20 Feb 2018 11:05
The People's Operator plc
("TPO" or the "Company")
Issue of Equity
The People's Operator (AIM: TPOP), the cause-based commercial mobile virtual network operator, announces that it has applied to the London Stock Exchange for 16,535,861 ordinary shares of £0.0005 each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission").
The Ordinary Shares are being issued as follows:
- 318,000 new Ordinary Shares are being issued to Julia Simpson, Non-Executive Director of the Company, at a deemed price of 5 pence per Ordinary Share in lieu of her Director's salary and fees for the period from 22 June 2017 (the date on which her appointment was publicly announced) to 31 December 2017;
- 15,900,000 new Ordinary Shares are being issued to Julia Simpson, Non-Executive Director of the Company, at a deemed price of 0.1 pence per Ordinary Share in lieu of her Director's salary and fees for the period from 1 January 2018 to 30 June 2018; and
- 317,861 new Ordinary Shares are being issued to an employee at a deemed price of 9.91 pence per Ordinary Share pursuant to an agreement dated 26 July 2016.
On Admission, Julia Simpson will be beneficially interested in 16,218,000 Ordinary Shares, representing approximately 0.53 per cent. of the Company's enlarged issued share capital.
It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 26 February 2018. Following Admission there will be 3,021,340,043 Ordinary Shares in issue. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information
The People's Operator plc Nick Dashwood Brown, Head of Investor Relations
| 07710 511259 |
finnCap Ltd Stuart Andrews/Simon Hicks
| 020 7220 0500 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Julia Simpson | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-Executive Director - classified as a PDMR of the Company | ||||
b) | Initial notification/Amendment |
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | The People's Operator plc | ||||
b) | LEI | 213800BOVWJYMA6RBV07 | ||||
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 instrument |
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Identification code | GB00BSJWQH14 | |||||
b) | Nature of the transaction |
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c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price | Issue of 318,000 ordinary shares of £0.0005 at 5.0 pence per ordinary share Issue of 15,900,000 ordinary shares of £0.0005 at 0.1 pence per ordinary share | ||||
e) | Date of the transaction | 26 February 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||