| NEWS RELEASE Issued on behalf of Flowtech Fluidpower plc Immediate Release Wednesday, 18 May 2022 |
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FLOWTECH FLUIDPOWER PLC
("Flowtech" or the "Company")
Specialist full-service supplier of technical fluid power products and services
Director / PDMR dealing
Flowtech Fluidpower plc, announces that it has been notified that Jamie Brooke, Non-Executive Director, and Ailsa Webb, Non-Executive Director, have purchased ordinary shares of 50 pence each in the Company ("Ordinary Shares").
Jamie Brooke purchased a total of 15,000 Ordinary Shares on 12 May 2022 at an average price of 120.0 pence per Ordinary Share. Following the transaction, Mr. Brooke is interested in an aggregate of 95,000 Ordinary Shares representing 0.15% of the Company's issued Ordinary Share Capital.
Ailsa Webb purchased in aggregate 40,121 Ordinary Shares between 16 and 17 May 2022 at a volume weighted average price of 124.6 pence per Ordinary Share. Following the transactions, Mrs Webb is interested in an aggregate of 40,121 Ordinary Shares representing 0.06% of the Company's issued Ordinary Share Capital.
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.
| ENQUIRIES: |
| Flowtech Fluidpower plc Bryce Brooks, Chief Executive Russell Cash, Chief Financial Officer Tel: +44 (0) 1695 52759 Email: info@flowtechfluidpower.com |
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| Liberum (Nominated adviser and Sole Broker) Richard Lindley / Ben Cryer / William Hall / Will King Tel: +44 (0) 20 3100 2000 |
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| TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: +44 (0) 7785 703523 or email: fiona@tooleystreet.com |
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 | James Brooke | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Non-Executive Director / 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) | | |
| | | 120.0 pence | 15,000 | | |
| d) | Aggregated information | N/A | |||
| - Aggregated volume | | ||||
| - Weighted average price | | ||||
| e) | Date of the transaction | 12 May 2022 | |||
| f) | Place of the transaction | XLON | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Ailsa Webb | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Non-Executive Director / 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 | i) Purchase of Ordinary Shares ii) Purchase of Ordinary Shares | |||
| c)
| Price(s) and volume(s) | | |||
| | | Price(s) | Volume(s) | | |
| | i) | 123.2 pence | 402 | | |
| | ii) | 124.6 pence | 39,719 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| - Aggregated volume | 40,121 | ||||
| - Weighted average price | 124.6 pence | ||||
| e) | Date of the transaction | i) 16 May 2022 ii) 17 May 2022 | |||
| f) | Place of the transaction | XLON | |||
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