This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
FLOWTECH FLUIDPOWER PLC
("Flowtech" or the "Company")
Director / PDMR Shareholding
Flowtech Fluidpower plc, the UK's leading specialist supplier of technical fluid power products, announces that it has been notified that Roger McDowell, Non-Executive Chair of Flowtech, has purchased a total of 750,000 ordinary shares of 50 pence each in the Company ("Ordinary Shares") on 21 April 2021 at a price of 100 pence per Ordinary Share via his SIPP.
Following this transaction, Mr. McDowell has an interest in 750,000 Ordinary Shares, representing approximately 1.22 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.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Flowtech Fluidpower plc
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
Description of the financial instrument, type of instrument
Ordinary Shares of 50 pence each
Nature of the transaction
Purchase of ordinary shares
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
21 April 2021
Place of the transaction
London Stock Exchange, AIM
Flowtech Fluidpower plc
Bryce Brooks, Chief Executive Officer
Russell Cash, Chief Financial Officer
Tel: +44 (0) 1695 52796
Email [email protected]
LSE: AIM symbol FLO
Zeus Capital Limited (Nominated Adviser and Broker)
Andrew Jones, Kieran Russell (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)
Tel: +44 (0) 7785 703523 or email: [email protected]