Grant of Options

Source: RNS
RNS Number : 6501Q
Thorpe(F.W.) PLC
31 May 2024
 

FW Thorpe Plc

("FW Thorpe" or the "Company")

Grant of Options

 

FW Thorpe announces that following approval of the Executive Share Ownership Plan at the General Meeting held on 18 April 2024, a total of 1,925,000 share options over ordinary shares of 1 pence each in the Company ("Share Options") have been granted to Directors of the Company and senior management across the Group.

 

The following Share Options have been granted to Directors of the Company under the Executive Share Ownership Plan:

 

Option holder

Number of
Share Options

C. Muncaster

200,000

J. Thorpe

200,000


400,000

 

There has been no other change to their beneficial holdings as a result of the grant of Share Options.

 

The Share Options represent 1.6 per cent of the shares in issue with voting rights, comprising 117,291,586 ordinary shares.

 

The Share Options issued are exercisable at a price of 375 pence each for Approved 337.5 pence for Unapproved.

 

For further information in relation to the Executive Share Option Scheme, including the performance conditions, please refer to the Company's circular dated 22 March 2024 which is available at the Company's website http://www.fwthorpe.co.uk/.

 

For further information please contact: 

 

F W Thorpe Plc

Mike Allcock - Chairman, Joint Chief Executive                                                  Tel:  01527 583200

Craig Muncaster - Joint Chief Executive, Group 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

 

Grant of 200,000 Share Options

c)

 

Price(s) and volume(s)

 

 

Price(s):

 

Volume(s):

N/A

200,000

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A

e)

 

Date of the transaction

 

30 May 2024

f)

 

Place of the transaction

 

Off-market transaction

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

James Thorpe

2

 

Reason for the notification

 

a)

 

Position/status

 

Business Development Director, Thorlux Lighting (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

 

Grant of 200,000 Share Options

c)

 

Price(s) and volume(s)

 

 

Price(s):

 

Volume(s):

N/A

200,000

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A

e)

 

Date of the transaction

 

30 May 2024

f)

 

Place of the transaction

 

Off-market transaction

 

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