Company Announcements

Exercise of Options, Treasury Shares and TVR

Source: RNS
RNS Number : 4722W
Thorpe(F.W.) PLC
15 July 2024
 

FW Thorpe Plc

("FW Thorpe" or the "Company")

 

Exercise of Share Options, PDMR Dealing, Transaction in Own Shares and Total Voting Rights

 

FW Thorpe announces that it was notified that on 12 July certain Directors, of the Company exercised share options ("Share Options") over 20,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 124 pence per Ordinary Share.  To satisfy the exercise of the Share Options 20,000 existing Ordinary Shares have been transferred out of treasury.

 

The Share Options were granted in 2014 under the Company's Executive Share Option Plan and became exercisable on 30 September 2020 following the satisfaction of performance conditions relating to the Company's earnings per Ordinary Share.

 

Details of those Directors who participated in the exercise of Share Options are as follows:

 

Name of Director

Number of

 

 

Share Options exercised

Ordinary Shares sold

Resultant interest in Ordinary Shares

Resultant interest in Ordinary Shares (%)

Craig Muncaster

20,000

Nil

160,000

0.14%

 

 

Total voting rights

 

The share capital of the Company comprises 118,935,590 Ordinary Shares.  Following the exercise of the Share Options referred to above, the Company holds 1,593,682 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 117,341,908.  This figure of 117,341,908 may be used by the Company's shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of FW Thorpe under the DTRs.

 

 

 

For further information, please contact:

 

FW Thorpe Plc

Mike Allcock - Non-Executive Chairman                                                             Tel:  01527 583200

Craig Muncaster - Chief Executive and Financial Director                                   

 

Singer Capital Markets - Nominated Adviser                                                   

James Moat/Sam Butcher                                                                                  Tel:  020 7496 3000

 

 


1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Craig Muncaster

2

 

Reason for the notification

 

a)

 

Position/status

 

Joint Chief Executive, Group Financial Director and Company Secretary (PDMR)

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

FW Thorpe plc

b)

 

LEI

 

2138007NXVPPRAXXHT76

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

 

Identification code

 

Ordinary shares of 1p each

 

 

ISIN Code: GB00BC9ZLX92

 

b)

 

Nature of the transaction

 

Exercise of options

c)

 

Price(s) and volume(s)

 

 

Price(s):

 

Volume(s):

124 pence each

20,000 options exercised


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A

e)

 

Date of the transaction

 

12 July 2024

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

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