26 Jun 2015 07:00
26 June 2015
The People's Operator plc
("TPO", the "Company" or the "Group")
Director Dealing
The People's Operator (AIM: TPOP), the cause-based commercial mobile virtual network operator ("MVNO"), was notified on 25 June 2015 of the purchase on the same day by Jimmy Wales, Executive Chairman of the Company, of 80,000 ordinary shares of £0.0005 each in the Company ("Ordinary Shares") at a price of 130.0 pence per Ordinary Share.
Following this transaction, Jimmy Wales' total beneficial interest in the Company is 5,986,760 Ordinary Shares, representing approximately 7.77% of the Company's issued share capital.
For further information
The People's Operator plc | via Alma PR |
Jimmy Wales, Executive Chairman |
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Mark Epstein, Chief Executive Officer |
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finnCap Ltd | 020 7220 0500 |
Stuart Andrews / Christopher Raggett / Simon Hicks (Corporate Finance) |
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Simon Johnson (Corporate Broking) |
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Alma PR |
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Josh Royston | +44 (0)7780 901979 |
John Coles | +44 (0)7836 273660 |
Hilary Buchanan | +44 (0)7515 805218 |
About The People's Operator
Headquartered in the UK, The People's Operator (TPO) is a mobile virtual network operator that was founded in 2012 on the principle that mobile could be used to change lives for the better. Customers with TPO not only get the best deals, high quality mobile service and great customer service - they can also direct 10% of their monthly mobile spend to the cause of their choice, at no extra cost to them. In addition, The TPO Foundation, a UK registered charity, will receive 25% of the UK trading profits generated by The People's Operator LLP.
The Group's strategy is to maintain a low fixed-cost base, small staff numbers and lower levels of advertising and marketing expenditure than its competitors which will enable the Group to offer customers a best-in-class service at competitive prices, whilst delivering attractive return to shareholders.
Under the direction of Jimmy Wales, the founder of the online encyclopedia Wikipedia and Chair of the TPO Board, TPO is developing an online community to expand the global network of mobile phone customers who share in the common belief of supporting causes. TPO has developed partnerships with community organisations and causes who promote TPO's products to their supporters.
TPO was admitted to AIM of the London Stock Exchange in December 2014, and announced its intention to launch as a mobile virtual network operator in the USA in 2015.
TPO subscriber figures reached 30,000 in May 2015. For more information, please visit www.thepeoplesoperator.com.