Thorpe(F.W.) PLC Director/PDMR Shareholding and TVR (3583I)
March 21 2018 - 3:01AM
UK Regulatory
TIDMTFW
RNS Number : 3583I
Thorpe(F.W.) PLC
21 March 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 on 20 March 2018 that
on the same day the Directors listed below exercised share options
("Share Options") over a total of 50,000 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
Mike Allcock 40,000
Craig Muncaster 10,000
50,000
--------------
Also on 20 March 2018, Mike Allcock sold 10,000 Ordinary Shares
to settle the associated tax liabilities, as a result of the
exercise of the Share Options, at 315 pence per Ordinary Share.
Following the exercise of the Share Options and the subsequent
sale of Ordinary Shares, Mike Allcock's notifiable interest in the
Company is 144,000 Ordinary Shares, representing approximately
0.12% of the Company's issued Ordinary Shares.
Craig Muncaster's notifiable interest in the Company is 20,000
Ordinary Shares, representing approximately 0.02% of the Company's
issued Ordinary Shares.
To satisfy the exercise of the Share Options, 50,000 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 3,010,000 Ordinary Shares in
treasury. Therefore, the total number of voting rights in the
Company is 115,925,590. This figure of 115,925,590 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 Michael 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 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 Ordinary shares of 1p each
the financial ISIN Code: GB00BC9ZLX92
instrument, type
of instrument
Identification
code
--- ------------------------ --------------------------------
b) Nature of the Exercise of options and
transaction sale of ordinary shares
--- ------------------------ --------------------------------
c) Price(s) and Price(s): Volume(s):
volume(s) 124 pence 40,000 options
each exercised
315 pence 10,000 ordinary
each shares sold
--- ------------------------ --------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ------------------------ --------------------------------
e) Date of the transaction 20 March 2018
--- ------------------------ --------------------------------
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 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 Ordinary shares of 1p each
the financial ISIN Code: GB00BC9ZLX92
instrument, type
of instrument
Identification
code
--- ------------------------ --------------------------------
b) Nature of the Exercise of options
transaction
--- ------------------------ --------------------------------
c) Price(s) and Price(s): Volume(s):
volume(s) 124 pence 10,000 options
each exercised
--- ------------------------ --------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ------------------------ --------------------------------
e) Date of the transaction 20 March 2018
--- ------------------------ --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--- ------------------------ --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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