The 'Director / PDMR Dealing' announcement released earlier today (30 September) included an incorrect date of transaction in the description, this should have read 26 September 2019. This is corrected below. All other details of the announcement remain the same.
Flowtech Fluidpower PLC
('Flowtech' or the 'Company')
Director / PDMR Dealing
Flowtech Fluidpower plc, the UK's leading specialist supplier of technical fluid power products, announces that it has been notified that Russell Cash, Chief Financial Officer of Flowtech, has purchased a total of 28,570 ordinary shares of 50 pence each in the Company ('Ordinary Shares') on 26 September 2019 at an average price of 105.9 pence per Ordinary Share.
Following this transaction, Mr Cash has an interest in 28,570 Ordinary Shares, representing approximately 0.05 per cent. of the Company's issued Ordinary Share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Russell Cash
2
Reason for the notification
a)
Position/status
Chief Financial Officer/PDMR
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
FLOWTECH FLUIDPOWER PLC
b)
LEI
LEI: 213800N68SQY5X5XS290
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 transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of £0.50p each
Identification code
GB00BM4NR742
b)
Nature of the transaction
Purchase of ordinary shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
104.5p
8,995
105.0p
5,000
107.0p
9,657
107.5p
4,918
d)
Aggregated information
- Aggregated volume
28,570
- Price
105.9p
e)
Date of the transaction
26 September 2019
f)
Place of the transaction
London Stock Exchange, AIM
Enquiries to:
Flowtech Fluidpower plc
Bryce Brooks, Chief Executive Officer
Russell Cash, Chief Financial Officer
Tel: 44 (0) 1695 52796
Emailinfo@flowtechfluidpower.com
LSE:AIMsymbol FLO
Zeus Capital Limited (Nominated Adviser and Broker)
Andrew Jones, Alistair Donnelly (corporate finance)
Dominic King, John Goold (sales & broking)
Tel: 44 (0) 161 831 1512
finnCap Limited (Joint Broker)
Ed Frisby, Kate Bannatyne (Corporate Finance)
Rhys Williams, Andrew Burdis (Sales & Broking)
Tel: 44 (0) 20 7220 0500
TooleyStreet Communications (IR and media relations)
Fiona Tooley
Tel: 44 (0) 7785 703523 or email:fiona@tooleystreet.com
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Disclaimer
Flowtech FluidPower plc published this content on 30 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2019 18:42:01 UTC
Flowtech Fluidpower plc is a United Kingdom-based company, which is engaged in supplying fluid power products and solutions. The Company's principal activities are distribution of engineering components and assemblies, focusing on the fluid power industry. It operates through three segments: Flowtech, Fluidpower Group Solutions, and Fluidpower Group Services. Flowtech segment is engaged in the supply of both hydraulic and pneumatic consumables, through distribution for maintenance and repair operations across all industry markets. Fluidpower Group Solutions segment supplies technical hydraulic components and systems predominantly into original equipment manufacturer (OEM) and end-user channels. Fluidpower Group Services segment includes Bespoke design, manufacturing, commissioning, installation, and servicing of systems to manufacturers of industrial and mobile hydraulic OEMs and a range of industrial end users. Its subsidiaries include Fluidpower Group UK Limited, and others.