RNS Number : 9472S
Flowtech Fluidpower PLC
18 June 2024
 


A blue and grey logo Description automatically generated

 

 

IMMEDIATE RELEASE

Tuesday, 18 June 2024

 

 

 

Flowtech Fluidpower plc

("the Company")

 

Issue of shares to the Employees Benefit Trust

and

Total Voting Rights

 

The Board has approved the issue and allotment of 400,000 ordinary shares in the Company (the "Allotment Shares") for nominal value of 50 pence per share, to Apex Financial Services (Trust Company) Ltd (the "Trustee"), acting in its capacity as trustee of the Flowtech Fluidpower Employee Benefit Trust (the "EBT"). The EBT is an employees' share scheme within the meaning of section 1166 of the Companies Act 2006; its purpose is to hold Ordinary Shares for the benefit of the Company's employees so that the Trustee can, in accordance with the terms of the EBT, use the Allotment Shares to satisfy the exercise of options and awards for the beneficiaries of the EBT under the Company's share incentive schemes.

 

Following the above transaction, the EBT holds 400,000 Ordinary Shares, representing approximately 0.6% of the Company's issued share capital.

 

Application will be made to the London Stock Exchange for admission to trading of the Allotment Shares on AIM (the "Admission"). Admission is expected to take place at 8.00 a.m. on 24 June 2024.

 

Total Voting Rights

Following the above transaction, the total number of voting rights in the Company will be 63,275,173. The Company holds no shares in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

 

 

Enquiries

Flowtech Fluidpower plc

Russell Cash, Chief Financial Officer & Company Secretary

Tel: +44 (0) 1695 577780

Email: info@flowtechfluidpower.com


To read more about the Group please visit: www.flowtechfluidpower.com.

 

Liberum (Nominated adviser and Sole Broker)

Richard Lindley / Will King

Tel: +44 (0) 20 3100 2000

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
STRDZGMVVRGGDZM