REG - Thorpe(F.W.) PLC - Exercise of Options, PDMR dealing and TVR

FW ThorpeAnnouncement

27/11/2018 13:40

RNS Number : 6559I
Thorpe(F.W.) PLC
27 November 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 that, on 23 November, employees, including certain Directors, of the Company exercised share options ("Share Options") over 179,839 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 the Share Options, 179,839 existing Ordinary Shares have been transferred out of treasury. Subsequently, on 27 November 2018, certain Directors 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 15 October 2018 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


Resultant interest in Ordinary Shares


Resultant interest in Ordinary Shares (%)








Share Options exercised


Ordinary Shares sold




Andrew Thorpe


40,000


Nil


27,682,700


23.84%




Mike Allcock


20,000


4,500


159,500


0.13%




Craig Muncaster


15,000


Nil


35,000


0.03%




David Taylor


40,000


8,500


116,413


0.10%




Antony Cooper


4,839


4,839


112,224


0.09%



 
 
In addition, on 27 November 2018, the Company purchased 46,000 Ordinary Shares at a price of 255 pence per Ordinary Share to be held in 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 2,815,707 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 116,119,883.  This figure of 116,119,883 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                                                         
Richard Lindley/James Moat                                                                              Tel:  020 7496 3000
 
 
 
 
 
 



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
 


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 Share Options




c)
 


Price(s) and volume(s)
 
 





Exercise Price(s):
 


Volume(s):




124 pence


40,000




 


 








d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 


n/a




e)
 


Date of the transaction
 


23 November 2018




f)
 


Place of the transaction
 


London Stock Exchange, AIM



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 


Mike 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
 


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 Share Options




c)
 


Price(s) and volume(s)
 
 





Exercise Price(s):
 


Volume(s):




124 pence


20,000








d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 


n/a




e)
 


Date of the transaction
 


23 November 2018




f)
 


Place of the transaction
 


London Stock Exchange, AIM




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
 


Sale of Ordinary Shares




c)
 


Price(s) and volume(s)
 
 





Price(s):
 


Volume(s):




255 pence


4,500








d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 


n/a




e)
 


Date of the transaction
 


27 November 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
 


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 Share Options




c)
 


Price(s) and volume(s)
 
 





Exercise Price(s):
 


Volume(s):




124 pence


15,000








d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 


n/a




e)
 


Date of the transaction
 


23 November 2018




f)
 


Place of the transaction
 


London Stock Exchange, AIM



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 


David Taylor




2
 


Reason for the notification
 




a)
 


Position/status
 


Managing Director, Philip Payne (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 Share Options




c)
 


Price(s) and volume(s)
 
 





Exercise Price(s):
 


Volume(s):




124 pence


40,000








d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 


n/a




e)
 


Date of the transaction
 


23 November 2018




f)
 


Place of the transaction
 


London Stock Exchange, AIM




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
 


Sale of Ordinary Shares




c)
 


Price(s) and volume(s)
 
 





Price(s):
 


Volume(s):




255 pence


8,500








d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 


n/a




e)
 


Date of the transaction
 


27 November 2018




f)
 


Place of the transaction
 


London Stock Exchange, AIM



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 


Antony Cooper




2
 


Reason for the notification
 




a)
 


Position/status
 


Manufacturing Director, Thorlux Lighting (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 Share Options




c)
 


Price(s) and volume(s)
 
 





Exercise Price(s):
 


Volume(s):




124 pence each


4,839 options exercised








d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 


n/a




e)
 


Date of the transaction
 


23 November 2018




f)
 


Place of the transaction
 


London Stock Exchange, AIM




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
 


Sale of Ordinary Shares




c)
 


Price(s) and volume(s)
 
 





Price(s):
 


Volume(s):




255 pence


4,839








d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 


n/a




e)
 


Date of the transaction
 


27 November 2018




f)
 


Place of the transaction
 


London Stock Exchange, AIM



 




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