Exercise of Options, Treasury Shares and TVR

RNS Number : 6253W
Thorpe(F.W.) PLC
18 April 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 17 April 2023, 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 17 April 2023, certain Directors sold Ordinary Shares to finance the associated tax liabilities arising from 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

6,150

221,350

0.19%

Craig Muncaster

20,000

Nil

100,000

0.08%

 

 

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 1,704,004 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 117,231,586.  This figure of 117,231,586 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:  01527 583200

Craig Muncaster - Joint 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

 

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

350 pence each

6,150 ordinary shares sold

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Sale of 6,150 Ordinary Shares at 350 pence per share

e)

 

Date of the transaction

 

17 April 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

 

17 April 2023

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCIPMTTMTBBBAJ
UK 100

Latest directors dealings