Elektron Technology plc
("Elektron" or the "Company")
Director / PDMR Shareholding
Elektron Technology plc announces that on 18 January 2017 Keith Daley exercised his Market Value Option to acquire shares in the Company granted by the Trustee on 28 July 2016, in part, at an exercise price equal to the mid-market price of the Company's shares at close of business on 17 December 2017 being 7.625p.
The resulting shares and options held by Keith Daley following the above transaction are as follows:
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|
Keith Daley |
|
Shares |
21,710,516 (11.67%) |
|
Market Value Options |
541,500 |
|
Options awarded under LTIP |
Nil |
Following the above transactions the Elektron Technology plc 2012 Employee Benefit Trust is interested in 8,283,650 ordinary shares in the capital of the Company, representing 4.45% of the Company's issued share capital.
For further information:
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Elektron Technology www.elektron-technology.com |
+44 (0) 1223 371 000 |
|
Andy Weatherstone - Chief Financial Officer |
|
|
|
|
|
finnCap (Nominated Adviser and Broker) |
+44 (0)20 7220 0500 |
|
Ed Frisby/Scott Mathieson (Corporate Finance) |
|
|
Malar Velaigam (Corporate Broking) |
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The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulations and set out more details of the transactions.
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1. |
Details of PDMR |
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|
(a) |
Name |
Keith Daley |
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2. |
Reason for notification |
|
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(b) |
Position / status |
Chairman |
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(c) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the Issuer |
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|
(a) |
Name |
Elektron Technology plc |
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(b) |
LEI |
n/a |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transaction(s) have been conducted |
|
|
(a) |
Description of the financial instrument |
Ordinary shares of 5p each |
|
(b) |
Nature of the transaction |
Exercise of an option to acquire shares |
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(c) |
Price(s) and volume |
1,000,000 ordinary shares @ 7.625p each |
|
(d) |
Aggregated information |
N/A |
|
(e) |
Date of the transaction |
18 January 2017 |
|
(f) |
Place of the transaction |
Outside a trading venue |