REG - Thorpe(F.W.) PLC - Exercise of Options, Treasury Shares, TVR & PDRM

FW ThorpeAnnouncement

16/03/2022 10:00

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RNS Number : 9646E  Thorpe(F.W.) PLC  16 March 2022

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 15 March certain Directors of
the Company exercised share options ("Share Options") over 35,000 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
35,000 existing Ordinary Shares have been transferred out of treasury.
Subsequently, on 15 March, 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 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 (%)
 Mike Allcock      20,000                   4,000                 207,500                                0.17%
 Craig Muncaster   15,000                   Nil                   80,000                                 0.07%

 

 

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 1,826,157 Ordinary Shares in treasury. Therefore, the total
number of voting rights in the Company is 117,109,433.  This figure of
117,109,433 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

 

Singer Capital Markets - Nominated
Adviser

Steve Pearce/James
Moat
Tel:  020 7496 3000

 

 

 

 

 

 

 

 

 

 

 

 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  Ordinary shares of 1p each

      Identification code

                                                                   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  20,000 options exercised
                                                                   420 pence each  4,000 ordinary shares sold
 d)   Aggregated information                                       Sale of 4,000 ordinary shares at 420 pence per share

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      15 March 2022

 f)   Place of the transaction                                     London Stock Exchange, AIM

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Sale of 4,000 ordinary shares at 420 pence per share

e)

 

Date of the transaction

 

15 March 2022

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  Ordinary shares of 1p each

      Identification code

                                                                   ISIN Code: GB00BC9ZLX92

 b)   Nature of the transaction                                    Exercise of options

 c)   Price(s) and volume(s)                                       Price(s):       Volume(s):

                                                            124 pence each  15,000 options exercised

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      15 March 2022

 f)   Place of the transaction                                     London Stock Exchange, AIM

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A

e)

 

Date of the transaction

 

15 March 2022

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

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