Tangent Communications PLC Transaction in Own Shares (0775N)

TIDMTNG

RNS Number : 0775N

Tangent Communications PLC

26 January 2016

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

Transaction in Own Shares

Tangent (AIM: TNG) announces that pursuant to the Company's employee Share Incentive Plan ("SIP"), announced on 10 February 2014, it has today transferred 153,077 ordinary shares of 1 pence each ("Ordinary Shares") out of treasury to satisfy the monthly Matching Shares for participants in the SIP.

The SIP, which became effective from 1 March 2014, is an all-employee trust arrangement approved by UK HM Revenue and Customs under which employees are able to buy ordinary shares in Tangent ("Partnership Shares") using monthly deductions from salary and to receive allocations of free matching Tangent shares on a one-for-one basis ("Matching Shares").

Following above transfer, the Company continues to have 281,429,851 Ordinary Shares in issue of which 3,791,923 are now held in treasury. The number of Ordinary Shares with voting rights ("Voting Rights") is therefore now 277,637,928.

The above figure of 277,637,928 Voting Rights may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company, under the Disclosure and Transparency Rules.

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

END

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(END) Dow Jones Newswires

January 26, 2016 12:13 ET (17:13 GMT)

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