Business
Exercise of Options & PDMR Dealing
Exercise of Options & PDMR Dealing.
About this update from Fw Thorpe Plc
[{"type":"text","content":"\n \nRNS Number : 6368U Thorpe(F.W.) PLC 25 October 2017 \n\nFW Thorpe Plc\n(\"FW Thorpe\" or the \"Company\")\n \nExercise of Share Options, PDMR Dealing, Transaction in Own Shares and Total Voting Rights\n \nFW Thorpe announces that it was notified on 24 October 2017 that on the same day the Directors listed below exercised share options (\"Share Options\") over a total of 90,000 ordinary shares of 1 pence each in the Company (\"Ordinary Shares\") at a price of 124 pence per Ordinary Share. The Share Options were granted in 2014 under the Company's Executive Share Option Plan and became exercisable on 24 October 2017 following the satisfaction of performance conditions relating to the Company's earnings per Ordinary Share.\n \n\n\n\n\nName of Director\n\n\nNumber of\nShare Options exercised\n\n\n\n\nAntony Cooper\n\n\n40,000\n\n\n\n\nDavid Taylor\n\n\n40,000\n\n\n\n\nCraig Muncaster\n\n\n10,000\n\n\n\n\n\n\n\n90,000\n\n\n\n\n\n\n\n\n\n \n \nAlso on 24 October 2017, Antony Cooper and David Taylor sold 11,839 and 11,000 Ordinary Shares, respectively to settle the associated tax liabilities, as a result of the exercise of the Share Options, at 370 pence per Ordinary Share.\n \nFollowing the exercise of the Share Options and the subsequent sale of Ordinary Shares, Antony Cooper's notifiable interest in the Company is 112,161 Ordinary Shares, representing approximately 0.09% of the Company's issued Ordinary Shares.\n \nDavid Taylor's notifiable interest in the Company is 84,913 Ordinary Shares, representing approximately 0.07% of the Company's issued Ordinary Shares.\n \nCraig Muncaster's notifiable interest in the Company is 10,000 Ordinary Shares, representing approximately 0.01% of the Company's issued Ordinary Shares.\n \nTo satisfy the exercise of the Share Options for Directors and senior management, 200,000 existing Ordinary Shares were transferred from treasury. \n \nTotal voting rights\n \nThe 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 3,060,000 Ordinary Shares in treasury. Therefore the total number of voting rights in the Company is 115,875,590. This figure of 115,875,590 may be used by the Company's shareholders as the denominator for the...