TIDMSNX

RNS Number : 5270F

Synectics PLC

29 October 2018

 
         29 October 2018

Synectics plc

("Synectics" or the "Company")

Director / PDMR Shareholdings

The Company has been notified that the Trustee of the Company's HMRC-approved Employee Share Acquisition Plan ('ESAP') has purchased 6,253 ordinary shares of 20 pence each in the Company, in accordance with the ESAP's rules and on behalf of all ESAP participants.

Under the rules of the ESAP, participating members, including employees and certain Directors of the Company, contribute a fixed amount to the Trustee on a monthly basis. The Trustee acquires a number of shares in the Company at the end of the six-month accumulation period (the 'Period') based upon the contributions made during the Period and determined by the lowest share price at either the beginning of the Period or on the date of purchase. In this instance, the share price used for the allocation of the number of shares for ESAP purposes was the price per share at the start of the Period.

Accordingly, the shares were purchased on 26 October 2018 at a deemed price of 190 pence each, in respect of the Period ended 30 September 2018.

As a result of this transaction, the Company has been notified that Paul Webb (a director of the Company and PDMR) and Greg Alcorn (a PDMR of the Company) acquired 474 and 473 shares respectively. The resultant interests of both individuals are as follows:

 
                                                       Interest 
                                          Ordinary    in shares   Resultant             % of 
                                            shares     in Share       Total           Issued 
  Name             Position                   held      Schemes    Interest    Share Capital 
  Paul Webb        Chief Executive          36,322      251,884     288,206            1.62% 
                -------------------  -------------  -----------  ----------  --------------- 
                   Divisional 
  Greg Alcorn       Director                     0       11,394      11,394            0.06% 
                -------------------  -------------  -----------  ----------  ---------------

For further information, please contact:

 
       Synectics plc                                           Tel: +44 (0) 1527 850 080 
       Jan Mitson, Deputy Company Secretary         legalandsecretarial@synecticsplc.com 
                                                                    www.synecticsplc.com 
 
       Stockdale Securities                                    Tel: +44 (0) 20 7601 6100 
       Tom Griffiths / Henry Willcocks

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

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October 29, 2018 06:04 ET (10:04 GMT)

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