Flowtech Fluidpower PLC has announced the purchase of ordinary shares in the company by two of its Persons Discharging Managerial Responsibilities (PDMRs). Roger McDowell, the Non-executive Chair, purchased 32,000 ordinary shares, resulting in a 1.76% holding in the company. Jamie Brooke, a Non-executive Director, purchased 30,000 ordinary shares, resulting in a 0.39% holding. The transactions were made in accordance with the EU Market Abuse Regulation.
Flowtech Fluidpower PLC, founded in 1983, aims to provide customers with power, motion, and control solutions, from single components to integrated engineering systems, utilizing the best global brands, products, services, and engineers in the market. The company operates across Great Britain, the Island of Ireland, and The Benelux, serving customers globally. Flowtech joined the AIM market in 2014.
The company's purpose is to provide power and motion solutions, keeping industry moving and creating a more sustainable world. Their vision is to be the trusted adviser and solutions partner in a world of motion. Flowtech works across all industry sectors, serving the needs of customers involved in designing, building, maintaining, and improving industrial plant, equipment, and operations.
Flowtech adds value by being a technical specialist and trusted adviser to Maintenance, Repair & Operations (MRO) customers, Original Equipment Manufacturers (OEMs), and through their long-standing Distributor Partner channels. They provide essential technical products combined with a broad range of specialist engineering services across the world of Power, Motion & Control.
The company stocks over 75,000 Power, Motion & Control products, including hydraulic and pneumatic consumables, and trades through various channels, including E-commerce Websites, Central Sales, Technical and Customer Support teams, and localized Engineering Centers across GB, Ireland, and Benelux. They partner and distribute for the widest Technical Product range.
The recent director dealings and the company's overview demonstrate Flowtech Fluidpower PLC's commitment to providing comprehensive power, motion, and control solutions while maintaining transparency and compliance with regulatory requirements.