Thorpe(F.W.) PLC Exercise of Options, Treasury Shares and TVR (2396R)

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RNS Number : 2396R

Thorpe(F.W.) PLC

04 July 2022

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 01 July 2022 Andrew Thorpe, non-executive Director, exercised share options ("Share Options") over 80,000 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 these Share Options 80,000 existing Ordinary Shares have been transferred out of treasury.

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.

Following this transaction, Andrew Thorpe's interest in the Company is 25,892,700 Ordinary Shares, representing approximately 22.1% of the Company's issued Ordinary Shares.

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 1,744,004 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 117,191,586. This figure of 117,191,586 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

Steve Pearce/James Moat Tel: [phone]

 
      Details of the person discharging managerial 
  1    responsibilities / person closely associated 
 a)   Name                   Andrew Thorpe 
     ---------------------  ---------------------------------- 
      Reason for the notification 
  2 
     --------------------------------------------------------- 
 a)   Position/status        Director, FW Thorpe plc (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 
       the transaction 
     ---------------------  ---------------------------------- 
 c)   Price(s) and            Price(s):        Volume(s): 
       volume(s)               124 pence each   80,000 options 
                                                 exercised 
     ---------------------  ---------------------------------- 
 d)   Aggregated 
       information 
 
       - Aggregated 
       volume 
 
       - Price 
     ---------------------  ---------------------------------- 
 e)   Date of the            01 July 2022 
       transaction 
     ---------------------  ---------------------------------- 
 f)   Place of the           Off market 
       transaction 
     ---------------------  ---------------------------------- 
 

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July 04, 2022 09:08 ET (13:08 GMT)