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 Incentive Plan ("TPIP").
Under the terms of the TPIP, the executive directors have been granted options in respect of 70% of their TPIP awards for 2024, in accordance with the Directors' Remuneration Policy of the Company. The options will be subject to a two-year vesting period, and thereafter subject to a further two-year post-vesting holding period.
The number of shares subject to each grant has been determined by reference to the average mid-market closing price of a share during the period to which the award relates being the financial year ended 31 March 2024.
| 1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
| a) | Name: | ANDREW LINDSAY
| |
| 2 | Reason for the notification
| ||
| a) | Position/Status:
| CO-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 financial instrument: Identification code: | Ordinary Shares of £0.05 each in the capital of Telecom Plus PLC ISIN GB0008794710 | |
| b) | Nature of the transaction:
| The grant of options to acquire Ordinary Shares at a nominal exercise price of £0.05 per Share | |
| c) | Price(s) and volume(s): | Price(s)
| Volume(s) |
| N/A
| 84,455 | ||
| d) | Aggregated price(s) and volume(s): | Price(s)
| Volume(s) |
| N/A
| N/A | ||
| e) | Date of the Transaction:
| 19 July 2024
| |
| f) | Place of the Transaction: | Off market transaction
| |
|
| Details of the person discharging managerial responsibilities/person closely associated
| ||
| a) | Name: | STUART BURNETT
| |
| 2 | Reason for the notification
| ||
| a) | Position/Status:
| CO-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 financial instrument: Identification code: | Ordinary Shares of £0.05 each in the capital of Telecom Plus PLC ISIN GB0008794710 | |
| b) | Nature of the transaction:
| The grant of options to acquire Ordinary Shares at a nominal exercise price of £0.05 per Share | |
| c) | Price(s) and volume(s): | Price(s)
| Volume(s) |
| N/A
| 84,455 | ||
| d) | Aggregated price(s) and volume(s): | Price(s)
| Volume(s) |
| N/A
| N/A | ||
| e) | Date of the Transaction:
| 19 July 2024
| |
| 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 financial instrument: Identification code: | Ordinary Shares of £0.05 each in the capital of Telecom Plus PLC ISIN GB0008794710 | |
| b) | Nature of the transaction:
| The grant of options to acquire Ordinary Shares at a nominal exercise price of £0.05 per Share | |
| c) | Price(s) and volume(s): | Price(s)
| Volume(s) |
| N/A
| 46,772 | ||
| d) | Aggregated price(s) and volume(s): | Price(s)
| Volume(s) |
| N/A
| N/A | ||
| e) | Date of the Transaction:
| 19 July 2024
| |
| 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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