Director/PDMR Shareholding
Synectics plc announced that Chief Executive Officer Amanda Larnder exercised options on 62,000 ordinary shares at 177.50 pence per share, totaling £109,850. To cover the tax liability, 29,140 shares were withheld, resulting in Mrs. Larnder being issued 32,860 net shares. Following this transaction, her total interest in ordinary shares is 77,291, representing 0.43% of the company's issued share capital, and she holds options over 1,040,000 ordinary shares.
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Synectics plc (AIM: SNX), a leader in advanced security and surveillance solutions, announces that, on 13 March 2026, Amanda Larnder, Chief Executive Officer, exercised options over 62,000 ordinary shares of 20 pence each in the Company ("Ordinary Shares") at a price of 177.50 pence per Ordinary Share ("Exercise Price"), which had vested under the performance criteria of the Company's Performance Share Plan ("PSP") granted on 1 August 2022 (the "Option Exercise").
In order to satisfy the tax liability due under the Option Exercise, the Company has implemented a net settlement arrangement. As such, 29,140 Ordinary Shares were withheld from issue to Mrs Larnder at the Exercise Price, the value of which will be paid by the Company to His Majesty's Revenue and Customs by the Company on her behalf (the "Tax Liability").
Following the Option Exercise and net settlement of the Tax Liability, Mrs Larnder has been issued 32,860 Ordinary Shares.
The Ordinary Shares issued pursuant to the Option Exercise have been satisfied by way of a transfer of Ordinary Shares currently held by the Company's employee benefit trust. Further details of the PSP can be found in the Company's annual report and accounts at www.synecticsplc.com.
Summary of transactions:
| Name | Position | Status | Number of options under the PSP exercised | Ordinary Shares issued (net of Tax Liability) | Number of Ordinary Shares sold |
| Amanda Larnder | Chief Executive Officer | Executive Director | 62,000 | 32,860 | 0 |
| Name | Number of Ordinary Shares held prior to exercise | Number of Ordinary Shares issued | Resultant interest in Ordinary Shares | % of the Company's issued share capital | Interest in Options over Ordinary Shares |
| Amanda Larnder | 44,431 | 32,860 | 77,291 | 0.43 | 1,040,000 |
| a) | Name | Amanda Larnder | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive Officer | |||
| b) | Initial notification /Amendment | Initial notification | |||
| a) | Name | Synectics plc | |||
| b) | LEI | 213800C1F7YZH96U2Z49 | |||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 20 pence each GB0007156838 | |||
| b) | Nature of the transaction | Exercise of options under Performance Share Plan | |||
| c) | Price(s) and volume(s) | Price: 177.50 pence Volume: 62,000 | |||
| d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | |||
| e) | Date of the transaction | 13 March 2026 | |||
| f) | Place of the transaction | AIM, London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.