Filtronic PLC Exercise of Options, Director Dealing and TVR

RNS Number : 7577C

Filtronic PLC

03 September 2024

 

 

3 September 2024

Filtronic plc

(the "Company")

 

Exercise of Options, Director Dealing and Total Voting Rights

 

Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets, announces that the Company has issued 277,665 new Ordinary Shares 0.1 pence each ("Ordinary Shares") as a result of an exercise of options under the Company's ESOP scheme (the "Options").

 

Of this total exercise, Options over 110,397 Ordinary Shares were exercised by Michael Tyerman, Chief Financial Officer of the Company, who has also sold 15,625 Ordinary Shares in order to cover the exercise price of the option exercise, increasing Mr. Tyerman's beneficial holding to 734,663 Ordinary Shares, representing 0.3 per cent. of the Company's total issued share capital.

 

Application has been made for the 277,665 new Ordinary Shares to be admitted to trading on AIM. It is expected that the dealings in these new Ordinary Shares will commence on 9 September 2024. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

 

Following Admission, the Company will have in issue a total of 218,877,042 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.

 

 

Enquiries:

Filtronic plc	Tel. [phone] or [e-mail]
Nat Edington (Chief Executive Officer)
Michael Tyerman (Chief Financial Officer)
Cavendish Capital Markets Limited	Tel. [phone]
Jonny Franklin-Adams/Trisyia Jamaludin (Corporate Finance)
Sunila de Silva (ECM)
Walbrook PR Limited	Tel. [phone] or [e-mail]
Nick Rome/Joseph Walker

 

 

Further details of the PDMR dealing are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Tyerman
2.	Reason for the Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Filtronic plc
b)	LEI	213800PDQ9V2ZNCDO264
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 Financial instrument, type of instrument	Ordinary Shares of 0.1p each
	Identification code	GB0003362992
b)	Nature of the transaction	Option exercise and sell to cover
c)	Price(s) and volume(s)	Options exercised: 110,397 Ordinary Shares at an exercise price of 11.125 pence each Ordinary Shares sold: 15,625 Ordinary Shares at 79 pence each
d)	Aggregated information: ·      Aggregated volume ·      Price	n/a
e)	Date of the transaction	2 September 2024
f)	Place of the transaction	Exercise: Off Market Sale: London Stock Exchange

 

 

 

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