Exercise of share options, treasury shares and TVR

RNS Number : 3710L

Thorpe(F.W.) PLC

18 April 2018

 

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 on 18 April 2018 that on the same day the Directors listed below exercised share options ("Share Options") over a total of 40,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 124 pence per Ordinary Share. The Share Options were granted in 2014 under the Company's Executive Share Option Plan and became exercisable on 24 October 2017 following the satisfaction of performance conditions relating to the Company's earnings per Ordinary Share.

Name of Director	Number of Share Options exercised
Andrew Thorpe		40,000
		40,000

Following the exercise of the Share Options, Andrew Thorpe's notifiable interest in the Company is 27,642,700 Ordinary Shares, representing approximately 23.2% of the Company's issued Ordinary Shares.

To satisfy the exercise of the Share Options, 40,000 existing Ordinary Shares were transferred from treasury. 

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 2,969,546 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 115,966,044.  This figure of 115,966,044 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:

F W Thorpe Plc

Mike Allcock - Chairman and Joint Chief Executive                                               Tel:  [phone]

Craig Muncaster - Joint Chief Executive and Financial Director                             

N+1 Singer - Nominated Adviser                                                        

Richard Lindley/James White                                                                              Tel:  [phone]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Thorpe
2	Reason for the notification
a)	Position/status	Executive Director (PDMR)
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	F W 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
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	18 April 2018
f)	Place of the transaction	London Stock Exchange, AIM

 

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