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FW Thorpe Plc announced on 31 May 2024 that on 29 May 2024, Director Craig Muncaster exercised 20,000 share options at 124 pence per ordinary share. These options were satisfied by transferring 20,000 existing ordinary shares from the company's treasury. Following this, Craig Muncaster's resultant interest is 140,000 ordinary shares (0.12%), and the company's total voting rights are 117,291,586.
| Date | 31 May 2024 |
| Time | 10:00:00 |
| Category | Director/PDMR dealings |
| ID | 6483Q |
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 29 May certain Directors of the Company exercised share options ("Share Options") over 20,000 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 20,000 existing Ordinary Shares have been transferred out of treasury.
The Share Options were granted in 2014 under the Company's Executive Share Option Plan and became exercisable on 30 September 2020 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:
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Name of Director |
Number of |
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|
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Share Options exercised |
Ordinary Shares sold |
Resultant interest in Ordinary Shares |
Resultant interest in Ordinary Shares (%) |
|
Craig Muncaster |
20,000 |
Nil |
140,000 |
0.12% |
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 1,644,004 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 117,291,586. This figure of 117,291,586 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
Singer Capital Markets - Nominated Adviser
James Moat/Sam Butcher Tel: 020 7496 3000
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Craig Muncaster |
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2
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Reason for the notification
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a)
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Position/status
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Joint Chief Executive, Group Financial Director and Company Secretary (PDMR) |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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FW Thorpe plc |
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b)
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LEI
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2138007NXVPPRAXXHT76 |
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4
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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)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 1p each
ISIN Code: GB00BC9ZLX92
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b)
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Nature of the transaction
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Exercise of options |
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c)
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Price(s) and volume(s)
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|
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d)
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Aggregated information
- Aggregated volume
- Price
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N/A |
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e)
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Date of the transaction
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29 May 2024 |
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f)
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Place of the transaction
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London Stock Exchange, AIM |
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