REG - Filtronic PLC - Exercise of Options, Director Dealing and TVR

FiltronicAnnouncement

03/09/2024 15:45

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RNS Number : 7577C  Filtronic PLC  03 September 2024

 

3 September 2024

Filtronic plc

(the "Company")

 

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 277,665 new Ordinary Shares 0.1 pence each
("Ordinary Shares") as a result of an exercise of options under the Company's
ESOP scheme (the "Options").

 

Of this total exercise, Options over 110,397 Ordinary Shares were exercised by
Michael Tyerman, Chief Financial Officer of the Company, who has also sold
15,625 Ordinary Shares in order to cover the exercise price of the option
exercise, increasing Mr. Tyerman's beneficial holding to 734,663 Ordinary
Shares, representing 0.3 per cent. of the Company's total issued share
capital.

 

Application has been made for the 277,665 new Ordinary Shares to be admitted
to trading on AIM. It is expected that the dealings in these new Ordinary
Shares will commence on 9 September 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 218,877,042
Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.

 

 

Enquiries:

 Filtronic plc                                                 Tel. 01740 618 800 or investor.relations@filtronic.com
                                                               (mailto:investor.relations@filtronic.com)
 Nat Edington (Chief Executive Officer)
 Michael Tyerman (Chief Financial Officer)

 Cavendish Capital Markets Limited                             Tel. 020 7220 0500
 Jonny Franklin-Adams/Trisyia Jamaludin (Corporate Finance)
 Sunila de Silva (ECM)

 Walbrook PR Limited                                           Tel. 020 7933 8780 or filtronic@walbrookpr.com
                                                               (mailto:filtronic@walbrookpr.com)
 Nick Rome/Joseph 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                                                         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                                    Option exercise and sell to cover

 c)                                Price(s) and volume(s)                                       Options exercised: 110,397 Ordinary Shares at an exercise price of 11.125
                                                                                                pence each

                                                                                                Ordinary Shares sold: 15,625 Ordinary Shares at 79 pence each

 d)                                Aggregated information:

                                   ·      Aggregated volume                                     n/a

                                   ·      Price
 e)                                Date of the transaction                                      2 September 2024
 f)                                Place of the transaction                                     Exercise: Off Market

                                                                                                Sale: London Stock Exchange

 

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

Option exercise and sell to cover

 

c)

Price(s) and volume(s)

Options exercised: 110,397 Ordinary Shares at an exercise price of 11.125
pence each

Ordinary Shares sold: 15,625 Ordinary Shares at 79 pence each

 

d)

Aggregated information:

·      Aggregated volume

·      Price

 

n/a

e)

Date of the transaction

2 September 2024

f)

Place of the transaction

Exercise: Off Market

Sale: London Stock Exchange

 

 

 

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