16 Jun 2014 17:13
KCOM GROUP PLC
EMPLOYEE BENEFIT TRUST DEALING
16.06.2014
KCOM Group PLC (the "Company") has been notified that Praxis Trustees Limited, as a trustee of the Kingston Communications 2000 Employee Shares Trust (the "Trust"), has purchased 750,000 ordinary shares of 10 pence each of the Company at an average price of 93.00 pence per share.
The purchases were made in order to cover the share scheme obligations of the Trust and have been funded by the Company.
The Trust now owns 859,073 ordinary shares of 10p each, representing 0.17% of the Company's issued share capital and voting rights.
The Company has the following additional obligations to the Trust to satisfy share scheme vesting this financial year, in addition to the on-going monthly Share Incentive Plan obligations:
§ 1.5 million shares in July 2014;
§ 0.6 million shares in November 2014; and
§ 0.8 million shares in March 2015.
In the event of any queries, please contact Kathy Smith, Company Secretary on 01924 882501.