RNS: Exercise of Share Plan Options and Director/PDMR dealings
Wednesday, 27 March 2019
Synectics (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces that on 26 March 2019 options over ordinary shares of 20p each in the Company (“Shares”), which vested under the performance criteria of its Performance Share Plan (”PSP”), were exercised and either held or sold at a price of £2.04 per Share, as follows:
| Name | Position | Status | PSP options exercised | Shares retained in own name | Shares sold |
|---|---|---|---|---|---|
| Paul Webb* | Chief Executive | Executive Director | 30,000 | 15,793 | 14,207 |
| Stacey Anderson | Managing Director, SSS Management Services | PDMR | 4,000 | - | 4,000 |
| Amanda Larnder* | Financial Controller | PDMR | 7,500 | 4,326 | 3,174 |
*Paul Webb, Chief Executive, and Amanda Larnder sold sufficient Shares to cover the immediate tax liability on exercise of the options. The balance of 15,793 and 4,326 shares respectively were transferred into their own names.
Following the awards, their total interests in Shares are now as follows:
| Name | Shares Held | Interest in Shares in Share Schemes | Resultant Total Interest | % of Issued Share Capital |
|---|---|---|---|---|
| Paul Webb | 52,115 | 246,923 | 299,038 | 1.68% |
| Stacey Anderson | - | 12,000 | 12,000 | 0.07% |
| Amanda Larnder | 4,326 | 2,500 | 6,826 | 0.04% |
Full details of the PSP were set out in the Company's Annual Report for the year ended 30 November 2018.
For further information, please contact:
Synectics plc
Claire Stewart, Company Secretary
Tel: +44(0) 114 255 2509
www.synecticsplc.com
legalandsecretarial@synecticsplc.com
Stockdale Securities Limited
Tom Griffiths / Henry Willcocks
Tel: +44 (0) 207 601 6100
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