RNS Number : 6282R
Elektron Technology PLC
13 December 2016
 

Elektron Technology plc

("Elektron" or the "Company") 

 

Director / PDMR Shareholding

 

Elektron Technology plc announces that on 12 December 2016 each of John Wilson and Keith Daley exercised their 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 09 December.

 

The resulting shares and options held by Keith Daley and John Wilson following the above transactions are as follows: 

 

Keith Daley

John Wilson

Shares

20,710,516 (11.13%)

2,416,161 (1.30%)

Market Value Options

1,541,500

1,541,500

Options awarded under LTIP

Nil

5,000,000

  

Following the above transactions the Elektron Technology plc 2012 Employee Benefit Trust is interested in 9,283,650 ordinary shares in the capital of the Company, representing 4.99% of the Company's issued share capital.

 

The Company has also been informed that Peter Welch purchased 100,000 ordinary shares in Elektron earlier today at a price of 8p per share.

  

For further information: 

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)


 

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.

  

1.

Details of PDMR

(a)

Name

John Wilson

2.

Reason for notification

(b)

Position / status

Chief Executive Officer

(c)

Initial notification / amendment

Initial notification

3.

Details of the Issuer

(a)

Name

Elektron Technology plc

(b)

LEI

n/a

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

(c)

Price(s) and volume

400,000 ordinary shares @ 7.5p each

(d)

Aggregated information

N/A

(e)

Date of the transaction

12 December 2016

(f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR

(a)

Name

Keith Daley

2.

Reason for notification

(b)

Position / status

Chairman

(c)

Initial notification / amendment

Initial notification

3.

Details of the Issuer

(a)

Name

Elektron Technology plc

(b)

LEI

n/a

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

(c)

Price(s) and volume

1,000,000 ordinary shares @ 7.5p each

(d)

Aggregated information

N/A

(e)

Date of the transaction

12 December 2016

(f)

Place of the transaction

Outside a trading venue

 

1.

Details of PDMR

(a)

Name

Charles Peter Welch

2.

Reason for notification

(b)

Position / status

Non-Executive Director

(c)

Initial notification / amendment

Initial notification

3.

Details of the Issuer

(a)

Name

Elektron Technology plc

(b)

LEI

n/a

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

Market purchase

(c)

Price(s) and volume

100,000 ordinary shares @ 8p each

(d)

Aggregated information

N/A

(e)

Date of the transaction

12 December 2016

(f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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