Business
PDMRs' Interests in Shares
PDMRs' Interests in Shares.
About this update from Synectics Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n RNS\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 14 March 2023\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Synectics plc\n \n \n (\"Synectics\" or the \"Company\")\n \n \n \n \n \n PDMRs' Interests in Shares\n \n \n \n \n \n Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems,\n announces that it has made an award of options (\"Options\") over in aggregate 80,000 ordinary shares of 20p each in the Company (\"Ordinary Shares\") under its existing Performance Share Plan (\"PSP\"), to certain employees, including two Persons Discharging Managerial Responsibility (\"PDMRs\"), details of which are set out below:\n \n \n \n \n \n \n \n \n \n \n Name\n \n \n \n \n \n \n Number of Options\n \n \n \n \n \n \n \n David Gavin\n \n \n \n \n 20,000\n \n \n \n \n \n \n Iain Stringer\n \n \n \n \n 20,000\n \n \n \n \n \n \n \n \n \n Following these awards, the PDMRs' total interests in Ordinary Shares comprise:\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 Name\n \n \n \n \n \n \n \n \n \n \n \n Number of\n \n \n \n \n Ordinary Shares held\n \n \n \n \n \n \n Interest in Ordinary Shares in Synectics share schemes\n \n \n \n \n \n \n \n \n \n \n \n Resultant total interest in Ordinary Shares\n \n \n \n \n \n \n \n \n \n \n \n % of issued share capital\n \n \n \n \n \n \n \n David Gavin\n \n \n \n \n -\n \n \n \n \n 60,000\n \n \n \n \n 60,000\n \n \n \n \n 0.34%\n \n \n \n \n \n \n Iain Stringer\n \n \n \n \n 12,210\n \n \n \n \n 60,000\n \n \n \n \n 72,210\n \n \n \n \n 0.41%\n \n \n \n \n \n \n \n \n \n Under the PSP, selected employees are entitled to exercise an option to receive a certain number of Ordinary Shares at any time after a three-year vesting period, exercisable at nil cost. The number of Ordinary Shares that are awarded at the end of the three-year period is dependent on the achievement of certain performance criteria and must be exercised within ten years of the date of award.\n \n \n \n \n \n Vesting of the PSP award is measured according to the average of the...