options over 1,108,291 ordinary shares in aggregate awarded to him in 2008 and 2009 under the terms of the 2002 Performance Share Plan.

In both cases the net realisations were calculated on the basis of the Company's closing share price of 205.2p on 5 April 2013.

Following the above transactions:

·    Mr Whitfield holds 14,000 shares in the Company and has vested unexercised options over 406,394 shares and unvested options over 635,395 shares.

·    Mr Blackwood holds 17,500 shares in the Company and has vested unexercised options over 237,151 shares and unvested options over 390,629 shares.

The issued share capital of the Company is 339,880,769 shares of 10p each.

For further information, please contact:

Synthomer plc
David Blackwood, Chief Financial Officer	01279 436211
Pendomer Communications
Charles Armistead/Rosie Oddy	020 3603 5220

This information is provided by RNS

The company news service from the London Stock Exchange

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