Thorpe(F.W.) PLC Exercise of share options, treasury shares and TVR (3710L)

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RNS Number : 3710L

Thorpe(F.W.) PLC

18 April 2018

FW Thorpe Plc

("FW Thorpe" or the "Company")

Exercise of Share Options, Transaction in Own Shares and Total Voting Rights

FW Thorpe announces that it was notified on 18 April 2018 that on the same day the Directors listed below exercised share options ("Share Options") over a total of 40,000 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 
Andrew Thorpe                                                   40,000 
 
                                                                40,000 
                                                           ----------- 
 
 

Following the exercise of the Share Options, Andrew Thorpe's notifiable interest in the Company is 27,642,700 Ordinary Shares, representing approximately 23.2% of the Company's issued Ordinary Shares.

To satisfy the exercise of the Share Options, 40,000 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 2,969,546 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 115,966,044. This figure of 115,966,044 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                        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                        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 the          Ordinary shares of 1p each 
       financial instrument,       ISIN Code: GB00BC9ZLX92 
       type of instrument 
       Identification code 
     --------------------------  ---------------------------------- 
 b)   Nature of the transaction   Exercise of options and sale of 
                                   ordinary shares 
     --------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)       Price(s):        Volume(s): 
                                    124 pence each   40,000 options 
                                                      exercised 
     --------------------------  ---------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  ---------------------------------- 
 e)   Date of the transaction     18 April 2018 
     --------------------------  ---------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
     --------------------------  ---------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 18, 2018 10:42 ET (14:42 GMT)