Manx Telecom PLC Vesting of LTIP awards (2023P)

TIDMMANX

RNS Number : 2023P

Manx Telecom PLC

24 May 2018

Manx Telecom PLC

Vesting of LTIP awards

Manx Telecom plc (the "Company") announces that it has issued 128,170 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 a number of individuals under the Company's "2015 Long Term Investment Plan" following achievement of the performance conditions set on award of the options on 11 May 2015.

Application has been made to the London Stock Exchange for 128,170 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8:00 a.m. on 30 May 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 115,009,234 Ordinary Shares. Following the Admission, Gary Lamb's interest in the Company is 569,679 ordinary shares representing approximately 0.50% 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 /             Chief Executive Officer 
       status 
===  =====================  ================================== 
 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            Ordinary Shares of 0.2p 
       of the financial 
       instrument 
===  =====================  ================================== 
 b)   Nature of              Exercise of share options 
       the transaction 
===  =====================  ================================== 
 c)   Price(s) and           Price(s)    Volume(s) 
       volume(s)             ----------  ---------- 
                              Nil         52,853 
                             ----------  ---------- 
===  =====================  ================================== 
 d)    Aggregated 
        information 
 
        Aggregated              52,853 Ordinary Shares of 0.2p 
        volume 
                                Nil consideration 
        Aggregated 
        price 
===  =====================  ================================== 
 e)   Date of the            23 May 2018 
       transaction 
===  =====================  ================================== 
 f)   Place of the          Outside a trading venue 
       transaction 
===  =====================  ==================================

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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