RNS Number : 7577C
Filtronic PLC
03 September 2024
 

 

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 investor.relations@filtronic.com

Nat Edington (Chief Executive Officer)           

 

Michael Tyerman (Chief Financial Officer)

 


 

Cavendish Capital Markets Limited

Tel. 020 7220 0500

Jonny Franklin-Adams/Trisyia Jamaludin (Corporate Finance)

Sunila de Silva (ECM)


 

 

Walbrook PR Limited

Tel. 020 7933 8780 or filtronic@walbrookpr.com

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

Initial notification

 

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

 

Identification code

GB0003362992

b)

Nature of the transaction

Option exercise and sell to cover

 

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

 

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

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHUPUBPBUPCGCW