Telecom Plus PLC Director/PDMR Shareholding (1812G)
July 22 2021 - 10:15AM
UK Regulatory
TIDMTEP
RNS Number : 1812G
Telecom Plus PLC
22 July 2021
Telecom Plus PLC (the "Company")
Notification and public disclosure by directors/persons
discharging managerial responsibilities
Telecom Plus PLC announces the grant of share options to its
executive directors under the Telecom Plus PLC 2021 Deferred Share
Bonus Plan ("DBP").
Under the terms of the DBP, the executive directors have been
granted options in respect of one third of their bonus awards for
2021, in accordance with the Directors' Remuneration Policy of the
Company as approved by shareholders at the General Meeting of the
Company on 16 December 2020. Exercise of the options will be
subject to the continued employment of each option holder over a
two-year vesting period.
The number of shares subject to each grant has been determined
by reference to the mid-market closing price of a share on the
trading day before the grant date.
In connection with the introduction of the DBP, and in order to
ensure the overall reward available to the executive directors
remains proportionate and in line with shareholder expectations of
good governance, Telecom Plus PLC confirms that 50% of the Growth
Shares previously awarded to PDMRs under the LTIP 2016 have been
bought back and cancelled for nominal value. In addition, Stuart
Burnett (COO) has surrendered 75,000 of the 100,000 share options
awarded to him on 25 July 2019.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: ANDREW LINDSAY
--------------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------
a) Position/Status: CHIEF EXECUTIVE OFFICER
--------------------------------------------- --------------------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------
a) Name: Telecom Plus PLC
--------------------------------------------- --------------------------------------------------
b) LEI: 549300QGHDX5UKE58G86
--------------------------------------------- --------------------------------------------------
4. Details of 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 Ordinary Shares of GBP0.05 each in the
financial instrument: capital of Telecom Plus PLC
Identification code: ISIN GB0008794710
--------------------------------------------- --------------------------------------------------
b) Nature of the transaction: The grant of options to acquire Ordinary
Shares at a nominal exercise price of GBP0.05
per Share
--------------------------------------------- --------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------------------------------------------- ------------------------ ------------------------
N/A 17,383
--------------------------------------------------------------------------- ------------------------
d) Aggregated price(s) Price(s) Volume(s)
and volume(s):
--------------------------------------------- ------------------------ ------------------------
N/A N/A
--------------------------------------------------------------------------- ------------------------
e) Date of the Transaction: 22 July 2021
--------------------------------------------- --------------------------------------------------
f) Place of the Transaction: Off market transaction
--------------------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: NICK SCHOENFELD
--------------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------
a) Position/Status: CHIEF FINANCIAL OFFICER
--------------------------------------------- --------------------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------
a) Name: Telecom Plus PLC
--------------------------------------------- --------------------------------------------------
b) LEI: 549300QGHDX5UKE58G86
--------------------------------------------- --------------------------------------------------
4. Details of 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 Ordinary Shares of GBP0.05 each in the
financial instrument: capital of Telecom Plus PLC
Identification code: ISIN GB0008794710
--------------------------------------------- --------------------------------------------------
b) Nature of the transaction: The grant of options to acquire Ordinary
Shares at a nominal exercise price of GBP0.05
per Share
--------------------------------------------- --------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------------------------------------------- ------------------------ ------------------------
N/A 7,822
--------------------------------------------------------------------------- ------------------------
d) Aggregated price(s) Price(s) Volume(s)
and volume(s):
--------------------------------------------- ------------------------ ------------------------
N/A N/A
--------------------------------------------------------------------------- ------------------------
e) Date of the Transaction: 22 July 2021
--------------------------------------------- --------------------------------------------------
f) Place of the Transaction: Off market transaction
--------------------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name: STUART BURNETT
--------------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------
a) Position/Status: CHIEF OPERATING OFFICER
--------------------------------------------- --------------------------------------------------
b) Initial Notification/Amendment: Initial Notification
--------------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participation,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------
a) Name: Telecom Plus PLC
--------------------------------------------- --------------------------------------------------
b) LEI: 549300QGHDX5UKE58G86
--------------------------------------------- --------------------------------------------------
4. Details of 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 Ordinary Shares of GBP0.05 each in the
financial instrument: capital of Telecom Plus PLC
Identification code: ISIN GB0008794710
--------------------------------------------- --------------------------------------------------
b) Nature of the transaction: The grant of options to acquire Ordinary
Shares at a nominal exercise price of GBP0.05
per Share
--------------------------------------------- --------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------------------------------------------- ------------------------ ------------------------
N/A 11,271
--------------------------------------------------------------------------- ------------------------
d) Aggregated price(s) Price(s) Volume(s)
and volume(s):
--------------------------------------------- ------------------------ ------------------------
N/A N/A
--------------------------------------------------------------------------- ------------------------
e) Date of the Transaction: 22 July 2021
--------------------------------------------- --------------------------------------------------
f) Place of the Transaction: Off market transaction
--------------------------------------------- --------------------------------------------------
For further information, please contact:
Telecom Plus PLC
David Baxter
Tel: (020) 8955 5000
LEI code: 549300QGHDX5UKE58G86
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END
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