The People's Operator PLC Issue of Equity (3914F)
February 20 2018 - 6:05AM
UK Regulatory
TIDMTPOP
RNS Number : 3914F
The People's Operator PLC
20 February 2018
The People's Operator plc
("TPO" or the "Company")
Issue of Equity
The People's Operator (AIM: TPOP), the cause-based commercial
mobile virtual network operator, announces that it has applied to
the London Stock Exchange for 16,535,861 ordinary shares of
GBP0.0005 each in the Company ("Ordinary Shares") to be admitted to
trading on AIM ("Admission").
The Ordinary Shares are being issued as follows:
- 318,000 new Ordinary Shares are being issued to Julia Simpson,
Non-Executive Director of the Company, at a deemed price of 5 pence
per Ordinary Share in lieu of her Director's salary and fees for
the period from 22 June 2017 (the date on which her appointment was
publicly announced) to 31 December 2017;
- 15,900,000 new Ordinary Shares are being issued to Julia
Simpson, Non-Executive Director of the Company, at a deemed price
of 0.1 pence per Ordinary Share in lieu of her Director's salary
and fees for the period from 1 January 2018 to 30 June 2018;
and
- 317,861 new Ordinary Shares are being issued to an employee at
a deemed price of 9.91 pence per Ordinary Share pursuant to an
agreement dated 26 July 2016.
On Admission, Julia Simpson will be beneficially interested in
16,218,000 Ordinary Shares, representing approximately 0.53 per
cent. of the Company's enlarged issued share capital.
It is expected that Admission will become effective and trading
will commence in the new Ordinary Shares at 8.00 a.m. on 26
February 2018. Following Admission there will be 3,021,340,043
Ordinary Shares in issue. This figure may be used by shareholders
in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, the share capital of the
Company under the FCA's Disclosure and Transparency Rules.
For further information
The People's Operator plc
Nick Dashwood Brown, Head of Investor
Relations 07710 511259
finnCap Ltd 020 7220
Stuart Andrews/Simon Hicks 0500
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------------------
a) Name Julia Simpson
--- ------------------------------- ------------------------------------
2. Reason for the Notification
--- ---------------------------------------------------------------------
a) Position/status Non-Executive Director - classified
as a PDMR of the Company
--- ------------------------------- ------------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------------
a) Name The People's Operator plc
--- ------------------------------- ------------------------------------
b) LEI 213800BOVWJYMA6RBV07
--- ------------------------------- ------------------------------------
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 Ordinary shares
the Financial of GBP0.0005
instrument, type
of instrument
---
Identification GB00BSJWQH14
code
--- ------------------------------- ------------------------------------
b) Nature of the Issue of Ordinary Shares
transaction
--- ------------------------------- ------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ------------
5.0p 318,000
0.1p 15,900,000
--------- ------------
--- ------------------------------- ------------------------------------
d) Aggregated information: Issue of 318,000 ordinary
* Aggregated volume shares of GBP0.0005 at 5.0
pence per ordinary share
Issue of 15,900,000 ordinary
* Price shares of GBP0.0005 at 0.1
pence per ordinary share
--- ------------------------------- ------------------------------------
e) Date of the transaction 26 February 2018
--- ------------------------------- ------------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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