Tangent Communications PLC SIP transfer of shares and Rule 2.10 (2227Q)
February 25 2016 - 12:39PM
UK Regulatory
TIDMTNG
RNS Number : 2227Q
Tangent Communications PLC
25 February 2016
Tangent Communications plc ("Tangent" or the "Company")
Share Incentive Plan transfer of shares
and
Rule 2.10 Announcement - Relevant Securities in Issue
Tangent (AIM: TNG) announces that pursuant to the Company's
employee Share Incentive Plan ("SIP"), announced on 10 February
2014, it has today transferred 155,491 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 the above transfer, the Company continues to have
281,429,851 Ordinary Shares in issue of which 3,636,432 are now
held in treasury. The number of Ordinary Shares with voting rights
("Voting Rights") is therefore now 277,793,419.
The above figure of 277,793,419 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.
Rule 2.10 Announcement
In accordance with Rule 2.10 of the Takeover Code, Tangent
announces that at the date of this announcement it has 277,793,419
ordinary shares of 1 pence in issue and admitted to trading on AIM.
In accordance with Rule 2.10 of the Takeover Code, this number of
ordinary shares does not include the 3,636,432 which Tangent holds
in treasury. The International Securities Identification Number for
Tangent's shares is GB0005405849.
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
Stockdale Securities Limited (Rule 3 Adviser to Tangent)
Tom Griffiths / Edward Thomas - +44(0) 20 7601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
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