TIDMFLO

RNS Number : 8708K

Flowtech Fluidpower PLC

31 August 2023

 
 NEWS RELEASE 
  Issued on behalf of Flowtech Fluidpower 
  plc 
  Thursday, 31 August 2023 
  Immediate Release 
 

FLOWTECH FLUIDPOWER PLC

("Flowtech", the "Group" or "Company")

"a world of motion"

Our aim is to provide our customers with power, motion & control solutions, from a single component to integrated engineering systems, in the most cost-effective way, harnessing the best global brands & products, services and engineers in the market.

PDMR - Director Dealings

Flowtech Fluidpower plc has been notified of the following purchases of ordinary shares in the Company by PDMRs and/or Persons Closely Associated with them ( PCAs) on 30 August 2023:

 
                                  Ordinary Shares   Resultant Number   Resultant Percentage 
                                     Purchased             of             Holding in the 
                                                     Ordinary Shares          Company 
 Roger McDowell, Chairman             300,000          1,050,000              1.71% 
                                 ================  =================  ===================== 
 Mike England, Chief Executive        60,470             60,470               0.01% 
                                 ================  =================  ===================== 
 Annabel Brooke, PCA of 
  Jamie Brooke, Non-executive 
  Director                            115,000          210,000 *              0.34%* 
                                 ================  =================  ===================== 
 

* Note: resultant holding shown is for Jamie Brooke and his PCA, Annabel Brooke.

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

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                               Roger McDowell 
      ---------------------------------  -------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                    Chairman / PDMR 
      ---------------------------------  -------------------------------------------------- 
 b)    Initial notification               Initial notification 
        /Amendment 
      ---------------------------------  -------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                               Flowtech Fluidpower plc 
      ---------------------------------  -------------------------------------------------- 
 b)    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                 Ordinary shares of 50 pence each ("Ordinary 
        financial instrument,              Shares") 
        type of instrument 
       Identification code                ISIN: GB00BM4NR742 
      ---------------------------------  -------------------------------------------------- 
 b)    Nature of the transaction          Purchase of Ordinary Shares 
      ---------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                          ----------------------------  ----------------- 
                                           Price(s)                      Volume(s) 
                                          ----------------------------  ----------------- 
    82.6 pence per 
     Ordinary Share                                                      300,000 
   -------------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information             N/A 
  - Aggregated volume 
  - Weighted average 
   price 
 ----------------------------------------------------------------  ------------------------ 
 e)    Date of the transaction            30 August 2023 
      ---------------------------------  -------------------------------------------------- 
 f)    Place of the transaction           XLON 
      ---------------------------------  -------------------------------------------------- 
 

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                               Mike England 
      ---------------------------------  -------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                    Chief Executive Officer / PDMR 
      ---------------------------------  -------------------------------------------------- 
 b)    Initial notification               Initial notification 
        /Amendment 
      ---------------------------------  -------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                               Flowtech Fluidpower plc 
      ---------------------------------  -------------------------------------------------- 
 b)    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                 Ordinary shares of 50 pence each ("Ordinary 
        financial instrument,              Shares") 
        type of instrument 
       Identification code                ISIN: GB00BM4NR742 
      ---------------------------------  -------------------------------------------------- 
 b)    Nature of the transaction          Purchase of Ordinary Shares 
      ---------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                          ----------------------------  ----------------- 
                                           Price(s)                      Volume(s) 
                                          ----------------------------  ----------------- 
    82.6 pence per 
     Ordinary Share                                                      60,470 
   -------------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information             N/A 
  - Aggregated volume 
  - Weighted average 
   price 
 ----------------------------------------------------------------  ------------------------ 
 e)    Date of the transaction            30 August 2023 
      ---------------------------------  -------------------------------------------------- 
 f)    Place of the transaction           XLON 
      ---------------------------------  -------------------------------------------------- 
 

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                               Annabel Brooke 
      ---------------------------------  -------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                    PCA of Jamie Brooke, Non-Executive Director 
                                           / PDMR 
      ---------------------------------  -------------------------------------------------- 
 b)    Initial notification               Initial notification 
        /Amendment 
      ---------------------------------  -------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                               Flowtech Fluidpower plc 
      ---------------------------------  -------------------------------------------------- 
 b)    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                 Ordinary shares of 50 pence each ("Ordinary 
        financial instrument,              Shares") 
        type of instrument 
       Identification code                ISIN: GB00BM4NR742 
      ---------------------------------  -------------------------------------------------- 
 b)    Nature of the transaction          Purchase of Ordinary Shares 
      ---------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                          ----------------------------  ----------------- 
                                           Price(s)                      Volume(s) 
                                          ----------------------------  ----------------- 
    82.6 pence per 
     Ordinary Share                                                      115,000 
   -------------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information             N/A 
  - Aggregated volume 
  - Weighted average 
   price 
 ----------------------------------------------------------------  ------------------------ 
 e)    Date of the transaction            30 August 2023 
      ---------------------------------  -------------------------------------------------- 
 f)    Place of the transaction           XLON 
      ---------------------------------  -------------------------------------------------- 
 
 
 ENQUIRIES: 
========================================================================== 
     FLOWTECH FLUIDPOWER PLC 
      Mike England, Chief Executive 
      Russell Cash, Chief Financial Officer 
      Tel: +44 (0) 1695 52759 
      Email: info@flowtechfluidpower.com 
 
      To read more about the Group please visit www.flowtechfluidpower.com 
 
     Liberum (Nominated adviser and Sole Broker) 
      Richard Lindley / Ben Cryer / Will King 
      Tel: +44 (0) 20 3100 2000 
 
     TooleyStreet Communications (IR and media relations) 
      Fiona Tooley 
      Tel: +44 (0) 7785 703523 
      or email : fiona@tooleystreet.com 
 

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END

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August 31, 2023 02:00 ET (06:00 GMT)

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