Exercise of Options and Issue of Equity

Filtronic PLC

29 September 2023

 

29 September 2023

Filtronic plc
("the Company")

Exercise of Options and Issue of Equity

Filtronic plc (AIM: FTC), the designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure and space markets, announces that the Company has issued 200,000 new ordinary shares of 0.1 pence each ("Ordinary Shares") as a result of an exercise of options under the Company's Employee Share Option Plan 2010.

Application has been made for the 200,000 new Ordinary Shares to be admitted to trading on AIM. It is expected that dealings in these new Ordinary Shares will commence on 2 October 2023. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, the Company will have in issue a total of 215,321,085 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore, the number of total voting rights for the Company will be 215,321,085.

Enquiries:

Filtronic plc	Tel. [phone] or [e-mail]
Richard Gibbs (Chief Executive Officer)
Michael Tyerman (Chief Financial Officer)
Cavendish Capital Markets Limited	Tel. [phone]
Jonny Franklin-Adams/George Dollemore (Corporate Finance)
Sunila de Silva (ECM)
Walbrook PR Limited	Tel. [phone] or [e-mail]
Paul Vann	Mob. [phone]

Following an internal review of previous share admissions, it came to the Company's attention that the shares in relation to the Company's announcement on 16 August 2019, the issue of 111,304 ordinary shares (0.05% of share capital) of 0.1 pence each ("Ordinary Shares") as a result of an exercise of options under the Company's Sharesave Plan, were not admitted to trading on AIM. Submission for these Ordinary Shares to be admitted has now been completed and they will be admitted to trading on 2 October 2023 along with the exercise of the share options. These are included within the 215,321,085 Ordinary Shares in issue referred to above.

 

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