24 May 2018 11:31
24 May 2018
Manx Telecom PLC
Vesting of LTIP awards
Manx Telecom plc (the "Company") announces that it has issued 128,170 new ordinary shares of 0.2p each in the Company ("New Ordinary Shares"). The New Ordinary Shares have been allotted pursuant to exercise of share options awarded to a number of individuals under the Company's "2015 Long Term Investment Plan" following achievement of the performance conditions set on award of the options on 11 May 2015.
Application has been made to the London Stock Exchange for 128,170 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8:00 a.m. on 30 May 2018. 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 115,009,234 Ordinary Shares. Following the Admission, Gary Lamb's interest in the Company is 569,679 ordinary shares representing approximately 0.50% of the Company's issued share capital.
The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.
1. | Details of PDMR / person closely associated with them ('PCA') | |||||
a) | Name | Mr 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 | 213800I23N5C6YOJ9888 | ||||
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 | ||||
b) | Nature of the transaction | Exercise of share options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
Aggregated volume
Aggregated price |
52,853 Ordinary Shares of 0.2p
Nil consideration | ||||
e) | Date of the transaction | 23 May 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||