Manx Telecom PLC Vesting of LTIP awards (0557Y)

TIDMMANX

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         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 
       volume(s) 
===  ===========================  ====================================== 
 d)   Aggregated information 
       Aggregated volume              183,763 Ordinary Shares of 0.2p 
       Price                          Nil consideration 
===  ===========================  ====================================== 
 e)   Date of the transaction      3 May 2019 
===  ===========================  ====================================== 
 f)   Place of the                 Outside a trading venue 
       transaction 
     ===========================  ====================================== 
 

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May 03, 2019 06:48 ET (10:48 GMT)