Porvair PLC Directors' Shareholdings and Issue of Equity (2565D)
27 January 2015 - 11:11PM
UK Regulatory
TIDMPRV
RNS Number : 2565D
Porvair PLC
27 January 2015
For immediate release 27 January 2015
Porvair plc
("Porvair" or the "Company")
Directors' Shareholdings and Issue of Equity
On 26 January 2015, the Company was notified that on such date,
the Directors undertook the following trades in ordinary shares of
2p each in the share capital of the Company ("Shares"):
Director Position Transaction Number of Shares Purchase price
traded
Ben Stocks CEO Sale 160,000 298.49p
Chris Tyler Finance Director Sale 131, 000 298.49p
Non-executive
Dr Raj Rajagopal Director Purchase 15,000 302.875
In the case of Ben Stocks and Chris Tyler such Share sales
relate to planned exercise of the following options under the
Company's Share option schemes due to take place on 2 February
2015. Hence these Shares will not be issued and the trades settled
until such date. In each case the Shares were sold in order to meet
the cost of exercise, the personal taxation liabilities arising on
the options and certain other financial commitments. The options to
be exercised on 2 February 2015 are:
Director Scheme Year of grant Exercise price Options exercised
Ben Stocks LTSP 2008 2011 2p 260,000
Chris Tyler LTSP 2008 2011 2p 181,000
Following completion of the above exercise of option shares and
trades, Ben Stocks' holding will increase to 603,427 Shares, Chris
Tyler's holding will increase to 392,450 Shares and Dr Rajagopal
will have15,000 Shares representing 1.35%, 0.88% and 0.03%
respectively of the total issued Shares. Following the issue of the
new Shares, the Company will have 44,804,331 Shares in issue. There
are no Shares held in treasury.
Therefore, the total number of voting rights in the Company
following the issue of the new Shares is 44,804,331. The above
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
Ben Stocks, Chief Executive
Chris Tyler, Group Finance Director
Buchanan Communications 0207 466 5000
Charles Ryland, Steph Watson
Peel Hunt LLP 020 7418 8900
Daniel Harris
This information is provided by RNS
The company news service from the London Stock Exchange
END
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