Exercise of Options, Director Dealing and TVR
Berliner Synchron AG
n/a
10:20 20/12/24
3 September 2024
Filtronic plc
(the "Company")
Exercise of Options, Director Dealing and Total Voting Rights
Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets, announces that the Company has issued 277,665 new Ordinary Shares 0.1 pence each ("Ordinary Shares") as a result of an exercise of options under the Company's ESOP scheme (the "Options").
Of this total exercise, Options over 110,397 Ordinary Shares were exercised by Michael Tyerman, Chief Financial Officer of the Company, who has also sold 15,625 Ordinary Shares in order to cover the exercise price of the option exercise, increasing Mr. Tyerman's beneficial holding to 734,663 Ordinary Shares, representing 0.3 per cent. of the Company's total issued share capital.
Application has been made for the 277,665 new Ordinary Shares to be admitted to trading on AIM. It is expected that the dealings in these new Ordinary Shares will commence on 9 September 2024. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Following Admission, the Company will have in issue a total of 218,877,042 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.
Enquiries:
Filtronic plc | Tel. 01740 618 800 or [email protected] |
Nat Edington (Chief Executive Officer) |
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Michael Tyerman (Chief Financial Officer) |
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Cavendish Capital Markets Limited | Tel. 020 7220 0500 |
Jonny Franklin-Adams/Trisyia Jamaludin (Corporate Finance) | |
Sunila de Silva (ECM) | |
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Walbrook PR Limited | Tel. 020 7933 8780 or [email protected] |
Nick Rome/Joseph Walker | |
Further details of the PDMR dealing are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Michael Tyerman | |
2. | Reason for the Notification | ||
a) | Position/status | Chief Financial Officer | |
b) | Initial notification/Amendment |
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Filtronic plc | |
b) | LEI | 213800PDQ9V2ZNCDO264 | |
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 |
Ordinary Shares of 0.1p each
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Identification code | GB0003362992 | ||
b) | Nature of the transaction | Option exercise and sell to cover
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c) | Price(s) and volume(s) | Options exercised: 110,397 Ordinary Shares at an exercise price of 11.125 pence each Ordinary Shares sold: 15,625 Ordinary Shares at 79 pence each
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d) | Aggregated information: · Aggregated volume · Price |
n/a | |
e) | Date of the transaction | 2 September 2024 | |
f) | Place of the transaction | Exercise: Off Market Sale: London Stock Exchange | |
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