The Peoples Operator Regulatory News (TPOP)

The People's Operator plc 

("TPO", the "Company" or the "Group") 

Result of General Meeting

Board Change

and

Total Voting Rights

The People's Operator (AIM: TPOP), the cause-based commercial mobile virtual network operator, announces that at the Company's General Meeting held earlier today, all resolutions were duly passed.

Consequently, the Company can complete the transfer of the subscribers of The People's Operator USA LLC, the Company's US subsidiary ("TPO USA"), to Ting Inc. ("Ting"), a US based mobile virtual network operator (the "Disposal"). Further announcements on progress with this will be made in due course.

The Company remains in discussion with Barclays, its sole secured creditor, regarding the use of proceeds from the Disposal while urgently continuing to seek bridge funding to cover the period to 

receipt of such proceeds as set out in the Company's announcement dated 15 June 2018. Further announcements will be made in due course.

Resignation of Director

Jimmy Wales, Non-Executive Director, informed the Board some time ago that he intended to step down as a Board member at an appropriate moment to concentrate on his other interests including WikiTribune. Following the General Meeting, Mr Wales has now resigned from his position and will be leaving the Board with immediate effect.

The Company wishes to express its gratitude to Mr Wales for his support and guidance since flotation, both as Executive Chairman and as a Non-Executive Director.

Capital Reorganisation and Total Voting Rights

Following approval by shareholders at the General Meeting, each existing ordinary share of £0.0005 will be subdivided into one ordinary share of £0.0001 ("New Ordinary Shares") and one deferred share of £0.0004 ("Deferred Shares"). The record date for the capital reorganisation is 5.00 p.m. on 26 June 2018.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence at 8.00 am on 27 June 2018 with ISIN GB00BSJWQH14. The total number of New Ordinary Shares in issue following Admission will be 3,021,340,043.

The above figure of 3,021,340,043 should be used by shareholders 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 Company under the FCA's Disclosure and Transparency Rules.

For further details, please contact:

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.