02 October 2024 | |
Synectics plc
("Synectics" or the "Company")
PDMR dealings
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, has been notified that on 1 October 2024, the Trustee of the Company's HMRC Approved Employee Share Acquisition Plan ("ESAP") purchased a total of 9,949 ordinary shares of 20 pence each in the Company ("Ordinary Shares") at a price of £2.70 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 2024.
Under the terms of the ESAP, participating members, including employees, and a PDMR, contribute a fixed amount to the Trustee on a monthly basis. The Trustee acquires a number of Ordinary 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 Ordinary Share at the beginning of the Period which was £1.675.
As a result of this purchase, the Company has been notified that the following PDMR has acquired the following interests in Ordinary Shares:
|
Name |
Position |
Status | Number of Ordinary Shares purchased by the Trustee |
| David Gavin | Divisional Director | PDMR | 537 |
Following these purchases, the interests of Mr Gavin in the Ordinary Shares are as follows:
| Name |
Number of Ordinary Shares Held | Interest in Ordinary Shares in Share Schemes |
Resultant Total Interest |
% of Issued Share Capital |
| David Gavin | 0 | 65,796 | 65,796 | 0.37 |
For further information, please contact:
| Synectics plc Amanda Larnder, Interim CEO and CFO Claire Stewart, Company Secretary email: info@synecticsplc.com | Tel: +44 (0) 114 280 2828 |
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| Shore Capital | Tel: +44 (0) 20 7408 4090 |
| Corporate Advisory - Tom Griffiths / David Coaten / Rachel Goldstein Corporate Broking - Fiona Conroy | |
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| Vigo Consulting Jeremy Garcia / Fiona Hetherington / Peter Jacob | Tel: +44 (0) 20 7390 0230 |
About Synectics plc
Synectics (AIM: SNX) is a leader in advanced security and surveillance systems that help protect people, property, communities, and assets around the world.
The Company's expertise is in providing solutions for specific markets where security and surveillance are critical to operations. These include gaming, oil and gas, public space, transport, and critical infrastructure.
Synectics has deep industry experience in these markets and works closely with customers to deliver solutions that are tailored to meet their needs. Technical excellence, combined with decades of experience and long-standing customer relationships, provides fundamental differentiation from mainstream suppliers and makes the Company a stand-out in its field.
Find out more at www.synecticsplc.com
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