Exercise of Options, PDMR dealing and TVR

RNS Number : 7711B

Thorpe(F.W.) PLC

12 October 2020

 

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 9 October employees, including certain Directors, of the Company exercised share options ("Share Options") over 208,839 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 208,839 existing Ordinary Shares have been transferred out of treasury. Subsequently, on 9 October, 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	4,000	191,500	0.16%
Craig Muncaster	15,000	Nil	65,000	0.05%
David Taylor	40,000	26,000	146,896	0.12%
Antony Cooper	13,839	13,839	112,224	0.09%

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 2,396,254 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 116,539,336.  This figure of 116,539,336 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 

N+1 Singer - Nominated Adviser 

Steve Pearce/James Moat    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 286 pence each 4,000 ordinary shares sold
d)	Aggregated information - Aggregated volume - Price	Sale of 4,000 ordinary shares at 286 pence per share
e)	Date of the transaction	9 October 2020
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 15,000 options exercised
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	9 October 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Taylor
2	Reason for the notification
a)	Position/status	Managing Director, Philip Payne (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 40,000 options exercised 286 pence each 26,000 ordinary shares sold
d)	Aggregated information - Aggregated volume - Price	Sale of 26,000 ordinary shares at 286 pence per share
e)	Date of the transaction	9 October 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Antony Cooper
2	Reason for the notification
a)	Position/status	Director, Thorlux Lighting (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 13,839 options exercised 286 pence each 13,839 ordinary shares sold
d)	Aggregated information - Aggregated volume - Price	Sale of 13,839 ordinary shares at 286 pence per share
e)	Date of the transaction	9 October 2020
f)	Place of the transaction	London Stock Exchange, AIM

 

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