Thorpe(F.W.) PLC Director/PDMR Shareholding and TVR (3583I)

TIDMTFW

RNS Number : 3583I

Thorpe(F.W.) PLC

21 March 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 on 20 March 2018 that on the same day the Directors listed below exercised share options ("Share Options") over a total of 50,000 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 
Mike Allcock                40,000 
Craig Muncaster             10,000 
                            50,000 
                    -------------- 
 
 

Also on 20 March 2018, Mike Allcock sold 10,000 Ordinary Shares to settle the associated tax liabilities, as a result of the exercise of the Share Options, at 315 pence per Ordinary Share.

Following the exercise of the Share Options and the subsequent sale of Ordinary Shares, Mike Allcock's notifiable interest in the Company is 144,000 Ordinary Shares, representing approximately 0.12% of the Company's issued Ordinary Shares.

Craig Muncaster's notifiable interest in the Company is 20,000 Ordinary Shares, representing approximately 0.02% of the Company's issued Ordinary Shares.

To satisfy the exercise of the Share Options, 50,000 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 3,010,000 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 115,925,590. This figure of 115,925,590 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: [phone]

Craig Muncaster - Joint Chief Executive and Financial Director

N+1 Singer - Nominated Adviser

Richard Lindley/James White Tel: [phone]

 
 1    Details of the person discharging 
       managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                      Michael 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                      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            Ordinary shares of 1p each 
       the financial             ISIN Code: GB00BC9ZLX92 
       instrument, type 
       of instrument 
       Identification 
       code 
---  ------------------------  -------------------------------- 
 b)   Nature of the             Exercise of options and 
       transaction               sale of ordinary shares 
---  ------------------------  -------------------------------- 
 c)   Price(s) and               Price(s):   Volume(s): 
       volume(s)                  124 pence   40,000 options 
                                   each        exercised 
                                  315 pence   10,000 ordinary 
                                   each        shares sold 
---  ------------------------  -------------------------------- 
 d)   Aggregated information    N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  -------------------------------- 
 e)   Date of the transaction   20 March 2018 
---  ------------------------  -------------------------------- 
 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                      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            Ordinary shares of 1p each 
       the financial             ISIN Code: GB00BC9ZLX92 
       instrument, type 
       of instrument 
       Identification 
       code 
---  ------------------------  -------------------------------- 
 b)   Nature of the             Exercise of options 
       transaction 
---  ------------------------  -------------------------------- 
 c)   Price(s) and               Price(s):   Volume(s): 
       volume(s)                  124 pence   10,000 options 
                                   each        exercised 
---  ------------------------  -------------------------------- 
 d)   Aggregated information    N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  -------------------------------- 
 e)   Date of the transaction   20 March 2018 
---  ------------------------  -------------------------------- 
 f)   Place of the              London Stock Exchange, AIM 
       transaction 
---  ------------------------  -------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 21, 2018 03:01 ET (07:01 GMT)