Last checked at 27 Nov 2018 13:35
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 23 November, employees, including certain Directors, of the Company exercised share options ("Share Options") over 179,839 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, 179,839 existing Ordinary Shares have been transferred out of treasury. Subsequently, on 27 November 2018, certain Directors sold Ordinary Shares to finance the associated tax liabilities arising on the exercise of those share options.
The Share Options were granted in 2014 under the Company's Executive Share Option Plan and became exercisable on 15 October 2018 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:
Name of Director | Number of | Resultant interest in Ordinary Shares | Resultant interest in Ordinary Shares (%) | |
Share Options exercised | Ordinary Shares sold | |||
Andrew Thorpe | 40,000 | Nil | 27,682,700 | 23.84% |
Mike Allcock | 20,000 | 4,500 | 159,500 | 0.13% |
Craig Muncaster | 15,000 | Nil | 35,000 | 0.03% |
David Taylor | 40,000 | 8,500 | 116,413 | 0.10% |
Antony Cooper | 4,839 | 4,839 | 112,224 | 0.09% |
In addition, on 27 November 2018, the Company purchased 46,000 Ordinary Shares at a price of 255 pence per Ordinary Share to be held in 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 2,815,707 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 116,119,883. This figure of 116,119,883 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
N+1 Singer - Nominated Adviser
Richard Lindley/James Moat Tel: 020 7496 3000
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 /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| FW 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 financial instrument, type of instrument
Identification code
| Ordinary shares of 1p each
ISIN Code: GB00BC9ZLX92
| ||||||
b)
| Nature of the transaction
| Exercise of Share Options | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
| n/a | ||||||
e)
| Date of the transaction
| 23 November 2018 | ||||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mike Allcock | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chairman, Joint Chief Executive (PDMR) | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| FW 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 financial instrument, type of instrument
Identification code
| Ordinary shares of 1p each
ISIN Code: GB00BC9ZLX92
| ||||
b)
| Nature of the transaction
| Exercise of Share Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| n/a | ||||
e)
| Date of the transaction
| 23 November 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
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 financial instrument, type of instrument
Identification code
| Ordinary shares of 1p each
ISIN Code: GB00BC9ZLX92
| ||||
b)
| Nature of the transaction
| Sale of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| n/a | ||||
e)
| Date of the transaction
| 27 November 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
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 /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| FW 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 financial instrument, type of instrument
Identification code
| Ordinary shares of 1p each
ISIN Code: GB00BC9ZLX92
| ||||
b)
| Nature of the transaction
| Exercise of Share Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| n/a | ||||
e)
| Date of the transaction
| 23 November 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
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 /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| FW 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 financial instrument, type of instrument
Identification code
| Ordinary shares of 1p each
ISIN Code: GB00BC9ZLX92
| ||||
b)
| Nature of the transaction
| Exercise of Share Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| n/a | ||||
e)
| Date of the transaction
| 23 November 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
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 financial instrument, type of instrument
Identification code
| Ordinary shares of 1p each
ISIN Code: GB00BC9ZLX92
| ||||
b)
| Nature of the transaction
| Sale of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| n/a | ||||
e)
| Date of the transaction
| 27 November 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
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 /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| FW 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 financial instrument, type of instrument
Identification code
| Ordinary shares of 1p each
ISIN Code: GB00BC9ZLX92
| ||||
b)
| Nature of the transaction
| Exercise of Share Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| n/a | ||||
e)
| Date of the transaction
| 23 November 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
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 financial instrument, type of instrument
Identification code
| Ordinary shares of 1p each
ISIN Code: GB00BC9ZLX92
| ||||
b)
| Nature of the transaction
| Sale of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| n/a | ||||
e)
| Date of the transaction
| 27 November 2018 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||