Flowtech Fluidpower PLC Director/PDMR Shareholding (4753B)
21 September 2018 - 3:04AM
UK Regulatory
TIDMFLO
RNS Number : 4753B
Flowtech Fluidpower PLC
20 September 2018
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
The Flowtech Fluidpower plc (the "Company" or "Flowtech")
Director / PDMR Dealing
Flowtech Fluidpower plc, the UK's leading specialist supplier of
technical fluid power products, is pleased to announce that it has
been notified that Malcolm Diamond, Non-Executive Chairman of
Flowtech, has purchased 16,028 ordinary shares of GBP0.50 each
("Ordinary Shares") on 20(th) September 2018 at a price of 123.7p
per Ordinary Share.
Following this transaction, Malcolm has an interest in 66,028
Ordinary Shares, representing approximately 0.11 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 Malcolm Diamond
================================== ===================================
2 Reason for the notification
=======================================================================
a) Position/status Non-Executive Chairman
================================== ===================================
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
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 Ordinary shares of 50p
instrument, type of instrument each
Identification Code ISIN: GB00BM4NR742
================================== ===================================
b) Nature of the transaction Purchase of Ordinary Shares
================================== ===================================
c) Price(s) and volume(s) Price(s) 123.7p
Volume(s) 16,028
================================== ===================================
d) Aggregated information N/a - single transaction
================================== ===================================
e) Date of transaction 20 September 2018
================================== ===================================
f) Place of transaction London Stock Exchange,
AIM
================================== ===================================
Enquiries to:
Flowtech Fluidpower plc
Malcolm Diamond MBE, Chairman
Bryce Brooks, Chief Executive Officer and Chief Financial
Officer
Tel: +44 (0) 1695 52796
Zeus Capital Limited (Nominated Adviser and Broker)
Andrew Jones, Alistair Donnelly (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: fiona@tooleystreet.com
About Flowtech Fluidpower plc Founded as Flowtech in 1983, the Flowtech Fluidpower Group is the UK's
leading specialist supplier of technical fluid power products. The
business joined AiM in 2014. Today, the Group has four distinct divisions:
Division: What we do: Locations:
---------------- ---------------------------------- ----------------------------------
Flowtechnology focus on supplying distributors Flowtechnology Benelux (Deventer)
and resellers of industrial Flowtechnology China (Guangzhou)
MRO products, primarily serving Flowtechnology UK (Skelmersdale)
urgent orders rather than bulk Indequip (Skelmersdale)
offerings. It offers an Beaumanor (Leicester)
unrivalled
range of OEM and Exclusive
Brand products to over 5,000
distributors and resellers.
The catalogue is recognised
as the definitive source for
fluid power products, containing
100,000 individual product
lines and are distributed to
more than 100,000 industrial
MRO end users.
---------------- ---------------------------------- ----------------------------------
Power Motion Specialise in the design, Primary Fluid Power (Knowsley)
Control (PMC) assembly Nelson Hydraulics (Dublin,
and supply of engineering Lisburn, Dungannon, UK)
components TSL Fluid Power (West Yorkshire)
and hydraulic systems and is Albroco (Knowsley)
further enhanced by a service HTL (Ludlow)
and repair function. Hi-Power Hydraulics (Cork,
Dublin, Belfast Manchester)
Hydroflex (Brussels, Rotterdam
and OudBeijerland)
Hydraulic Equipment Supermarkets
(Gloucester, Leeds, Birmingham,
Durham)
Branch Hydraulic Systems
(Gloucester)
HES Tractec (Gloucester)
HES Automatec (Gloucester)
HES Lubemec (Gloucester)
Derek Lane & Co (Newton Abbot,
Devon)
---------------- ---------------------------------- ----------------------------------
Process Focus on the supply of industrial Hydravalve (Willenhall)
components and solutions to Orange County (Spennymoor)
the process sectors.
---------------- ---------------------------------- ----------------------------------
Onsite Services During 2018, the Group is HES Onsite (Durham, Leeds,
extending Birmingham, Gloucester)
its service offering to include
Onsite Technical Maintenance
through highly skilled engineers.
---------------- ---------------------------------- ----------------------------------
All four of the Group's divisions have overlapping product sets, allowing
procurement synergies to be maximised.
The above divisions are supported by a centralised back office team
at the Skelmersdale site and a procurement and quality control team
in Shanghai. In total, the business employs over 600 people. For more
information please visit, www.flowtechfluidpower.com
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.
END
DSHDBLFLVKFBBBF
(END) Dow Jones Newswires
September 20, 2018 13:04 ET (17:04 GMT)
Flowtech Fluidpower (LSE:FLO)
Historical Stock Chart
From Apr 2024 to May 2024
Flowtech Fluidpower (LSE:FLO)
Historical Stock Chart
From May 2023 to May 2024