Exercise of Options, Treasury Shares and TVR

Thorpe(F.W.) PLC

01 July 2024

 

FW Thorpe Plc

("FW Thorpe" or the "Company")

Exercise of Share Options, Transaction in Own Shares and Total Voting Rights

FW Thorpe announces that it was notified that on 28 June certain employees of the Company exercised share options ("Share Options") over 30,322 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 30,322 existing Ordinary Shares have been transferred out of treasury.

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.

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 1,613,682 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 117,321,908.  This figure of 117,321,908 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                                                                                    Tel:  [phone]

Craig Muncaster - Chief Executive and Group Financial Director                         

Singer Capital Markets - Nominated Adviser                                                   

James Moat/Sam Butcher                                                                                  Tel:  [phone]

 

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