TIDMTFW
RNS Number : 6559I
Thorpe(F.W.) PLC
27 November 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 that, on 23 November,
employees, including certain Directors, of the Company exercised
share options ("Share Options") over 179,839 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, 179,839 existing Ordinary Shares have been transferred out
of treasury. Subsequently, on 27 November 2018, 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 15 October
2018 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 Resultant Resultant
interest interest
in Ordinary in Ordinary
Shares Shares (%)
Share Options Ordinary
exercised Shares sold
Andrew Thorpe 40,000 Nil 27,682,700 23.84%
Mike Allcock 20,000 4,500 159,500 0.13%
Craig Muncaster 15,000 Nil 35,000 0.03%
David Taylor 40,000 8,500 116,413 0.10%
Antony Cooper 4,839 4,839 112,224 0.09%
In addition, on 27 November 2018, the Company purchased 46,000
Ordinary Shares at a price of 255 pence per Ordinary Share to be
held in 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 2,815,707 Ordinary Shares in
treasury. Therefore, the total number of voting rights in the
Company is 116,119,883. This figure of 116,119,883 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 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 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 Share Options
-------------------------- ----------------------------------
c) Price(s) and volume(s) Exercise Price(s): Volume(s):
124 pence 40,000
-------------------------- ----------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------- ----------------------------------
e) Date of the transaction 23 November 2018
-------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ----------------------------------
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 Share Options
the transaction
--------------------- --------------------------------
c) Price(s) and Exercise Volume(s):
volume(s) Price(s):
124 pence 20,000
--------------------- --------------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
--------------------- --------------------------------
e) Date of the 23 November 2018
transaction
--------------------- --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--------------------- --------------------------------
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 Sale of Ordinary Shares
the transaction
--------------------- --------------------------------
c) Price(s) and Price(s): Volume(s):
volume(s) 255 pence 4,500
--------------------- --------------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
--------------------- --------------------------------
e) Date of the 27 November 2018
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 Share Options
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Exercise Price(s): Volume(s):
124 pence 15,000
-------------------------- ---------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 23 November 2018
-------------------------- ---------------------------------------
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 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 Share Options
the transaction
--------------------- ---------------------------
c) Price(s) and Exercise Volume(s):
volume(s) Price(s):
124 pence 40,000
--------------------- ---------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
--------------------- ---------------------------
e) Date of the 23 November 2018
transaction
--------------------- ---------------------------
f) Place of the London Stock Exchange, AIM
transaction
--------------------- ---------------------------
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 Sale of Ordinary Shares
the transaction
--------------------- ---------------------------
c) Price(s) and Price(s): Volume(s):
volume(s) 255 pence 8,500
--------------------- ---------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
--------------------- ---------------------------
e) Date of the 27 November 2018
transaction
--------------------- ---------------------------
f) Place of the London Stock Exchange, AIM
transaction
--------------------- ---------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Antony Cooper
--------------------- --------------------------------
2 Reason for the notification
-------------------------------------------------------
a) Position/status Manufacturing Director, Thorlux
Lighting (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 Share Options
the transaction
--------------------- --------------------------------
c) Price(s) and Exercise Volume(s):
volume(s) Price(s):
124 pence 4,839 options
each exercised
--------------------- --------------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
--------------------- --------------------------------
e) Date of the 23 November 2018
transaction
--------------------- --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--------------------- --------------------------------
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 Sale of Ordinary Shares
the transaction
--------------------- --------------------------------
c) Price(s) and Price(s): Volume(s):
volume(s) 255 pence 4,839
--------------------- --------------------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
--------------------- --------------------------------
e) Date of the 27 November 2018
transaction
--------------------- --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--------------------- --------------------------------
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
DSHFMMZMFNMGRZM
(END) Dow Jones Newswires
November 27, 2018 08:35 ET (13:35 GMT)
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