24 Oct 2014 16:05
F W Thorpe Plc
("F W Thorpe" or the "Company")
Grant of Options
Following approval of the Executive Share Ownership Plan at the General Meeting held on 18 July 2014, a total of 1.7 million share options over ordinary shares of one penny each in the Company ("Share Options") have been granted to Directors of the Company and senior management.
The following Share Options have been granted to Directors of the Company:
Option holder | Number ofShare Options | |
A. Thorpe | 200,000 | |
M. Allcock | 200,000 | |
C. Muncaster | 200,000 | |
A. Cooper | 200,000 | |
D. Taylor | 200,000 | |
1,000,000 | ||
The Directors do not hold any other share options in the Company and there has been no other change to their beneficial holdings as a result of the grant of Share Options.
The Share Options represent 1.5 per cent of the shares in issue with voting rights, comprising 115,675,590 ordinary shares.
The Share Options issued are exercisable at a price of 124 pence each.
For further information in relation to the Executive Share Option Scheme, including the performance conditions, please refer to the Company's circular dated 16 June 2014 which is available at the Company's website http://www.fwthorpe.co.uk/.
For further information please contact:
F W Thorpe Plc
Andrew Thorpe - Chairman Tel: 01527 583200
Craig Muncaster - Group Financial Director Tel: 01527 583200
N+1 Singer - Nominated Adviser
Richard Lindley / James White Tel: 020 7496 3000
Thorpe (TFW)