Last checked at 19 Feb 2020 12:22
Toople PLC
("Toople" or the "Company")
Director/PDMR Dealing
The Board of Toople, a provider of bespoke telecom services to UK SMEs, announces that it has received the following notification that Richard Horsman, Chairman of the Company, sold 41,666,680 ordinary shares of 0.0667p each ("Ordinary Shares") at a price of 0.95 pence and bought, into his wife's ISA, 21,000,000 Ordinary Shares at a price of 0.951 pence per Ordinary Share and, into his personal ISA, 20,666,680 Ordinary Shares at a price of 0.951 pence per Ordinary Share (the "Transfer").
Following the Transfer, Mr Horsman's beneficial interest in the Company remains the same at 70,166,680 Ordinary Shares representing approximately 1.99 per cent. of the Company's issued share capital.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
-ends-
For further information please visit www.Toople.com or contact:
Toople PLC Andy Hollingworth, Chief Executive Officer Kevin Lawrence, Chief Financial Officer
| Tel: 0800 0499 499 |
Cairn Financial Advisers LLP Sandy Jamieson/Tony Rawlinson/Ludovico Lazzaretti | Tel: 020 7213 0880 |
Novum Securities Limited David Coffman | Tel: 020 7399 9400 |
Turner Pope Investments Limited Andy Thacker / Zoe Alexander | Tel: 020 3657 0050 |
Belvedere Communications John West / Llew Angus | Tel: 020 3687 2754 |
Notes to editors:
Toople PLC, a company incorporated in the UK provides a range of telecoms services primarily targeted at the UK SME market. Services offered by the Group include business broadband, fibre, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and Traditional Services (calls and lines) all of which are delivered and managed through Merlin, the Group's proprietary software platform.
The Group is differentiated by its focus on creating small business connectivity solutions, with robust and reliable packages that will enhance our customer's companies. In addition, our vision is based on trust and transparency, with no hidden fees within our pricing policy providing customers with a clear understanding of cost.
Toople Plc has a strong and highly experienced Board and management team who are focused on growing the business both organically and by identifying earnings enhancing strategic acquisition opportunities.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a. | Name | Richard Horsman | |||||
2 | Reason for notification | ||||||
a. | Position/Status | Chairman | |||||
b. | Initial notification/ Amendment | Initial Notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a. | Name | Toople Plc | |||||
b. | LEI | 213800P3DSCKSEHPU161 | |||||
4 | 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, type of instrumentIdentification Code | Ordinary Shares of 0.0667p each
ISIN: GB00BZ8TP087 | |||||
b. | Nature of the transaction | Transfer to ISA | |||||
c. | Price(s) and volume(s) | ||||||
Price(s) per share | Volume(s) | ||||||
0.95p | 41,666,680 | ||||||
0.951p | 41,666,680 | ||||||
| |||||||
d. | Aggregated information
- Aggregated Volume
- Price |
41,666,680 ordinary shares of 0.0667 pence (sold) at 0.95 pence per ordinary share
41,666,680 ordinary shares of 0.0667 pence (bought) at 0.951 pence per ordinary share
| |||||
e. | Date of the transaction | 19 February 2020 | |||||
f. | Place of the transaction | London Stock Exchange - Standard Listing | |||||