TIDMFLO

RNS Number : 6124R

Flowtech Fluidpower PLC

30 October 2019

 
     Flowtech Fluidpower PLC 
   ("Flowtech" or the "Company") 
 
    Director Share Option Award

Flowtech Fluidpower plc, the UK's leading specialist supplier of technical fluid power products, announces that it has granted an option over ordinary shares of 50 pence each in the Company ("Ordinary Shares") on 25 October 2019 to Russell Cash, Chief Financial Officer of Flowtech, pursuant to the rules of the Unapproved Sub-Plan to the Flowtech Fluidpower plc Enterprise Management Incentive Plan.

The award provides an option to acquire a total of 150,000 Ordinary Shares at an exercise price of 50 pence per Ordinary Share. The option is exercisable upon publication of the Company's accounts for the financial period to 31 December 2021 and is not subject to the achievement of any performance criteria.

Following this transaction, Mr. Cash also remains interested in 28,570 Ordinary Shares, representing approximately 0.05 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                   Initial notification 
        /Amendment 
      -------------------------------------  ------------------------------------------- 
 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                     Ordinary shares of 50 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code                    GB00BM4NR742 
 
 b)    Nature of the transaction              Grant of option over ordinary shares 
      -------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                              --------------------  ------------------ 
                                               Price(s)              Volume(s) 
                                              --------------------  ------------------ 
    50 pence                                                         150,000 
   ---------------------------------------------------------------  ------------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                    N/A - single transaction 
 
  - Price 
 
 e)    Date of the transaction                25 October 2019 
      -------------------------------------  ------------------------------------------- 
 f)    Place of the transaction               Off market 
      -------------------------------------  ------------------------------------------- 
 
 
 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 30, 2019 05:30 ET (09:30 GMT)

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