Manx Telecom PLC Exercise of Options (6106Z)

TIDMMANX

RNS Number : 6106Z

Manx Telecom PLC

16 March 2017

16 March 2017

Manx Telecom PLC

Exercise of Options

Manx Telecom plc (the "Company") announces that it has issued 849,201 new ordinary shares of 0.2p each in the Company ("New Ordinary Shares"). The New Ordinary Shares have been allotted pursuant to the exercise of share options awarded to a number of individuals under the Company's "2014 Co-Investment Plan" following achievement of the performance conditions set when the Company was listed on AIM on 10 February 2014 .

Application has been made to the London Stock Exchange for the 849,201 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8:00 a.m. on 21 March 2017. 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 113,825,772 Ordinary Shares.

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of PDMR / person closely associated 
       with them ('PCA') 
===  ==================================================== 
 a)   Name                   Gary Edward Lamb 
===  =====================  ============================= 
 b)   Position /             Chief Executive Officer 
       status 
===  =====================  ============================= 
 c)   Initial notification   Initial Notification 
       / amendment 
===  =====================  ============================= 
 2.   Details of the issuer 
===  ==================================================== 
 a)   Name                   Manx Telecom plc 
===  =====================  ============================= 
 b)   LEI                    213800X95NVTAAWYB404 
===  =====================  ============================= 
 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            Ordinary Shares of 0.2p each 
       of the financial       ISIN : IM00BHY3RF70 
       instrument 
===  =====================  ============================= 
 b)   Nature of              Exercise of share options 
       the transaction 
===  =====================  ============================= 
 c)   Price(s) and          Price(s)  Volume(s) 
       volume(s)             ========  ========= 
                             0         280,691 
                             ========  ========= 
===  =====================  ============================= 
 d)   Aggregated             n/a single transaction 
       information 
       Aggregated 
       volume Price 
===  =====================  ============================= 
 e)   Date of the            16 March 2017 
       transaction 
===  =====================  ============================= 
 f)   Place of the           Outside trading venue 
       transaction 
===  =====================  ============================= 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 16, 2017 03:01 ET (07:01 GMT)