RNS Number : 1226G
Flowtech Fluidpower PLC
30 September 2024
 

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NEWS RELEASE

Issued on behalf of Flowtech Fluidpower plc

Monday, 30 September 2024

Immediate Release

 

 

 

 

 

 

FLOWTECH FLUIDPOWER PLC

("Flowtech", the "Group" or "Company")

 

"a world of motion"

Everything we do at Flowtech is focused on keeping business moving, whether that's supplying a product or designing and building a complex engineering solution. Our vision is to be the trusted advisor in a world of motion.

 

PDMR - Director Dealings

 

 

Flowtech Fluidpower plc has been notified of the following purchases of ordinary shares in the Company by Non-Executive Chair Roger McDowell

on 27 September 2024:

 

Ordinary Shares

Purchased

Resultant Number of

Ordinary Shares

Resultant Percentage

Holding in the Company

Roger McDowell, Non-Executive Chair

50,000

1,132,000

1.8%

 

 

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

 

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

Roger McDowell

2

Reason for the notification

a)

Position/status

Chairman / 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

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 50 pence each ("Ordinary Shares")

Identification code

ISIN: GB00BM4NR742

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




90 pence per Ordinary Share

89.49 pence per Ordinary Share

10,000

40,000

 

 

 






d)

 

Aggregated information

N/A

- Aggregated volume


- Weighted average price


e)

Date of the transaction

27 September 2024

f)

Place of the transaction

XLON

 

 

 

FURTHER ENQUIRIES TO:

Flowtech Fluidpower plc

Russell Cash, Chief Financial Officer & Company Secretary

Tel: +44 (0) 1695 52759

Email: info@flowtechfluidpower.com

 


 

Panmure Liberum Limited (Nominated adviser and joint broker)

Richard Lindley, Director Investment Banking

Will King, Assistant Director, Investment Banking

Tel: +44 (0) 20 3100 2000

 


 

Singer Capital Markets (Joint broker)

Tom Salvesen, Head of Investment Banking

James Todd, Associate, Investment Banking

Tel: +44 (0) 207 496 3000

 


 

TooleyStreet Communications (IR and media relations)

Fiona Tooley

Tel: +44 (0) 7785 703523 or email: fiona@tooleystreet.com

 

 

 

EDITORS NOTE:

Flowtech Fluidpower plc (AIM:FLO), is the largest supplier of fluid power products, systems and solutions in the UK, Ireland, and Benelux. As a specialist we have the expertise and experience our customers need to help them minimise downtime, optimise performance and maximise the lifespan of operations. Today, the Company is a strong market leader in a highly fragmented £30bn European market. We work across virtually all industry sectors, serving the needs of our customers who are designing, building, maintaining, and improving industrial plant, equipment, and operations. To read more about the Group, please visit: www.flowtechfluidpower.com.

 

 

 

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