Manx Telecom PLC Vesting of LTIP awards (2908T)

TIDMMANX

RNS Number : 2908T

Manx Telecom PLC

02 July 2018

2 July 2018

Manx Telecom PLC

Vesting of LTIP awards

Manx Telecom plc (the "Company") announces that it has issued 31,167 new ordinary shares of 0.2p each in the Company ("New Ordinary Shares"). The New Ordinary Shares have been allotted pursuant to exercise of share options awarded to individuals under the Company's "2015 Long Term Investment Plan" following achievement of the performance conditions set on award of the options on 28 January 2016.

Application has been made to the London Stock Exchange for 31,167 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8:00 a.m. on 6 July 2018. 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 115,081,606 Ordinary Shares. Following the Admission, Gary Lamb's interest in the Company is 616,329 ordinary shares representing approximately 0.54% of the Company's issued share capital.

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                  Initial Notification 
        / amendment 
====  ====================================  ================================== 
 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                         Ordinary Shares of 0.2p 
        the financial 
        instrument 
====  ====================================  ================================== 
 b)    Nature of the                         Exercise of share options 
        transaction 
====  ====================================  ================================== 
 c)    Price(s) and                           Price(s)           Volume(s) 
        volume(s) 
====  ====================================  =================  =============== 
    Nil                                                          31,167 
  ===========================================================  =============== 
 d)    Aggregated information 
====  ======================================================================== 
  Aggregated volume                     31,167 Ordinary Shares of 0.2p 
   Price                                 Nil consideration 
 ====================================  ======================================= 
 e)    Date of the transaction               2 July 2018 
====  ====================================  ================================== 
 f)    Place of the                           Outside a trading venue 
        transaction 
      ====================================  ================================== 
 

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July 02, 2018 09:19 ET (13:19 GMT)