DIRECTOR/PDMR DEALINGS-SYNECTICS PLC

DIRECTOR/PDMR DEALINGS-SYNECTICS PLC

Director/PDMR dealings

 

Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, has been notified that on 2 April 2024, the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP") purchased a total of 14,695 ordinary shares of 20 pence each in the Company ("Ordinary Shares") at a price of £1.70 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 2024.

 

Under the terms of the ESAP, participating members, including employees, an Executive Director of the Company and a PDMR, contribute a fixed amount to the Trustee on a monthly basis. The Trustee acquires a number of Ordinary 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 Ordinary Share at the beginning of the Period which was £1.125.

 

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

 

 

 

Name

 

 

Position

 

 

Status

Number of Ordinary Shares purchased by the Trustee

Paul Webb

Chief Executive

Executive Director

800

David Gavin

Divisional Director

PDMR

800

 

Following these purchases, the interests of Messrs Webb and Gavin in the Ordinary Shares are as follows:

 

Name

 

Number of Ordinary Shares Held

Interest in Ordinary Shares in Share Schemes

 

 

Resultant Total Interest

 

 

% of Issued Share Capital

Paul Webb

57,115

575,879

632,994

3.56

David Gavin

0

81,582

                81,582

0.46

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