Filtronic PLC has announced the exercise of share options by its Chief Executive Officer, Richard Gibbs, and Chief Financial Officer, Michael Tyerman, along with other employees. This has resulted in the issuance of 1,333,333 new ordinary shares and the sale of 273,234 ordinary shares. Following these transactions, Mr. Gibbs' shareholding has increased to 1,076,766 ordinary shares, representing 0.50% of the issued share capital, while Mr. Tyerman's shareholding has increased to 581,601 ordinary shares, representing 0.27% of the issued share capital.
The new ordinary shares are expected to be admitted to trading on AIM, with dealings commencing on 13 February 2024. These shares will rank pari passu with the existing ordinary shares. After the admission, the company will have a total of 216,654,418 ordinary shares in issue, with no ordinary shares held in treasury, resulting in a total of 216,654,418 voting rights for the company.
The details of the PDMR dealing have been provided in accordance with the Market Abuse Regulation (EU) No 596/2014. This includes the sale of ordinary shares by Richard Gibbs and Michael Tyerman at a price of 28 pence per ordinary share on 6 February 2024, conducted on the London Stock Exchange, AIM Market.
For further details, the company has provided contact information for investor relations and the external PR firm handling the announcement.