Business
Directors' Shareholdings and Issue of Equity
Directors' Shareholdings and Issue of Equity.
About this update from Porvair Plc
[{"type":"text","content":"\n \nRNS Number : 2565D Porvair PLC 27 January 2015 \n \n\n \n\n\n\n\nFor immediate release\n\n\n 27 January 2015\n\n\n\n\n \n \n \n \nPorvair plc \n(\"Porvair\" or the \"Company\")\nDirectors' Shareholdings and Issue of Equity\nOn 26 January 2015, the Company was notified that on such date, the Directors undertook the following trades in ordinary shares of 2p each in the share capital of the Company (\"Shares\"):\n\n\n\n\nDirector\n\n\nPosition\n\n\nTransaction\n\n\n Number of Shares traded\n\n\nPurchase price\n\n\n\n\nBen Stocks\n\n\nCEO\n\n\nSale\n\n\n160,000 \n\n\n298.49p\n\n\n\n\nChris Tyler\n\n\nFinance Director\n\n\nSale\n\n\n131, 000 \n\n\n298.49p\n\n\n\n\nDr Raj Rajagopal\n\n\nNon-executive Director\n\n\nPurchase\n\n\n 15,000 \n\n\n302.875\n\n\n\n\nIn the case of Ben Stocks and Chris Tyler such Share sales relate to planned exercise of the following options under the Company's Share option schemes due to take place on 2 February 2015. Hence these Shares will not be issued and the trades settled until such date. In each case the Shares were sold in order to meet the cost of exercise, the personal taxation liabilities arising on the options and certain other financial commitments. The options to be exercised on 2 February 2015 are: \n\n\n\n\nDirector\n\n\nScheme\n\n\nYear of grant\n\n\nExercise price\n\n\nOptions exercised\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBen Stocks\n\n\nLTSP 2008\n\n\n2011\n\n\n2p\n\n\n260,000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nChris Tyler\n\n\nLTSP 2008\n\n\n2011\n\n\n2p\n\n\n181,000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFollowing complet...