23 Mar 2018 09:47
Telecom Plus PLC (the "Company")
Notification and public disclosure by directors/persons discharging managerial responsibilities and persons closely associated with them
Charles Wigoder, Chairman of the Company, has notified the Company that he has today deposited a further 350,000 of his shares in the Company into a collateral account at Barclays Bank Plc ("Barclays") as partial security for an increase to an existing loan facility. Under the terms of his agreement with Barclays, title to the 350,000 shares can be transferred, sold or otherwise dealt with by them following an event of default under the security agreement.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Charles Wigoder | ||||
2 | Reason for the 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: | Telecom Plus PLC | ||||
b) | LEI: | 549300QGHDX5UKE58G86 | ||||
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: Identification code: | Ordinary Shares of £0.05 each GB0008794710 | ||||
b) | Nature of the transaction: | Moving a further 350,000 ordinary shares into a collateral account with Barclays, to act as partial security for an enhanced loan facility | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: |
350,000 N/A | ||||
e) | Date of the transaction: | 23 March 2018 | ||||
f) | Place of the transaction: | Outside trading venue | ||||
For further information, please contact:
Telecom Plus PLC
David Baxter
Tel: (020) 8955 5000
Telecom Plus (TEP)