TIDMSNX

RNS Number : 7071U

Synectics PLC

07 April 2021

 
  RNS    7 April 2021

Synectics plc

("Synectics" or the "Company")

Director/PDMR dealings

Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, has been notified that on 1 April 2021 and 6 April 2021, the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP") purchased a total of 11,110 (9,578 and 1,532 respectively) ordinary shares of 20 pence each in the Company at an average price of GBP1.3975 per share in accordance with the ESAP's rules and on behalf of all ESAP participants, in respect of the six-month accumulation period ended on 31 March 2021.

Under the terms 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 at the end of the six-month accumulation period (the "Period") based upon the contributions made in 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 beginning of the Period which was GBP1.125.

As a result of this purchase, the Company has been notified that the following Executive Director and PDMRs have acquired the following interests in shares of the Company:

 
 Name               Position               Status        Number of Shares 
                                                         purchased by the 
                                                                  Trustee 
                                           Executive 
 Paul Webb          Chief Executive         Director                  800 
                   ---------------------  -----------  ------------------ 
 Greg Alcorn        Divisional Director    PDMR                       800 
                   ---------------------  -----------  ------------------ 
                    Business Strategy 
 David Lowe          Director              PDMR                       800 
                   ---------------------  -----------  ------------------ 
                    Managing Director: 
 Mark Pennington     QSG                   PDMR                       534 
                   ---------------------  -----------  ------------------

Following this purchase, the interests of Paul Webb, Greg Alcorn, David Lowe and Mark Pennington in the shares of the Company are as follows:

 
 Name               Shares Held      Interest in         Resultant      % of Issued 
                                       Shares in    Total Interest    Share Capital 
                                   Share Schemes 
 Paul Webb               57,115          535,470           592,585            3.33% 
                   ------------  ---------------  ----------------  --------------- 
 Greg Alcorn                  -           24,798            24,798            0.14% 
                   ------------  ---------------  ----------------  --------------- 
 David Lowe              15,000           42,320            57,320            0.32% 
                   ------------  ---------------  ----------------  --------------- 
 Mark Pennington              -            1,939             1,939            0.01% 
                   ------------  ---------------  ----------------  ---------------

For further information, please contact:

 
 Synectics plc                                 Tel: +44 (0) 114 280 2828 
 Claire Stewart, Company Secretary 
 email: legalandsecretarial@synecticsplc.com   www.synecticsplc.com 
 
 Shore Capital                                 Tel: +44 (0) 20 7408 4050 
 Tom Griffiths / David Coaten 
  / Henry Willcocks

Ends

About Synectics plc

Synectics (AIM: SNX) is a leader in the design, integration and support of advanced security and surveillance systems that enable clients around the world to protect their people, communities, and assets.

Founded over 30 years ago, Synectics has deep industry experience across gaming, energy, urban transport, public space and critical infrastructure projects. The Group's expert engineering teams work in partnership with customers to create integrated product and technology solutions, proven in the most complex and demanding operating environments.

Find out more at www.synecticsplc.com

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April 07, 2021 08:08 ET (12:08 GMT)

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