Exercise of Options, Director Dealing and TVR
Filtronic plc announced that Chief Executive Officer Nat Edington exercised options for 4,333,333 ordinary shares at 17.25 pence each, subsequently selling 2,100,000 shares at 250 pence each to cover costs, increasing his beneficial holding to 2,347,067 shares, representing approximately 1.05% of the company's issued share capital. Following the admission of the new shares on 27 October 2026, Filtronic's total issued share capital will be 224,276,056 ordinary shares, all carrying voting rights.
Select text to share a quote on X · sign in to keep highlights & notes in your FTC notes
Filtronic plc (AIM: FTC), the designer and manufacturer of advanced RF solutions for the space, aerospace, defence and telecoms infrastructure markets, announces that Nat Edington, Chief Executive Officer, has exercised options over 4,333,333 Ordinary Shares of 0.1 pence each ("Ordinary Shares") under the Company's ESOP scheme (the "Options").
In order to satisfy the exercise price, associated tax liabilities and costs arising from the exercise only, he has sold 2,100,000 Ordinary Shares.
The Company has submitted an application for the 4,333,333 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence on 27 October 2026. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Following the transactions, Nat Edington's beneficial holding in the Company increases to 2,347,067 Ordinary Shares, representing approximately 1.05% of the Company's issued share capital.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise 224,276,056 Ordinary Shares of 0.1 pence each, all of which carry voting rights. The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of voting rights in the Company will be 224,276,056. Shareholders may use this figure as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, Filtronic plc under the FCA's Disclosure Guidance and Transparency Rules.
| a) | Name | Nathaniel Edington | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| a) | Name | Filtronic plc | ||||
| b) | LEI | 213800PDQ9V2ZNCDO264 | ||||
| a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares of 0.1p each | ||||
| Identification code | GB0003362992 | |||||
| b) | Nature of the transaction | Exercise of Options | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Exercise price of 17.25p per share 4,333,333 | ||||
| d) | Aggregated information: · Aggregated volume · Price | See section 4c) above | ||||
| e) | Date of the transaction | 22 October 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Nathaniel Edington | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| a) | Name | Filtronic plc | ||||
| b) | LEI | 213800PDQ9V2ZNCDO264 | ||||
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 0.1p each | ||||
| Identification code | GB0003362992 | |||||
| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price | See section 4c) above | ||||
| e) | Date of the transaction | 22 October 2026 | ||||
| f) | Place of the transaction | London Stock Exchange (AIM) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.