Thorpe(F.W.) PLC Exercise of Options, Treasury Shares and TVR (3423W)

TIDMTFW

RNS Number : 3423W

Thorpe(F.W.) PLC

11 December 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 7 December 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 7 December, 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          5,900        235,450          0.20% 
 Craig Muncaster            20,000            Nil        120,000          0.10% 
 

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 1,664,004 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 117,271,586. This figure of 117,271,586 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: [phone]

Craig Muncaster - Joint Chief Executive and Financial Director

Singer Capital Markets - Nominated Adviser

James Moat/Sam Butcher Tel: [phone]

 
      Details of the person discharging managerial 
  1    responsibilities / 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 
  3    market participant, auction platform, 
       auctioneer or auction monitor 
     --------------------------------------------------------- 
 a)   Name                   FW Thorpe plc 
     ---------------------  ---------------------------------- 
 b)   LEI                    2138007NXVPPRAXXHT76 
     ---------------------  ---------------------------------- 
      Details of the transaction(s): section 
  4    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 
       instrument, 
       type of instrument     ISIN Code: GB00BC9ZLX92 
 
       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 
                               322 pence each   5,900 ordinary 
                                                 shares sold 
     ---------------------  ---------------------------------- 
 d)   Aggregated             Sale of 5,900 ordinary shares 
       information            at 322 pence per share 
 
       - Aggregated 
       volume 
 
       - Price 
     ---------------------  ---------------------------------- 
 e)   Date of the            7 December 2023 
       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, 
       type of instrument 
                                   ISIN Code: GB00BC9ZLX92 
       Identification code 
     --------------------------  --------------------------------------- 
 b)   Nature of the transaction   Exercise of options 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)       Price(s):        Volume(s): 
                                    124 pence each   20,000 options 
                                                      exercised 
     --------------------------  --------------------------------------- 
 d)   Aggregated information      N/A 
 
       - Aggregated volume 
 
       - Price 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     7 December 2023 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
     --------------------------  --------------------------------------- 
 

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December 11, 2023 05:00 ET (10:00 GMT)