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Toople PLC (TOOP)

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Wednesday 19 February, 2020

Toople PLC

Director/PDMR Shareholding

RNS Number : 4951D
Toople PLC
19 February 2020
 

 

Toople PLC

("Toople" or the "Company")

 

Director/PDMR Dealing

 

The Board of Toople, a provider of bespoke telecom services to UK SMEs, announces that it has received the following notification that Richard Horsman, Chairman of the Company, sold 41,666,680 ordinary shares of 0.0667p each ("Ordinary Shares") at a price of 0.95 pence and bought, into his wife's ISA, 21,000,000 Ordinary Shares at a price of 0.951 pence per Ordinary Share and, into his personal ISA, 20,666,680 Ordinary Shares at a price of 0.951 pence per Ordinary Share (the "Transfer").

Following the Transfer, Mr Horsman's beneficial interest in the Company remains the same at 70,166,680 Ordinary Shares representing approximately 1.99 per cent. of the Company's issued share capital.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

-ends-

 

For further information please visit www.Toople.com or contact:

Toople PLC

Andy Hollingworth, Chief Executive Officer

Kevin Lawrence, Chief Financial Officer

 

Tel: 0800 0499 499

Cairn Financial Advisers LLP

Sandy Jamieson/Tony Rawlinson/Ludovico Lazzaretti

Tel: 020 7213 0880

Novum Securities Limited

David Coffman

Tel: 020 7399 9400

Turner Pope Investments Limited

Andy Thacker / Zoe Alexander

Tel: 020 3657 0050

Belvedere Communications

John West / Llew Angus

Tel: 020 3687 2754

 

Notes to editors:

Toople PLC, a company incorporated in the UK provides a range of telecoms services primarily targeted at the UK SME market. Services offered by the Group include business broadband, fibre, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and Traditional Services (calls and lines) all of which are delivered and managed through Merlin, the Group's proprietary software platform.

The Group is differentiated by its focus on creating small business connectivity solutions, with robust and reliable packages that will enhance our customer's companies. In addition, our vision is based on trust and transparency, with no hidden fees within our pricing policy providing customers with a clear understanding of cost.

Toople Plc has a strong and highly experienced Board and management team who are focused on growing the business both organically and by identifying earnings enhancing strategic acquisition opportunities.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Richard Horsman

2

Reason for notification


a.

Position/Status

Chairman

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Toople Plc

b.

LEI

213800P3DSCKSEHPU161

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

Identification Code


Ordinary Shares of 0.0667p each

 

ISIN: GB00BZ8TP087

b.

Nature of the transaction

 Transfer to ISA

c.

Price(s) and volume(s)







Price(s) per share

Volume(s)


0.95p

41,666,680



0.951p

41,666,680


 

 

d.

Aggregated information

 

- Aggregated Volume

 

- Price

 

 

41,666,680 ordinary shares of 0.0667 pence (sold) at 0.95 pence per ordinary share

 

41,666,680 ordinary shares of 0.0667 pence (bought) at 0.951 pence per ordinary share

 

 

e.

Date of the transaction

19 February 2020

f.

Place of the transaction

London Stock Exchange - Standard Listing

 


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.
 
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