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Director/PDMR Shareholding

25 Sep 2015 11:29

RNS Number : 2344A
Telecom Plus PLC
25 September 2015
 

Telecom Plus PLC (or "the Company")

 

Launch of 2015 SAYE Scheme

 

 

 

Telecom Plus PLC (trading as the Utility Warehouse), which supplies a wide range of utility services (gas, electricity, fixed line telephony, mobile telephony and broadband internet) to both residential and business customers, is pleased to announce that following shareholder approval at the Company's AGM in August it has today launched a Save As You Earn ('SAYE') share scheme for all employees, under which employees have been offered the opportunity to participate in the future growth of the Company through share option arrangements.

 

Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 5 pence each ('Ordinary Shares') with an exercise price of 1058 pence, the closing middle market price of the Company's Ordinary Shares on 3 September 2015, the trading day before the invitation to participate was made. The options have a contract start date of 1 November 2015 and are exercisable between 1 November 2018 and 30 April 2019.

 

A total of 113 employees elected to participate, and pursuant to these elections a total of 68,051 options over Ordinary Shares have been issued, equating to 0.08 per cent. of the current issued share capital.

 

All of the executive directors of the Company, detailed below, have elected to participate in the SAYE scheme and are included in the total figures above.

 

As a result of this SAYE option grant, the directors' interests in options over Ordinary Shares are as follows:

 

Director

Options granted over Ordinary Shares under 2015 SAYE Scheme

Total interest held under option

% of issued share capital

Charles Wigoder

1,701

1,701

0.00%

Andrew Lindsay

1,701

301,7011

0.38%

Nick Schoenfeld

1,701

301,701

0.38%

 

1 In addition Andrew Lindsay holds an interest in 500,000 Ordinary Shares held jointly with the Company's JSOP Share Trust, representing 0.62% of the issued share capital of the Company.

 

 

For further information, please contact:

 

 

Telecom Plus PLC

 

David Baxter

Tel: (020) 8955 5000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSPKPDBKBKDFCB
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30th Jun 20084:10 pmRNSTotal Voting Rights
23rd Jun 200811:58 amRNSAnnual Information Update
11th Jun 200812:57 pmRNSAnnual Report and Accounts
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30th May 20087:00 amRNSTotal Voting Rights
22nd May 20087:00 amRNSFinal Results

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