| NEWS RELEASE Issued on behalf of Flowtech Fluidpower plc Monday, 30 September 2024 Immediate Release
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FLOWTECH FLUIDPOWER PLC
("Flowtech", the "Group" or "Company")
"a world of motion"
Everything we do at Flowtech is focused on keeping business moving, whether that's supplying a product or designing and building a complex engineering solution. Our vision is to be the trusted advisor in a world of motion.
PDMR - Director Dealings
Flowtech Fluidpower plc has been notified of the following purchases of ordinary shares in the Company by Non-Executive Chair Roger McDowell
on 27 September 2024:
| | Ordinary Shares Purchased | Resultant Number of Ordinary Shares | Resultant Percentage Holding in the Company |
| Roger McDowell, Non-Executive Chair | 50,000 | 1,132,000 | 1.8% |
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 /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 | 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 50 pence each ("Ordinary Shares") | |||
| Identification code | ISIN: GB00BM4NR742 | ||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 90 pence per Ordinary Share 89.49 pence per Ordinary Share | 10,000 40,000 |
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| d)
| Aggregated information | N/A | |||
| - Aggregated volume | | ||||
| - Weighted average price | | ||||
| e) | Date of the transaction | 27 September 2024 | |||
| f) | Place of the transaction | XLON | |||
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FURTHER ENQUIRIES TO: Flowtech Fluidpower plc Russell Cash, Chief Financial Officer & Company Secretary Tel: +44 (0) 1695 52759 Email: info@flowtechfluidpower.com |
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| Panmure Liberum Limited (Nominated adviser and joint broker) Richard Lindley, Director Investment Banking Will King, Assistant Director, Investment Banking Tel: +44 (0) 20 3100 2000 |
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| Singer Capital Markets (Joint broker) Tom Salvesen, Head of Investment Banking James Todd, Associate, Investment Banking Tel: +44 (0) 207 496 3000 |
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| TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: +44 (0) 7785 703523 or email: fiona@tooleystreet.com
EDITORS NOTE: Flowtech Fluidpower plc (AIM:FLO), is the largest supplier of fluid power products, systems and solutions in the UK, Ireland, and Benelux. As a specialist we have the expertise and experience our customers need to help them minimise downtime, optimise performance and maximise the lifespan of operations. Today, the Company is a strong market leader in a highly fragmented £30bn European market. We work across virtually all industry sectors, serving the needs of our customers who are designing, building, maintaining, and improving industrial plant, equipment, and operations. To read more about the Group, please visit: www.flowtechfluidpower.com.
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