Grant of Options
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FW Thorpe Plc
("FW Thorpe" or the "Company")
Grant of Options
FW Thorpe announces that following approval of the Executive Share Ownership Plan at the General Meeting held on 18 April 2024, a total of 1,925,000 share options over ordinary shares of 1 pence each in the Company ("Share Options") have been granted to Directors of the Company and senior management across the Group.
The following Share Options have been granted to Directors of the Company under the Executive Share Ownership Plan:
Option holder | Number of | |
C. Muncaster | 200,000 | |
J. Thorpe | 200,000 | |
400,000 | ||
There has been no other change to their beneficial holdings as a result of the grant of Share Options.
The Share Options represent 1.6 per cent of the shares in issue with voting rights, comprising 117,291,586 ordinary shares.
The Share Options issued are exercisable at a price of 375 pence each for Approved 337.5 pence for Unapproved.
For further information in relation to the Executive Share Option Scheme, including the performance conditions, please refer to the Company's circular dated 22 March 2024 which is available at the Company's website http://www.fwthorpe.co.uk/.
For further information please contact:
F W Thorpe Plc
Mike Allcock - Chairman, Joint Chief Executive Tel: 01527 583200
Craig Muncaster - Joint Chief Executive, Group Financial Director
Singer Capital Markets - Nominated Adviser
James Moat / Sam Butcher Tel: 020 7496 3000
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
| Grant of 200,000 Share Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||
e)
| Date of the transaction
| 30 May 2024 | ||||
f)
| Place of the transaction
| Off-market transaction |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| James Thorpe | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Business Development 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
| Grant of 200,000 Share Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | ||||
e)
| Date of the transaction
| 30 May 2024 | ||||
f)
| Place of the transaction
| Off-market transaction |
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