REG - Filtronic PLC - Exercise of Options, Director Dealing and TVR
08/02/2024 18:00
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RNS Number : 5580C Filtronic PLC 08 February 2024
08 February 2024
Filtronic plc
("Filtronic")
Exercise of Options, Director Dealing and Total Voting Rights
Filtronic plc (AIM: FTC), the designer and manufacturer of products for the
aerospace, defence, space and telecoms infrastructure markets, announces that
the Company has issued and allotted 1,333,333 new ordinary shares of 0.1 pence
each ("Ordinary Shares") following the exercise of share options by Richard
Gibbs, Chief Executive Officer, Michael Tyerman, Chief Financial Officer of
the Company, and employees, respectively of 750,000, 300,000 and 283,333
Ordinary Shares.
In order to cover the respective exercise prices, Mr Gibbs has sold 215,357
Ordinary Shares and Mr Tyerman has sold 57,877 Ordinary Shares, each at a
price of 28 pence per Ordinary Share.
Following the exercise of options, the issue of the 1,333,333 new Ordinary
Shares and sale of 273,234 Ordinary Shares, the relevant directors'
shareholdings are as follows:
· Mr. Gibbs' shareholding has increased from 600,000 to 1,076,766
Ordinary Shares of 0.1 pence each, representing 0.50 per cent. of the issued
share capital of the Company; and
· Mr. Tyerman's shareholding has increased from 339,478 to 581,601
Ordinary Shares of 0.1 pence each, representing 0.27 per cent. of the issued
share capital of the Company.
Application has been made for the 1,333,333 new Ordinary Shares to be admitted
to trading on AIM. It is expected that dealings in these new Ordinary Shares
will commence at 8.00 a.m. on 13 February 2024. The new Ordinary Shares will
rank pari passu with the existing Ordinary Shares.
Following Admission, the Company will have in issue a total of 216,654,418
Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.
Therefore, the number of total voting rights for the Company will be
216,654,418.
Enquiries:
Filtronic plc Tel. 01740 618800 or investor.relations@filtronic.com
(mailto:investor.relations@filtronic.com)
Richard Gibbs (Chief Executive Officer)
Michael Tyerman (Chief Financial Officer)
Cavendish Capital Markets Limited Tel. 020 7220 0500
Jonny Franklin-Adams/George Dollemore (Corporate Finance)
Sunila de Silva (ECM)
Walbrook PR Limited Tel. 020 7933 8780 or filtronic@walbrookpr.com
(mailto:filtronic@walbrookpr.com)
Paul Vann Mob. 07768 807 631
Joe Walker
Further details of the PDMR dealing are included below. This information has
been provided in accordance with Article 5(1)(b) of the Market Abuse
Regulation (EU) No 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Richard Gibbs
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 Sale of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
28 pence 215,357
d) Aggregated information:
· Aggregated volume 215,357 Ordinary Shares sold at a price of 28 pence per Ordinary Share
· Price
e) Date of the transaction 06 February 2024
f) Place of the transaction London Stock Exchange, AIM Market
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
Sale of Ordinary Shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
28 pence 215,357
d)
Aggregated information:
· Aggregated volume
· Price
215,357 Ordinary Shares sold at a price of 28 pence per Ordinary Share
e)
Date of the transaction
06 February 2024
f)
Place of the transaction
London Stock Exchange, AIM Market
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 Sale of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
28 pence 57,877
d) Aggregated information:
· Aggregated volume 57,877 Ordinary Shares sold at a price of 28 pence per Ordinary Share
· Price
e) Date of the transaction 06 February 2024
f) Place of the transaction London Stock Exchange, AIM Market
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
Sale of Ordinary Shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
28 pence 57,877
d)
Aggregated information:
· Aggregated volume
· Price
57,877 Ordinary Shares sold at a price of 28 pence per Ordinary Share
e)
Date of the transaction
06 February 2024
f)
Place of the transaction
London Stock Exchange, AIM Market
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