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Flowtech Fluidpower

Flowtech Fluidpower - Director/PDMR Shareholding

RNS Number : 1342D
Flowtech Fluidpower PLC
17 February 2020
 

 

 

 

 

 

 

 

 

 FLOWTECH FLUIDPOWER PLC

("Flowtech" or the "Company")

 

Director / PDMR Dealing

 

 

Flowtech Fluidpower plc, the UK's leading specialist supplier of technical fluid power products, announces that it has been notified that Russell Cash, Chief Financial Officer of Flowtech, has purchased a total of 19,605 ordinary shares of 50 pence each in the Company ("Ordinary Shares") on 14 February 2020 at an average price of 103.9 pence per Ordinary Share. 

 

Following this transaction, Mr Cash has an interest in 48,175 Ordinary Shares, representing approximately 0.08 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

 

 

 

Russell Cash

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Financial Officer/PDMR

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

 

 

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 instrument, type of instrument

Ordinary shares of £0.50p each

 

 

Identification code

GB00BM4NR742

 

 

b)

 

Nature of the transaction

 

 

Purchase of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

102.5p

4,719

 

 

 

103.0p

3,000

 

 

 

104.0p

3,000

 

 

 

105.0p

8,886

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

19,605

 

 

- Price

103.9p

 

 

e)

 

Date of the transaction

 

 

14 Feburary 2020

f)

 

Place of the transaction

 

 

London Stock Exchange, AIM

 

Enquiries to:

Flowtech Fluidpower plc

Bryce Brooks, Chief Executive Officer

Russell Cash, Chief Financial Officer

Tel: +44 (0) 1695 52796

Email info@flowtechfluidpower.com

 

LSE: AIM symbol FLO

 

Zeus Capital Limited (Nominated Adviser and Broker)

Andrew Jones, Kieran Russell (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

 

 

 

 

 

 

 

 

 


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