Exercise of Options, Treasury Shares and TVR

Thorpe(F.W.) PLC

11 December 2023

 

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 7 December certain Directors, of the Company exercised share options ("Share Options") over 40,000 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 40,000 existing Ordinary Shares have been transferred out of treasury. Subsequently, on 7 December, certain Directors sold Ordinary Shares to finance the associated tax liabilities arising on the exercise of those Share Options.

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 (%)
Mike Allcock	20,000	5,900	235,450	0.20%
Craig Muncaster	20,000	Nil	120,000	0.10%

Total voting rights

The issued share capital of the Company comprises 118,935,590 Ordinary Shares.  Following the exercise of the Share Options referred to above, the Company holds 1,664,004 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 117,271,586.  This figure of 117,271,586 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 - Chairman and Joint Chief Executive                                             Tel:  [phone]

Craig Muncaster - Joint Chief Executive and Financial Director                           

Singer Capital Markets - Nominated Adviser                                                   

James Moat/Sam Butcher                                                                                  Tel:  [phone]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Allcock
2	Reason for the notification
a)	Position/status	Chairman, Joint Chief Executive (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 and sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s): Volume(s): 124 pence each 20,000 options exercised 322 pence each 5,900 ordinary shares sold
d)	Aggregated information - Aggregated volume - Price	Sale of 5,900 ordinary shares at 322 pence per share
e)	Date of the transaction	7 December 2023
f)	Place of the transaction	London Stock Exchange, AIM

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	7 December 2023
f)	Place of the transaction	London Stock Exchange, AIM

 

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