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Director/PDMR Shareholding

5 Apr 2017 11:00

RNS Number : 6338B
Manx Telecom PLC
05 April 2017
 

5 April 2017

Manx Telecom Plc

Share Purchase

Manx Telecom PLC (the 'Company') announces that, on 31 March 2017, it acquired 29,670 ordinary shares of 0.2p each in the Company ('Ordinary Shares') at £1.97 per Ordinary Share.

The Ordinary Shares purchased by the Company have been transferred, subject to a two year holding period, to certain employees to satisfy 2016 annual share bonus awards.

Of the Ordinary Shares purchased by the Company, 9,032 have been transferred to Gary Lamb, Chief Executive Officer and 5,995 transferred Danny Bakhshi, Chief Financial Officer. The shares represent one third of their 2016 net annual bonus. Following the purchase and transfer, Gary Lamb will be interested in 516,826 Ordinary Shares, 0.454% of the issued share capital of the Company and Danny Bakhshi will be interested in 5,995 Ordinary Shares, 0.005% of the issued share capital of the Company.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Gary Edward Lamb

 

b)

Position / status

Chief Executive Officer

c)

Initial notification / amendment

Initial Notification

2.

Details of the issuer

a)

Name

Manx Telecom plc

b)

LEI

213800X95NVTAAWYB404

3.

Details of the 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

Ordinary Shares of 0.2p each

ISIN : IM00BHY3RF70

 

b)

Nature of the transaction

Award of 2016 Share Bonus

c)

Price(s) and volume(s)

 

Price: n/a

 

Volume: 9,032

d)

Aggregated information

Aggregated volume Price

n/a single transaction

 

e)

Date of the transaction

31 March 2017

f)

Place of the transaction

Outside trading venue

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Danny Bakhshi

 

b)

Position / status

Chief Financial Officer

c)

Initial notification / amendment

Initial Notification

2.

Details of the issuer

a)

Name

Manx Telecom plc

b)

LEI

213800X95NVTAAWYB404

3.

Details of the 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

Ordinary Shares of 0.2p each

ISIN : IM00BHY3RF70

 

b)

Nature of the transaction

Award of 2016 Share Bonus

c)

Price(s) and volume(s)

 

Price: n/a

 

Volume: 5,995

d)

Aggregated information

Aggregated volume Price

n/a single transaction

 

e)

Date of the transaction

31 March 2017

f)

Place of the transaction

Outside trading venue

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHOKPDDOBKKDQK
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