Thorpe(F.W.) PLC Exercise of Options & PDMR Dealing (6368U)
October 25 2017 - 11:20AM
UK Regulatory
TIDMTFW
RNS Number : 6368U
Thorpe(F.W.) PLC
25 October 2017
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 on 24 October 2017 that
on the same day the Directors listed below exercised share options
("Share Options") over a total of 90,000 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
Antony Cooper 40,000
David Taylor 40,000
Craig Muncaster 10,000
90,000
--------------
Also on 24 October 2017, Antony Cooper and David Taylor sold
11,839 and 11,000 Ordinary Shares, respectively to settle the
associated tax liabilities, as a result of the exercise of the
Share Options, at 370 pence per Ordinary Share.
Following the exercise of the Share Options and the subsequent
sale of Ordinary Shares, Antony Cooper's notifiable interest in the
Company is 112,161 Ordinary Shares, representing approximately
0.09% of the Company's issued Ordinary Shares.
David Taylor's notifiable interest in the Company is 84,913
Ordinary Shares, representing approximately 0.07% of the Company's
issued Ordinary Shares.
Craig Muncaster's notifiable interest in the Company is 10,000
Ordinary Shares, representing approximately 0.01% of the Company's
issued Ordinary Shares.
To satisfy the exercise of the Share Options for Directors and
senior management, 200,000 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 3,060,000 Ordinary Shares in
treasury. Therefore the total number of voting rights in the
Company is 115,875,590. This figure of 115,875,590 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: 01527
583200
Craig Muncaster - Joint Chief Executive and Financial
Director
N+1 Singer - Nominated Adviser
Richard Lindley/James White Tel: 020 7496 3000
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 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 Ordinary shares of 1p each
the financial ISIN Code: GB00BC9ZLX92
instrument, type
of instrument
Identification
code
--- ------------------------ ------------------------------
b) Nature of the Exercise of options and
transaction sale of ordinary shares
--- ------------------------ ------------------------------
c) Price(s) and Price(s): Volume(s):
volume(s) 124 pence 40,000 options
each exercised
370 pence 11,839 ordinary
each shares sold
--- ------------------------ ------------------------------
d) Aggregated information Sale of 11,839 ordinary
- Aggregated shares at 370 pence per
volume share
- Price
--- ------------------------ ------------------------------
e) Date of the transaction 24 October 2017
--- ------------------------ ------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--- ------------------------ ------------------------------
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 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 Ordinary shares of 1p each
the financial ISIN Code: GB00BC9ZLX92
instrument, type
of instrument
Identification
code
--- ------------------------ ------------------------------
b) Nature of the Exercise of options and
transaction sale of ordinary shares
--- ------------------------ ------------------------------
c) Price(s) and Price(s): Volume(s):
volume(s) 124 pence 40,000 options
each exercised
370 pence 11,000 ordinary
each shares sold
--- ------------------------ ------------------------------
d) Aggregated information Sale of 11,000 ordinary
- Aggregated shares at 370 pence per
volume share
- Price
--- ------------------------ ------------------------------
e) Date of the transaction 24 October 2017
--- ------------------------ ------------------------------
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 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 Ordinary shares of 1p each
the financial ISIN Code: GB00BC9ZLX92
instrument, type
of instrument
Identification
code
--- ------------------------ --------------------------------
b) Nature of the Exercise of options
transaction
--- ------------------------ --------------------------------
c) Price(s) and Price(s): Volume(s):
volume(s) 124 pence 10,000 options
each exercised
--- ------------------------ --------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ------------------------ --------------------------------
e) Date of the transaction 24 October 2017
--- ------------------------ --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--- ------------------------ --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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