5 Apr 2017 11:00
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 |