Tangent Communications PLC Exercise of Options (2194X)

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RNS Number : 2194X

Tangent Communications PLC

26 August 2015

Tangent Communications plc ("Tangent" or the "Company")

Exercise of Options

Tangent announces that an employee of the Company exercised 100,000 options under the Tangent unapproved share option scheme. The options have an exercise price of 1 pence per share.

Application has been made for the 100,000 new Ordinary Shares to be admitted to trading on AIM and trading in such shares is expected to commence on 2 September 2015 ("Admission").On Admission, the 100,000 new ordinary shares issued will rank pari passu with the Company's existing ordinary shares of 1 pence each ("Ordinary Shares").

Following Admission, the total number of Ordinary Shares in the Company with voting rights will be 277,422,536.

Tangent Communications plc

Timothy Green - Chief Executive: 020 7462 6101

Jamie Beaumont - Chief Financial Officer: 020 7462 6101

Canaccord Genuity Limited - Nominated adviser and broker

Bruce Garrow / Emma Gabriel: 020 7523 8350

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

August 26, 2015 12:37 ET (16:37 GMT)