26 Mar 2015 15:30
KCOM GROUP PLC
EMPLOYEE BENEFIT TRUST DEALING
26.03.2015
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 870,000 ordinary shares of 10 pence each of the Company at an average price of 93.4655 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 1,022,392 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.
In the event of any queries, please contact Kathy Smith, Company Secretary on 01924 882501.