Business
Exercise of share options, treasury shares and TVR
Exercise of share options, treasury shares and TVR.
About this update from Fw Thorpe Plc
[{"type":"text","content":"\n \nRNS Number : 3710L Thorpe(F.W.) PLC 18 April 2018 \n\nFW Thorpe Plc\n(\"FW Thorpe\" or the \"Company\")\n \nExercise of Share Options, Transaction in Own Shares and Total Voting Rights\n \nFW Thorpe announces that it was notified on 18 April 2018 that on the same day the Directors listed below exercised share options (\"Share Options\") over a total of 40,000 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\nName of Director\n\n\nNumber of\nShare Options exercised\n\n\n\n\nAndrew Thorpe\n\n\n40,000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n40,000\n\n\n\n\n\n\n\n\n \n \nFollowing the exercise of the Share Options, Andrew Thorpe's notifiable interest in the Company is 27,642,700 Ordinary Shares, representing approximately 23.2% of the Company's issued Ordinary Shares.\n \nTo satisfy the exercise of the Share Options, 40,000 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 2,969,546 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 115,966,044. This figure of 115,966,044 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.\n \nFor further information, please contact:\n \nF W Thorpe Plc\nMike Allcock - Chairman and Joint Chief Executive Tel: 01527 583200\nCraig Muncaster - Joint Chief Executive and Financial Director  ...