08 February 2024

Filtronic plc

("Filtronic")

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 and allotted 1,333,333 new ordinary shares of 0.1 pence each ("Ordinary Shares") following the exercise of share options by Richard Gibbs, Chief Executive Officer, Michael Tyerman, Chief Financial Officer of the Company, and employees, respectively of 750,000, 300,000 and 283,333 Ordinary Shares.

In order to cover the respective exercise prices, Mr Gibbs has sold 215,357 Ordinary Shares and Mr Tyerman has sold 57,877 Ordinary Shares, each at a price of 28 pence per Ordinary Share.

Following the exercise of options, the issue of the 1,333,333 new Ordinary Shares and sale of 273,234 Ordinary Shares, the relevant directors' shareholdings are as follows:

·      Mr. Gibbs' shareholding has increased from 600,000 to 1,076,766 Ordinary Shares of 0.1 pence each, representing 0.50 per cent. of the issued share capital of the Company; and

·      Mr. Tyerman's shareholding has increased from 339,478 to 581,601 Ordinary Shares of 0.1 pence each, representing 0.27 per cent. of the issued share capital of the Company.

Application has been made for the 1,333,333 new Ordinary Shares to be admitted to trading on AIM. It is expected that dealings in these new Ordinary Shares will commence at 8.00 a.m. on 13 February 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 216,654,418 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore, the number of total voting rights for the Company will be 216,654,418.

Enquiries:

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.