| NEWS RELEASE Issued on behalf of Flowtech Fluidpower plc Thursday, 31 August 2023 Immediate Release
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FLOWTECH FLUIDPOWER PLC
("Flowtech", the "Group" or "Company")
"a world of motion"
Our aim is to provide our customers with power, motion & control solutions, from a single component to integrated engineering systems, in the most cost-effective way, harnessing the best global brands & products, services and engineers in the market.
PDMR - Director Dealings
Flowtech Fluidpower plc has been notified of the following purchases of ordinary shares in the Company by PDMRs and/or Persons Closely Associated with them (PCAs) on 30 August 2023:
| | Ordinary Shares Purchased | Resultant Number of Ordinary Shares | Resultant Percentage Holding in the Company |
| Roger McDowell, Chairman | 300,000 | 1,050,000 | 1.71% |
| Mike England, Chief Executive | 60,470 | 60,470 | 0.01% |
| Annabel Brooke, PCA of Jamie Brooke, Non-executive Director
| 115,000
| 210,000*
| 0.34%* |
*Note: resultant holding shown is for Jamie Brooke and his PCA, Annabel Brooke.
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) | | |
| | | 82.6 pence per Ordinary Share | 300,000 | | |
| | | | | | |
| d)
| Aggregated information | N/A | |||
| - Aggregated volume | | ||||
| - Weighted average price | | ||||
| e) | Date of the transaction | 30 August 2023 | |||
| f) | Place of the transaction | XLON | |||
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 | Mike England | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive Officer / 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) | | |
| | | 82.6 pence per Ordinary Share | 60,470 | | |
| | | | | | |
| d)
| Aggregated information | N/A | |||
| - Aggregated volume | | ||||
| - Weighted average price | | ||||
| e) | Date of the transaction | 30 August 2023 | |||
| f) | Place of the transaction | XLON | |||
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 | Annabel Brooke | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PCA of Jamie Brooke, 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) | | |
| | | 82.6 pence per Ordinary Share | 115,000 | | |
| | | | | | |
| d)
| Aggregated information | N/A | |||
| - Aggregated volume | | ||||
| - Weighted average price | | ||||
| e) | Date of the transaction | 30 August 2023 | |||
| f) | Place of the transaction | XLON | |||
| ENQUIRIES: |
| FLOWTECH FLUIDPOWER PLC Mike England, Chief Executive Russell Cash, Chief Financial Officer Tel: +44 (0) 1695 52759 Email: info@flowtechfluidpower.com
To read more about the Group please visit www.flowtechfluidpower.com |
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| Liberum (Nominated adviser and Sole Broker) Richard Lindley / Ben Cryer / 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 |
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