9 Jun 2016 08:08
9 June 2016
Manx Telecom Plc
(the "Company")
Share Purchase
The Company hereby announces that, on 06 June 2016, it acquired 19,991 ordinary shares of £0.002 each in the Company ("Ordinary Shares") at 201pence per Ordinary Share.
The shares were purchased on behalf of certain employees to satisfy 2015 annual bonus awards as disclosed in the Company's annual report and accounts for the year ending 31 December 2015.
Of the shares purchased by the Company, 7,103 were purchased on behalf of Gary Lamb representing one third of his 2015 net annual bonus. Following the purchase and transfer to Gary, he will be interested in 507,103 Ordinary Shares, 0.448% of the issued share capital of the Company.
-Ends-
For further enquiries, please contact:
Manx Telecom plc | +44 (0) 1624 636400 |
Gary Lamb, CEO Danny Bakhishi, CFO
| |
Liberum Capital (Nominated Adviser and Corporate Broker) | +44 (0)20 3100 2000 |
Steve Pearce Steve Tredget
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Oakley Capital (Financial Adviser) | +44 (0) 20 7766 6900 |
Christian Maher Victoria Boxall
| |
Powerscourt Group (Public Relations) | +44 (0) 20 7250 1446 |
Peter Ogden Simon Compton Hattie O'Reilly |
About Manx Telecom
§ Manx Telecom is the leading communication solutions provider on the Isle of Man, offering a wide range of fixed line, broadband, mobile, and data centre services to businesses, consumers and the public sector on the Isle of Man as well as a growing portfolio of innovative hosting and "Smart SIM" solutions to off-Island customers.
§ Manx Telecom has a record of innovation, being the first European operator to launch a 3G mobile service and the first in the world to launch a 3.5G mobile service. 4G service launched in the summer of 2014, and it is now available to contract and pre-pay customers with 99% population coverage. The Company's high speed VDSL broadband service (Ultima) is available to 87 per cent of homes on the Island. A VDSL Plus service launched in February 2015.
§ The Company has three data centres (two of which are Tier 3) plus international connectivity and its operations are business-critical to the economic strategy of the Isle of Man.
§ One of the largest employers on the Island, Manx Telecom employs nearly 300 people. The company plays a major role in the wider community through a range of activities, including charitable donations, sponsorships, and corporate social responsibility initiatives.
§ The company is proud to sponsor the Manx Telecom Parish Walk, Tough Mann Adventure Challenge, Manx Telecom End2End Mountain Bike Challenge, Team Manx Telecom (Manx Road Club) and Royal Manx Agricultural Show as well as other smaller events. Manx Telecom also donates annually to local causes through the company's "It's our Community" programme.
§ The Isle of Man has a resilient and growing economy which has experienced 31 years of unbroken GDP growth. Unemployment is low at 1.9 per cent, and there is a zero per cent corporate tax rate which applies to the vast majority of Manx Telecom's business and means that the Group currently pays no corporation tax on its annual profits.
§ Manx Telecom is listed on the Alternative Investment Market of the London Stock Exchange with the ticker MANX.