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Thorpe(F.W.) PLC (TFW)

Thorpe(F.W.) PLC

Exercise of Options & PDMR Dealing
RNS Number : 6368U
Thorpe(F.W.) PLC
25 October 2017
 

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 24 October 2017 that on the same day the Directors listed below exercised share options ("Share Options") over a total of 90,000 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

Antony Cooper

40,000

David Taylor

40,000

Craig Muncaster

10,000


90,000

 

 

Also on 24 October 2017, Antony Cooper and David Taylor sold 11,839 and 11,000 Ordinary Shares, respectively to settle the associated tax liabilities, as a result of the exercise of the Share Options, at 370 pence per Ordinary Share.

 

Following the exercise of the Share Options and the subsequent sale of Ordinary Shares, Antony Cooper's notifiable interest in the Company is 112,161 Ordinary Shares, representing approximately 0.09% of the Company's issued Ordinary Shares.

 

David Taylor's notifiable interest in the Company is 84,913 Ordinary Shares, representing approximately 0.07% of the Company's issued Ordinary Shares.

 

Craig Muncaster's notifiable interest in the Company is 10,000 Ordinary Shares, representing approximately 0.01% of the Company's issued Ordinary Shares.

 

To satisfy the exercise of the Share Options for Directors and senior management, 200,000 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 3,060,000 Ordinary Shares in treasury. Therefore the total number of voting rights in the Company is 115,875,590.  This figure of 115,875,590 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

 

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

 

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

370 pence each

11,839 ordinary shares sold

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Sale of 11,839 ordinary shares at 370 pence per share

e)

 

Date of the transaction

 

24 October 2017

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

 

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

370 pence each

11,000 ordinary shares sold

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Sale of 11,000 ordinary shares at 370 pence per share

e)

 

Date of the transaction

 

24 October 2017

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

 

24 October 2017

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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Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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