16 Mar 2017 07:00
16 March 2017
Manx Telecom PLC
Exercise of Options
Manx Telecom plc (the "Company") announces that it has issued 849,201 new ordinary shares of 0.2p each in the Company ("New Ordinary Shares"). The New Ordinary Shares have been allotted pursuant to the exercise of share options awarded to a number of individuals under the Company's "2014 Co-Investment Plan" following achievement of the performance conditions set when the Company was listed on AIM on 10 February 2014 .
Application has been made to the London Stock Exchange for the 849,201 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8:00 a.m. on 21 March 2017. The Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.
Following Admission, the Company's enlarged issued share capital and total number of voting rights will be 113,825,772 Ordinary Shares.
The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of PDMR / person closely associated with them ('PCA') | |||||||||
a) | Name | Gary Edward Lamb
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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
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b) | Nature of the transaction | Exercise of share options | ||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price | n/a single transaction
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e) | Date of the transaction | 16 March 2017 | ||||||||
f) | Place of the transaction | Outside trading venue | ||||||||