Thorpe(F.W.) PLC Exercise of share options, treasury shares and TVR (3710L)
April 18 2018 - 10:42AM
UK Regulatory
TIDMTFW
RNS Number : 3710L
Thorpe(F.W.) PLC
18 April 2018
FW Thorpe Plc
("FW Thorpe" or the "Company")
Exercise of Share Options, Transaction in Own Shares and Total
Voting Rights
FW Thorpe announces that it was notified on 18 April 2018 that
on the same day the Directors listed below exercised share options
("Share Options") over a total of 40,000 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
Andrew Thorpe 40,000
40,000
-----------
Following the exercise of the Share Options, Andrew Thorpe's
notifiable interest in the Company is 27,642,700 Ordinary Shares,
representing approximately 23.2% of the Company's issued Ordinary
Shares.
To satisfy the exercise of the Share Options, 40,000 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 2,969,546 Ordinary Shares in
treasury. Therefore, the total number of voting rights in the
Company is 115,966,044. This figure of 115,966,044 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 Andrew Thorpe
-------------------------- ----------------------------------
2 Reason for the notification
--------------------------------------------------------------
a) Position/status Executive Director (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 the Ordinary shares of 1p each
financial instrument, ISIN Code: GB00BC9ZLX92
type of instrument
Identification code
-------------------------- ----------------------------------
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
-------------------------- ----------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ----------------------------------
e) Date of the transaction 18 April 2018
-------------------------- ----------------------------------
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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