Information  X 
Enter a valid email address

Manx Telecom PLC (MANX)

  Print      Mail a friend

Friday 03 May, 2019

Manx Telecom PLC

Vesting of LTIP awards

RNS Number : 0557Y
Manx Telecom PLC
03 May 2019
 

 

3 May 2019

Manx Telecom PLC

Vesting of LTIP awards

Manx Telecom plc (the "Company") announces that it has issued 778,012 new ordinary shares of 0.2p each in the Company ("New Ordinary Shares"). The New Ordinary Shares have been allotted pursuant to vesting of awards under the Manx Long Term Incentive Plan and the exercise of options under the Manx SAYE Scheme and Manx Shadow SAYE Scheme. 

Scheme

New Ordinary Shares

Manx SAYE Scheme 2016

258,876

Manx SAYE Scheme 2018

212,294

Manx Shadow SAYE Scheme 2016

2,668

Manx Shadow SAYE Scheme 2018

3,939

Manx Long Term Incentive Plan

300,235

Total

778,012

 

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission").  It is expected that Admission will occur at 8:00 a.m. on 7 May 2019. The Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

Following Admission, the Company's enlarged issued share capital and total number of voting rights will be 115,872,475 Ordinary Shares.

Capitalised terms in this announcement, unless otherwise defined, have the meaning given to them in the Scheme Document posted to shareholders on 29 March 2019.

The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Mr Gary Edward Lamb

 

b)

Position / status

Chief Executive Officer

c)

Initial notification / amendment

Initial Notification

2.

Details of the issuer

a)

Name

Manx Telecom plc

b)

LEI

213800I23N5C6YOJ9888

3.

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

Ordinary Shares of 0.2p

 

b)

Nature of the transaction

Exercise of share options

c)

Price(s) and volume(s)


d)

Aggregated information

Aggregated volume

Price

 

 183,763 Ordinary Shares of 0.2p

 Nil consideration

e)

Date of the transaction

3 May 2019

f)

Place of the transaction

Outside a trading venue

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
DSHUGUQCAUPBGUW

a d v e r t i s e m e n t