Thorpe(F.W.) PLC Exercise of Options, Treasury Shares and TVR (6253W)
April 18 2023 - 8:17AM
UK Regulatory
TIDMTFW
RNS Number : 6253W
Thorpe(F.W.) PLC
18 April 2023
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 17 April 2023,
certain Directors of the Company exercised share options ("Share
Options") over 40,000 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 40,000 existing
Ordinary Shares have been transferred out of treasury.
Subsequently, on 17 April 2023, certain Directors sold Ordinary
Shares to finance the associated tax liabilities arising from 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 6,150 221,350 0.19%
Craig Muncaster 20,000 Nil 100,000 0.08%
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 1,704,004 Ordinary Shares in
treasury. Therefore, the total number of voting rights in the
Company is 117,231,586. This figure of 117,231,586 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
James Moat/Sam Butcher Tel: 020 7496 3000
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mike Allcock
--------------------- -----------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Chairman, Joint Chief Executive (PDMR)
--------------------- -----------------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------- -----------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name FW Thorpe plc
--------------------- -----------------------------------------------------
b) LEI 2138007NXVPPRAXXHT76
--------------------- -----------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 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
instrument,
type of instrument ISIN Code: GB00BC9ZLX92
Identification
code
--------------------- -----------------------------------------------------
b) Nature of Exercise of options and sale of Ordinary Shares
the transaction
--------------------- -----------------------------------------------------
c) Price(s) and Price(s): Volume(s):
volume(s) 124 pence each 20,000 options
exercised
350 pence each 6,150 ordinary
shares sold
--------------------- -----------------------------------------------------
d) Aggregated Sale of 6,150 Ordinary Shares at 350 pence per share
information
- Aggregated
volume
- Price
--------------------- -----------------------------------------------------
e) Date of the 17 April 2023
transaction
--------------------- -----------------------------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--------------------- -----------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Craig Muncaster
--------------------- ------------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/status Joint Chief Executive, Group Financial Director
and Company Secretary (PDMR)
--------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name FW Thorpe plc
--------------------- ------------------------------------------------
b) LEI 2138007NXVPPRAXXHT76
--------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 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
instrument,
type of instrument ISIN Code: GB00BC9ZLX92
Identification
code
--------------------- ------------------------------------------------
b) Nature of Exercise of options
the transaction
--------------------- ------------------------------------------------
c) Price(s) and Price(s): Volume(s):
volume(s) 124 pence each 20,000 options
exercised
--------------------- ------------------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--------------------- ------------------------------------------------
e) Date of the 17 April 2023
transaction
--------------------- ------------------------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--------------------- ------------------------------------------------
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END
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April 18, 2023 08:17 ET (12:17 GMT)
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