TALK.L Regulatory News (TALK)

RNS Announcement

Wednesday 20 November 2013

For Immediate Release

TalkTalk Telecom Group PLC ("Company")

Director Shareholding

The Company's Value Enhancement Schemes (the "VES") approved by the shareholders of Carphone Warehouse Group PLC ("CPW") in July 2009 and inherited by the Company following its demerger from CPW in January 2010 were designed to enable its participants, who are employees of both the Company and CPW, to share in the incremental value of the Company created from an initial valuation in April 2009.

Following the vesting of 60% of the VES in 2012, the relevant performance conditions have been satisfied and the remaining 40% of the VES has vested. The current vesting has resulted in participants receiving a combination of new ordinary shares in the Company and a cash settlement.

Participants in the VES include Dido Harding (CEO). Ms Harding has not personally received any cash on vesting and all of her award has been satisfied by the issue of the number of shares in the Company set out below at a price of 2.779 pence per share. Ms Harding is required to hold these shares in the Company for a minimum of 12 months from today's date and is subject thereafter to a minimum shareholding requirement equal to 200% of her base salary. 

Dido Harding (CEO) - 1,881,567 shares. Ms Harding now holds 4,253,390 shares in total being 0.45% of the Company's issued shares.

Contacts:

Tim Morris +44 (0) 208 753 8243