THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN FLOWTECH FLUIDPOWER PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR"). In addition, market soundings (as defined in MAR) were taken in respect of the Placing with the result that certain persons became aware of inside information (as defined in MAR), as permitted by MAR. This inside information is set out in this Announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of such inside information relating to the Company and its securities. FLOWTECH FLUIDPOWER PLC ("Flowtech" the "Group" or "Company") Option Exercise and Director's Dealings |
London: Monday, 19 March 2018: AIM listed specialist technical fluid power products supplier Flowtech Fluidpower plc (LSE: AiM: symbol: FLO) announces the following dealings by Bryce Brooks, Chief Financial Officer. On 16 March 2018 Bryce Brooks exercised his Enterprise Management Incentive ("EMI") share option over 90,000 new ordinary shares (the "New Shares") at an exercise price of 100p per share. These options were granted at the time of flotation in 2014. Following this exercise Mr Brooks has EMI share options over 159,999 shares. Concurrent with exercise of the option, Mr Brooks agreed to sell 55,000 New Shares to the Flowtech Fluidpower plc Employee Benefit Trust at 176.25 pence per share, being the closing mid-market price on 15 March, and the proceeds applied to settle the exercise price. Mr Brooks has also agreed to sell the balance of 35,000 New Shares for cash to his Self-Invested Personal Pension Plan ("SIPP") at 175.5p. Completion of these arrangements will occur following Admission. Following completion of these arrangements, Mr Brooks will be beneficially interested in 129,000 shares. Admission Application will be made for the New Shares to be admitted to AIM and it is expected that admission will become effective and trading will commence at 8:00 a.m. on or around 23 March 2018 ("Admission"). The New Shares will, following Admission, rank pari passu in all respects with the existing ordinary shares in issue and will carry the right to receive all dividends and distributions declared, made or paid on or in respect of the ordinary shares after Admission. |
