TFW Thorpe (f.w.) Plc

TIDMTFW

RNS Number : 4839V

Thorpe(F.W.) PLC

14 April 2021

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 12 April 2021 Antony Cooper, non-executive Director, exercised share options ("Share Options") over 96,483 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 these Share Options 96,483 existing Ordinary Shares have been transferred out of treasury. Subsequently, on 12 April 2021, Antony Cooper 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 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:

 
 Name of Director             Number of 
                     Share Options   Ordinary       Resultant      Resultant 
                      exercised       Shares sold    interest       interest 
                                                     in Ordinary    in Ordinary 
                                                     Shares         Shares (%) 
 Antony Cooper              96,483         30,000        178,707          0.15% 
 

In addition, FW Thorpe announces that it was notified on 12 April 2021 that, under the Save As You Earn Scheme, an employee exercised Share Options over a total of 7,751 Ordinary Shares.

To satisfy the exercise of these Share Options, 7,751 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 2,279,548 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 116,656,042. This figure of 116,656,042 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

Steve Pearce/James Moat 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        Director, FW Thorpe plc (PDMR) 
     ---------------------  ----------------------------------- 
 b)   Initial notification   Initial Notification 
       /Amendment 
     ---------------------  ----------------------------------- 
 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            Ordinary shares of 1p each 
       of the financial       ISIN Code: GB00BC9ZLX92 
       instrument, 
       type of instrument 
       Identification 
       code 
     ---------------------  ----------------------------------- 
 b)   Nature of              Exercise of options and sale 
       the transaction        of ordinary shares 
     ---------------------  ----------------------------------- 
 c)   Price(s) and            Price(s):        Volume(s): 
       volume(s)               124 pence each   96,483 options 
                                                 exercised 
                               340 pence each   30,000 ordinary 
                                                 shares sold 
     ---------------------  ----------------------------------- 
 d)   Aggregated             Sale of 30,000 ordinary shares 
       information            at 340 pence per share 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------------- 
 e)   Date of the            12 April 2021 
       transaction 
     ---------------------  ----------------------------------- 
 f)   Place of the           London Stock Exchange, AIM 
       transaction 
     ---------------------  ----------------------------------- 
 

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April 14, 2021 09:02 ET (13:02 GMT)

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