Business
Directors' Shareholdings and
Directors' Shareholdings and.
About this update from Porvair Plc
[{"type":"text","content":"\n RNS Number : 5711A Porvair PLC 02 February 2011 \n \n\nFor immediate release 2 February 2011\n \nPorvair plc (\"Porvair\" or the \"Company\")\nDirectors' Shareholdings and Issue of Equity\nThe Company was notified on 2 February 2011 of the following exercises of options over ordinary Porvair shares of 2 pence each (\"Porvair Shares\") by Ben Stocks, Chief Executive Officer, and Chris Tyler, Group Finance Director, pursuant to the Porvair Share Option Scheme 1997. These options had expiry dates between September 2011 and January 2012.\n\n\n\n\nDirector\n\n\nExercise price\n\n\nOptions exercised \n\n\n\n\nBen Stocks\n\n\n98p\n\n\n150,000\n\n\n\n\nChris Tyler\n\n\n98p\n\n\n100,000\n\n\n\n\nChris Tyler\n\n\n101.5p\n\n\n60,000\n\n\n\n\n \nBen Stocks has sold 135,500 of these new Porvair Shares at a price of 123 pence per share and Chris Tyler has sold 145,500 of these new Porvair Shares at a price of 123 pence per share in order to meet the cost of exercise and personal taxation liabilities.\n \nFollowing these dealings, Ben Stocks is interested in 117,685 Porvair Shares, representing approximately 0.3 per cent. of the Company's issued share capital, and Chris Tyler is interested in 53,500 Porvair Shares, representing approximately 0.1 per cent. of the Company's issued share capital.\nThe Company has also been notified by other option holders of the exercise of options over a further 42,000 Porvair Shares in aggregate.\nAs a result of the above exercises of options, the Company has today issued in aggregate 352,000 new Porvair Shares. Application will be made for the new Porvair Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading. It is expected that the admission of the new Porvair Shares to trading will occur on 8 February 2011.\n \nFollowing the issue of th...