19 Nov 2014 11:27
KCOM GROUP PLC
EMPLOYEE BENEFIT TRUST DEALING
19.11.2014
KCOM Group PLC (the "Company") was notified yesterday that Praxis Trustees Limited, as a trustee of the Kingston Communications 2000 Employee Shares Trust (the "Trust"), has purchased 850,000 ordinary shares of 10 pence each of the Company at an average price of 93.13 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 1,039,112 ordinary shares of 10p each, representing 0.20% of the Company's issued share capital and voting rights. These shares will be held in trust until they vest; therefore the purchase of these shares does not reduce the share capital in issue.
The Company has the following additional obligation to the Trust to satisfy share scheme vesting this financial year, in addition to the on-going monthly Share Incentive Plan obligations:
§ 0.9 million shares in March 2015.
In the event of any queries, please contact Kathy Smith, Company Secretary on 01924 882501.