Grant of Options

Filtronic PLC

13 October 2026

 

Filtronic plc

("Filtronic" or the “Company”)

13 October 2026

Grant of Options

Filtronic plc (AIM: FTC), the designer and manufacturer of advanced RF solutions for the space, aerospace, defence and telecoms infrastructure markets, announces that on 12 October 2026, the Board, following recommendation from the Remuneration Committee, granted new share options (“the Options”) to the following directors and persons discharging managerial responsibility under the existing Filtronic plc Employee Share Option Plan 2020 (“the ESOP”).

The vesting of these Options is based on achieving certain performance criteria based on share price growth on the third anniversary of the grant (the “Vesting Date”) taking the thirty-day average from the date immediately prior to the grant and the thirty-day average from the date immediately prior to the Vesting Date. The Options will fully vest if the thirty-day average share price from the date immediately prior to the grant, exceeds total shareholder return targets. The exercise price for the Options is 83.46 pence per share.

The Options lapse on the tenth anniversary of the date of grant and no option can be exercised before the third anniversary of the date of the grant.

Director/PDMR	Position	Options prior to Grant	Number of Share Options	Resultant ESOP holdings
Nat Edington	Chief Executive Officer	4,333,333	160,000	4,493,333
Michael Tyerman	Chief Financial Officer	1,370,012	100,000	1,470,012
Sarah Shaw	General Counsel and Company Secretary	200,000	70,000	270,000

Enquiries:

Filtronic plc	Tel. [phone] or [e-mail]
Nat Edington (Chief Executive Officer)
Michael Tyerman (Chief Financial Officer)
Cavendish (Nomad and Joint broker)	Tel. [phone]
Jonny Franklin-Adams, Isaac Hooper, Callum Davidson (Corporate Finance)
Sunila de Silva (Corporate Broking)
Berenberg (Joint broker) Tom Ballard, Harry Nicholas, Mark Whitmore, Brooke Harris-Lowing	Tel. [phone]
Alma Strategic Communications Caroline Forde, Hannah Campbell, Rose Docherty	Tel. [phone] or [e-mail]

About Filtronic:

Filtronic is a leading designer and manufacturer of advanced high-frequency solutions that enable the next generation of space, defence and telecommunications networks. Combining proprietary technology, deep engineering expertise and advanced manufacturing capabilities, the company develops mission-critical products that deliver exceptional performance in the world's most demanding operating environments.

Founded in 1977, Filtronic has been at the forefront of RF innovation, developing core intellectual property and transforming it into highly engineered solutions that power advanced communications, connectivity and sensing applications. Its technologies support critical satellite infrastructure, defence platforms and high-capacity communications networks, helping customers solve increasingly complex engineering challenges.

Trusted by many of the world's leading space, defence and telecommunications organisations, Filtronic works from concept development through to full-scale manufacturing, combining specialist engineering capability with precision production to deliver high-performance products at volume. The company's vertically integrated model, investment in next-generation technologies and long-standing customer relationships position it as a strategic partner in markets benefiting from long-term structural growth.

With manufacturing operations and engineering centres of excellence in the UK and a global customer base, Filtronic is helping shape the future of secure, resilient and high-capacity communications on Earth and in space.

Headquartered in Sedgefield, UK, Filtronic is listed on AIM, the London Stock Exchange's market for growth companies (AIM: FTC).

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nathaniel Edington
2.	Reason for the Notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Filtronic plc
b)	LEI	213800PDQ9V2ZNCDO264
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	Ordinary Shares of 0.1p each
	Identification code	GB0003362992
b)	Nature of the transaction	Grant of Share Options under the Employee Share Option Plan
c)	Price(s) and volume(s)	160,000 Ordinary Shares at an exercise price of 83.46 pence each
d)	Aggregated information: ·      Aggregated volume ·      Price	n/a – single transaction
e)	Date of the transaction	12 October 2026
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Tyerman
2.	Reason for the Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Filtronic plc
b)	LEI	213800PDQ9V2ZNCDO264
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	Ordinary Shares of 0.1p each
	Identification code	GB0003362992
b)	Nature of the transaction	Grant of Share Options under the Employee Share Option Plan
c)	Price(s) and volume(s)	100,000 Ordinary Shares at an exercise price of 83.46 pence each
d)	Aggregated information: ·      Aggregated volume ·      Price	n/a
e)	Date of the transaction	12 October 2026
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarah Shaw
2.	Reason for the Notification
a)	Position/status	PDMR
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Filtronic plc
b)	LEI	213800PDQ9V2ZNCDO264
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	Ordinary Shares of 0.1p each
	Identification code	GB0003362992
b)	Nature of the transaction	Grant of Share Options under the Employee Share Option Plan
c)	Price(s) and volume(s)	70,000 Ordinary Shares at an exercise price of 83.46 pence each
d)	Aggregated information: ·      Aggregated volume ·      Price	n/a
e)	Date of the transaction	12 October 2026
f)	Place of the transaction	Outside a trading venue

 

END