2 Jun 2016 15:45
The People's Operator plc
("TPO" or the "Company")
Issue of Equity / Director Dealing
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 210,000 ordinary shares of £0.0005 each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued to Marisa Cassoni, Non-Executive Director of the Company, at a deemed price of 20 pence per Ordinary Share in lieu of her Director salary for the financial year ending 31 December 2015.
On Admission, Marisa Cassoni will be beneficially interested in 268,782 Ordinary Shares, representing approximately 0.34 per cent. of the Company's enlarged 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 6 June 2016. Following Admission there will be 77,309,059 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
| 0203 857 5962 |
finnCap Ltd Stuart Andrews / Christopher Raggett / Simon Hicks
| 020 7220 0500 |