14 May 2014 07:00
KCOM GROUP PLC
NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PDMRS
AS SPECIFIED UNDER DR 3.1.4 R (1)
13.05.2014
The Company operates an Inland Revenue approved Share Incentive Plan (SIP) which offers all employees the opportunity to participate in free shares, partnership shares, matching shares and dividend shares. In accordance with the Disclosure Rules 3.1.4 R (1), the share interests of the under-noted directors and persons discharging managerial responsibilities have increased this month.
The following transactions took place in London on 12th May 2014 and the Company was notified on12th May 2014.
Category | Name | Opening Balance under this scheme | Partnership Shares purchased this month | Matching Shares allocated this month | Share Price (pence) | Closing Balance under this scheme* | Total Shares held in the Company** | Total issued capital percentage held |
Director | Mr Paul Simpson | 50,833 | 132 | 104 | 94.48 | 51,069 | 520,665 | 0.101% |
Director | Mr Kevin Walsh | 37,042 | 159 | 113 | 94.48 | 37,314 | 609,266 | 0.118% |
*Opening and closing balances include all shares held under the scheme, which comprise of free shares, partnership shares, matching shares and dividend shares. Free shares and matching shares are forfeitable under certain circumstances.
*\* The total shares held represent shares held by connected persons in addition to shares held in the name of the individual.
In accordance with standard Inland Revenue approved Share Incentive Scheme rules, the shares are held in trust for the benefit of the participant.
KCOM confirms that the individual instructions to the trustees were given in an open period.
In the event of any queries, please contact Kathy Smith, Company Secretary on +44 (0)1924 882501 or kathy.smith@kcom.com.