Thorpe(F.W.) PLC Exercise of Options, Treasury Shares, TVR & PDRM (9646E)
16 Marzo 2022 - 10:53AM
UK Regulatory
TIDMTFW
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 Ordinary Resultant Resultant
exercised Shares sold interest interest
in Ordinary in Ordinary
Shares 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 Initial Notification
/Amendment
--------------------- ----------------------------------
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 Ordinary shares of 1p each
of the financial ISIN Code: GB00BC9ZLX92
instrument,
type of instrument
Identification
code
--------------------- ----------------------------------
b) Nature of Exercise of options and sale
the transaction of ordinary shares
--------------------- ----------------------------------
c) Price(s) and Price(s): Volume(s):
volume(s) 124 pence each 20,000 options
exercised
420 pence each 4,000 ordinary
shares sold
--------------------- ----------------------------------
d) Aggregated Sale of 4,000 ordinary shares
information at 420 pence per share
- Aggregated
volume
- Price
--------------------- ----------------------------------
e) Date of the 15 March 2022
transaction
--------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--------------------- ----------------------------------
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 Initial Notification
/Amendment
-------------------------- ---------------------------------------
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 Ordinary shares of 1p each
financial instrument, ISIN Code: GB00BC9ZLX92
type of instrument
Identification code
-------------------------- ---------------------------------------
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
-------------------------- ---------------------------------------
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END
MSCFIFEAVFIRLIF
(END) Dow Jones Newswires
March 16, 2022 05:53 ET (09:53 GMT)
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