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Thorpe(F.W.) PLC (TFW)

Thorpe(F.W.) PLC

Exercise of Options, PDMR dealing and TVR
RNS Number : 8945R
Thorpe(F.W.) PLC
01 November 2019
 

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 30 October employees, including certain Directors, of the Company exercised share options ("Share Options") over 169,839 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 169,839 existing Ordinary Shares have been transferred out of treasury. Subsequently, on 30 October, 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 18 October 2019 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

175,500

0.15%

Craig Muncaster

15,000

Nil

50,000

0.04%

David Taylor

40,000

23,517

132,896

0.11%

Antony Cooper

4,839

4,839

112,224

0.09%

 

 

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 2,605,093 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 116,330,497.  This figure of 116,330,497 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

 

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 options and sale of ordinary shares

c)

 

Price(s) and volume(s)

 

 

Price(s):

 

Volume(s):

124 pence each

20,000 options exercised

260 pence each

4,000 ordinary shares sold

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Sale of 4,000 ordinary shares at 260 pence per share

e)

 

Date of the transaction

 

30 October 2019

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 options

c)

 

Price(s) and volume(s)

 

 

Price(s):

 

Volume(s):

124 pence each

15,000 options exercised

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A

e)

 

Date of the transaction

 

30 October 2019

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 options and sale of ordinary shares

c)

 

Price(s) and volume(s)

 

 

Price(s):

 

Volume(s):

124 pence each

40,000 options exercised

260 pence each

23,517 ordinary shares sold

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Sale of 23,517 ordinary shares at 260 pence per share

e)

 

Date of the transaction

 

30 October 2019

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

 

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 options and sale of ordinary shares

c)

 

Price(s) and volume(s)

 

 

Price(s):

 

Volume(s):

124 pence each

4,839 options exercised

260 pence each

4,839 ordinary shares sold

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Sale of 4,839 ordinary shares at 260 pence per share

e)

 

Date of the transaction

 

30 October 2019

f)

 

Place of the transaction

 

London Stock Exchange, AIM

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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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