Grant of Options

RNS Number : 2885V

Thorpe(F.W.) PLC

24 October 2014

 



F W Thorpe Plc

("F W Thorpe" or the "Company")

Grant of Options

Following approval of the Executive Share Ownership Plan at the General Meeting held on 18 July 2014, a total of 1.7 million share options over ordinary shares of one penny each in the Company ("Share Options") have been granted to Directors of the Company and senior management. 

The following Share Options have been granted to Directors of the Company:

Option holder	Number of Share Options
A. Thorpe		200,000
M. Allcock		200,000
C. Muncaster		200,000
A. Cooper		200,000
D. Taylor		200,000
		1,000,000

The Directors do not hold any other share options in the Company and there has been no other change to their beneficial holdings as a result of the grant of Share Options.

The Share Options represent 1.5 per cent of the shares in issue with voting rights, comprising 115,675,590 ordinary shares.

The Share Options issued are exercisable at a price of 124 pence each.

For further information in relation to the Executive Share Option Scheme, including the performance conditions, please refer to the Company's circular dated 16 June 2014 which is available at the Company's website http://www.fwthorpe.co.uk/.

For further information please contact: 

F W Thorpe Plc

Andrew Thorpe - Chairman                                                                                  Tel:  [phone]

Craig Muncaster - Group Financial Director                                                           Tel:  [phone]

N+1 Singer - Nominated Adviser

Richard Lindley / James White                                                                             Tel:  [phone]

 

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