Exercise of Options, PDMR dealing and TVR

FW Thorpe

14/04/2021 14:02

RNS Number : 4839V

Thorpe(F.W.) PLC

14 April 2021

 

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 12 April 2021 Antony Cooper, non-executive Director, exercised share options ("Share Options") over 96,483 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 these Share Options 96,483 existing Ordinary Shares have been transferred out of treasury. Subsequently, on 12 April 2021, Antony Cooper 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 (%)
Antony Cooper
96,483
30,000
178,707
0.15%

 

In addition, FW Thorpe announces that it was notified on 12 April 2021 that, under the Save As You Earn Scheme, an employee exercised Share Options over a total of 7,751 Ordinary Shares.

 

To satisfy the exercise of these Share Options, 7,751 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 2,279,548 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 116,656,042. This figure of 116,656,042 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:  01527 583200

Craig Muncaster - Joint Chief Executive and Financial Director                                

 

N+1 Singer - Nominated Adviser                                                                   

Steve Pearce/James Moat                                                                                                  Tel:  020 7496 3000

 

 

 

 

 

 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Antony Cooper
2
Reason for the notification
a)
Position/status
Director, FW Thorpe plc (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
96,483 options exercised
340 pence each
30,000 ordinary shares sold
d)
Aggregated information
- Aggregated volume
- Price
Sale of 30,000 ordinary shares at 340 pence per share
e)
Date of the transaction
12 April 2021
f)
Place of the transaction
London Stock Exchange, AIM

 

 

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