Synectics plc
("Synectics" or the "Company")
Director/PDMR dealings
2 October 2019
HMRC Approved Employee Share Acquisition Plan ("ESAP")
Synectics (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, has been notified that the Trustee of the ESAP purchased on 1 October 2019 9,279 ordinary shares of 20 pence each in the Company ("Shares") at £1.53 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 30 September 2019.
Under the terms of the ESAP, participating members, including employees and certain Directors of the Company, contribute a fixed amount to the Trustee on a monthly basis. The Trustee acquires a number of 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 Share on the date of purchase.
The Trustee also reinvested the Company's interim dividend paid to shareholders on 20 September 2019 and purchased on 1 October 2019 511 Shares at £1.53 per Share in accordance with the ESAP's rules.
As a result of these purchases, the Company has been notified that Paul Webb, Chief Executive Director, has acquired an interest in 652 Shares and that Greg Alcorn, a PDMR of the Company, has acquired an interest in 604 Shares.
Performance Share Plan ("PSP")
The Company has also been notified that on 1 October 2019, David Gavin, a PDMR of the Company, exercised options over Shares which had previously vested under the performance criteria of the PSP and sold the Shares at a price of £X per Share, as follows:
| Name | Position | Status | PSP options exercised | Shares retained in own name | Shares sold |
| David Gavin | General Manager, Synectic Systems Group | PDMR | 10,000 | - | 10,000 |
Full details of the PSP are set out in the Company's Annual Report for the year ended 30 November 2018.
Interests in Shares
Following these transactions, the interests of Paul Webb, Greg Alcorn and David Gavin in Shares are as follows:
| Name | Shares Held | Interest in Shares in Share Schemes | Resultant Total Interest | % of Issued Share Capital |
| Paul Webb | 52,115 | 248,149 | 300,264 | 1.69 |
| Greg Alcorn | 0 | 12,477 | 12,477 | 0.07 |
| David Gavin | 0 | 2,000 | 2,000 | 0.01 |
For further information, please contact:
Synectics plc
Claire Stewart, Company Secretary
Tel: +44(0) 1527 850 080
Shore Capital
Tom Griffiths / Henry Willcocks
Tel: +44 (0) 20 7408 4050
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
| a)
| Names | Paul Webb | ||||
| 2
| Reason for the notification | |||||
| a)
| Position/status
| Director | ||||
| b)
| Initial notification /Amendment | Initial Notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a)
| Name | Synectics plc | ||||
| b)
| LEI | 213800C1F7YZH96U2Z49 | ||||
| 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 20p each | ||||
| b) | Identification code
| GB0007156838 | ||||
| c)
| Nature of the transaction
| Purchase (by employee share acquisition plan) | ||||
| d)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information - Aggregated volume - Price |
n/a
| ||||
| e)
| Date of the transaction | 01 October 2019 | ||||
| f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
| a)
| Names | Greg Alcorn | ||||
| 2
| Reason for the notification | |||||
| a)
| Position/status
| PDMR | ||||
| b)
| Initial notification /Amendment | Initial Notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a)
| Name | Synectics plc | ||||
| b)
| LEI | 213800C1F7YZH96U2Z49 | ||||
| 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 20p each | ||||
| b) | Identification code
| GB0007156838 | ||||
| c)
| Nature of the transaction
| Purchase (by employee share acquisition plan) | ||||
| d)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information - Aggregated volume - Price |
n/a | ||||
| e)
| Date of the transaction | 01 October 2019 | ||||
| f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
| a)
| Names | David Gavin | ||||
| 2
| Reason for the notification | |||||
| a)
| Position/status
| PDMR | ||||
| b)
| Initial notification /Amendment | Initial Notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a)
| Name | Synectics plc | ||||
| b)
| LEI | 213800C1F7YZH96U2Z49 | ||||
| 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 20p each | ||||
| b) | Identification code
| GB0007156838 | ||||
| c)
| Nature of the transaction
| Exercise of options and subsequent on-market sale of shares | ||||
| d)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information - Aggregated volume - Price |
n/a | ||||
| e)
| Date of the transaction | 01 October 2019 | ||||
| f)
| Place of the transaction | London Stock Exchange (XLON) | ||||