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On 28 August 2025, Filtronic plc announced the issuance of 681,600 new Ordinary Shares due to an exercise of options. Chief Financial Officer Michael Tyerman exercised options over 184,795 Ordinary Shares at 11.125 pence each and sold 92,795 Ordinary Shares at 140 pence each on 26 August 2025, increasing his beneficial holding to 490,631 Ordinary Shares, representing 0.2% of the total issued share capital. Following the admission of these new shares to AIM, expected on 3 September 2025, Filtronic plc will have 219,760,910 Ordinary Shares in issue.
| Date | 28 Aug 2025 |
| Time | 17:20:45 |
| Category | Capital structure |
| ID | 1234X |
28 August 2025
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 681,600 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 184,795 Ordinary Shares were exercised by Michael Tyerman, Chief Financial Officer of the Company, who has also sold 92,795 Ordinary Shares, increasing Mr. Tyerman's beneficial holding to 490,631 Ordinary Shares, representing 0.2 per cent. of the Company's total issued share capital.
Application has been made for the 681,600 new Ordinary Shares to be admitted to trading on AIM. It is expected that the dealings in these new Ordinary Shares will commence on 3 September 2025. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Following Admission, the Company will have in issue a total of 219,760,910 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.
Enquiries:
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Filtronic plc |
Tel. 01740 618 800 or [email protected] |
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Nat Edington (Chief Executive Officer) |
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Michael Tyerman (Chief Financial Officer) |
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Cavendish Capital Markets Limited |
Tel. 020 7220 0500 |
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Jonny Franklin-Adams/Trisyia Jamaludin/Isaac Hooper (Corporate Finance) |
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Sunila de Silva (ECM) |
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Alma Strategic Communications |
Tel. 020 3405 0205 or [email protected] |
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Caroline Forde, Hannah Campbell, Rose Docherty |
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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.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Michael Tyerman |
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2. |
Reason for the Notification |
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a) |
Position/status |
Chief Financial Officer |
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b) |
Initial notification/Amendment |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Filtronic plc |
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b) |
LEI |
213800PDQ9V2ZNCDO264 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary Shares of 0.1p each
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Identification code |
GB0003362992 |
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b) |
Nature of the transaction |
Option exercise and sell to cover
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c) |
Price(s) and volume(s) |
Options exercised: 184,795 Ordinary Shares at an exercise price of 11.125 pence each Ordinary Shares sold: 92,795 Ordinary Shares at 140 pence each
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d) |
Aggregated information: · Aggregated volume · Price |
n/a |
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e) |
Date of the transaction |
26 August 2025 |
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f) |
Place of the transaction |
Exercise: Off Market Sale: London Stock Exchange |
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