3 May 2019 11:48
3 May 2019
Manx Telecom PLC
Vesting of LTIP awards
Manx Telecom plc (the "Company") announces that it has issued 778,012 new ordinary shares of 0.2p each in the Company ("New Ordinary Shares"). The New Ordinary Shares have been allotted pursuant to vesting of awards under the Manx Long Term Incentive Plan and the exercise of options under the Manx SAYE Scheme and Manx Shadow SAYE Scheme.
Scheme | New Ordinary Shares |
Manx SAYE Scheme 2016 | 258,876 |
Manx SAYE Scheme 2018 | 212,294 |
Manx Shadow SAYE Scheme 2016 | 2,668 |
Manx Shadow SAYE Scheme 2018 | 3,939 |
Manx Long Term Incentive Plan | 300,235 |
Total | 778,012 |
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8:00 a.m. on 7 May 2019. The Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.
Following Admission, the Company's enlarged issued share capital and total number of voting rights will be 115,872,475 Ordinary Shares.
Capitalised terms in this announcement, unless otherwise defined, have the meaning given to them in the Scheme Document posted to shareholders on 29 March 2019.
The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.
1. | Details of PDMR / person closely associated with them ('PCA') | |
a) | Name | Mr Gary Edward Lamb
|
b) | Position / status | Chief Executive Officer |
c) | Initial notification / amendment | Initial Notification |
2. | Details of the issuer | |
a) | Name | Manx Telecom plc |
b) | LEI | 213800I23N5C6YOJ9888 |
3. | 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 | Ordinary Shares of 0.2p
|
b) | Nature of the transaction | Exercise of share options |
c) | Price(s) and volume(s) | |
d) | Aggregated information Aggregated volume Price |
183,763 Ordinary Shares of 0.2p Nil consideration |
e) | Date of the transaction | 3 May 2019 |
f) | Place of the transaction | Outside a trading venue |
MANX.L (MANX)