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TFW Thorpe (f.w.) Plc

389.50
1.00 (0.26%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Thorpe (f.w.) Plc LSE:TFW London Ordinary Share GB00BC9ZLX92 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.26% 389.50 380.00 399.00 12,558 16:35:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Lighting Equipment, Nec 176.75M 21.93M 0.1844 21.07 462.06M

Thorpe(F.W.) PLC Exercise of Options, PDMR dealing and TVR (6559I)

27/11/2018 1:35pm

UK Regulatory


Thorpe (f.w.) (LSE:TFW)
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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

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November 27, 2018 08:35 ET (13:35 GMT)

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