Telecom Plus PLC Director/PDMR Shareholding (7440I)

TIDMTEP

RNS Number : 7440I

Telecom Plus PLC

23 March 2018

Telecom Plus PLC (the "Company")

Notification and public disclosure by directors/persons discharging managerial responsibilities and persons closely associated with them

Charles Wigoder, Chairman of the Company, has notified the Company that he has today deposited a further 350,000 of his shares in the Company into a collateral account at Barclays Bank Plc ("Barclays") as partial security for an increase to an existing loan facility. Under the terms of his agreement with Barclays, title to the 350,000 shares can be transferred, sold or otherwise dealt with by them following an event of default under the security agreement.

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------- 
 a)   Name:                              Charles Wigoder 
---  ---------------------------------  -------------------------- 
 2    Reason for the 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:                              Telecom Plus PLC 
---  ---------------------------------  -------------------------- 
 b)   LEI:                               549300QGHDX5UKE58G86 
---  ---------------------------------  -------------------------- 
 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       Ordinary Shares 
       instrument, type of instrument:    of GBP0.05 each 
       Identification code:               GB0008794710 
---  ---------------------------------  -------------------------- 
 b)   Nature of the transaction:         Moving a further 
                                          350,000 ordinary 
                                          shares into a collateral 
                                          account with Barclays, 
                                          to act as partial 
                                          security for an 
                                          enhanced loan facility 
---  ---------------------------------  -------------------------- 
 c)   Price(s) and volume(s):              Price(s)    Volume(s) 
                                           ----------  ---------- 
                                            N/A         350,000 
                                           ----------  ---------- 
---  ---------------------------------  -------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume:            350,000 
                                           N/A 
 
        *    Price: 
---  ---------------------------------  -------------------------- 
 e)   Date of the transaction:           23 March 2018 
---  ---------------------------------  -------------------------- 
 f)   Place of the transaction:          Outside trading 
                                          venue 
---  ---------------------------------  -------------------------- 
 

For further information, please contact:

Telecom Plus PLC

David Baxter

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFKNDQCBKKANB

(END) Dow Jones Newswires

March 23, 2018 05:47 ET (09:47 GMT)