REG - Thorpe(F.W.) PLC - Director/PDMR Shareholding and TVR

FW ThorpeAnnouncement

21/03/2018 07:05

RNS Number : 3583I
Thorpe(F.W.) PLC
21 March 2018
 

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 on 20 March 2018 that on the same day the Directors listed below exercised share options ("Share Options") over a total of 50,000 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




Mike Allcock


40,000




Craig Muncaster


10,000








50,000









 
 
Also on 20 March 2018, Mike Allcock sold 10,000 Ordinary Shares to settle the associated tax liabilities, as a result of the exercise of the Share Options, at 315 pence per Ordinary Share.
 
Following the exercise of the Share Options and the subsequent sale of Ordinary Shares, Mike Allcock's notifiable interest in the Company is 144,000 Ordinary Shares, representing approximately 0.12% of the Company's issued Ordinary Shares.
 
Craig Muncaster's notifiable interest in the Company is 20,000 Ordinary Shares, representing approximately 0.02% of the Company's issued Ordinary Shares.
 
To satisfy the exercise of the Share Options, 50,000 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 3,010,000 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 115,925,590.  This figure of 115,925,590 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:  01527 583200
Craig Muncaster - Joint Chief Executive and Financial Director                             
 
N+1 Singer - Nominated Adviser                                                        
Richard Lindley/James White                                                                              Tel:  020 7496 3000
 
 
 
 
 
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 


Michael 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
 


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




315 pence each


10,000 ordinary shares sold









d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 


N/A




e)
 


Date of the transaction
 


20 March 2018




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
 


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




c)
 


Price(s) and volume(s)
 
 






Price(s):
 


Volume(s):




124 pence each


10,000 options exercised









d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 


N/A




e)
 


Date of the transaction
 


20 March 2018




f)
 


Place of the transaction
 


London Stock Exchange, AIM




 
 
 



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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