Transaction in Own Shares

RNS Number : 6500T
Telecom Plus PLC
04 July 2018
 

Telecom Plus PLC

Transaction in Own Shares

 

Telecom Plus PLC (TEP.L) ("Telecom Plus" or the "Company"), which supplies a wide range of utility services to both residential and business customers, announces that it has purchased (through Peel Hunt LLP acting as the Company's broker) the following number of its shares of 5p each on the London Stock Exchange. The purchased shares will be held as treasury shares.

The purchases were made pursuant to the £4.7m buy-back programme announced on 19 June 2018.

Date of purchase:

4 July 2018

Number of shares purchased (aggregated volume):

30,874

Highest price paid per share (pence):

1,100 pence

Lowest price paid per share (pence):

1,100 pence

Volume weighted average price paid per share (pence):

1,100 pence

 

Following these transactions £2.6m of the buy-back programme remains outstanding.

Following the purchase of these shares, Telecom Plus holds 245,611 ordinary shares as treasury shares and the Company's issued share capital (excluding shares held as treasury shares) consists of 78,233,459 shares. All of the shares have equal voting rights.  This figure 78,233,459 represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), detailed information about the individual purchases made by Peel Hunt on the Company's behalf is set out in the schedule below.

For further information:

Telecom Plus PLC

Tel : +44 (0)208 955 5000

David Baxter






Peel Hunt LLP

Tel : +44 (0)207 418 8900

Dan Webster


George Sellar


 

Schedule of Purchases - Individual Transactions

Number of shares purchased

Transaction price
(pence per share)

Time of transaction

Trading venue

24874

1100 

10:01:07

LSE

6000

1100

09:53:00

LSE

 


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