TIDMMANX

RNS Number : 6338B

Manx Telecom PLC

05 April 2017

5 April 2017

Manx Telecom Plc

Share Purchase

Manx Telecom PLC (the 'Company') announces that, on 31 March 2017, it acquired 29,670 ordinary shares of 0.2p each in the Company ('Ordinary Shares') at GBP1.97 per Ordinary Share.

The Ordinary Shares purchased by the Company have been transferred, subject to a two year holding period, to certain employees to satisfy 2016 annual share bonus awards.

Of the Ordinary Shares purchased by the Company, 9,032 have been transferred to Gary Lamb, Chief Executive Officer and 5,995 transferred Danny Bakhshi, Chief Financial Officer. The shares represent one third of their 2016 net annual bonus. Following the purchase and transfer, Gary Lamb will be interested in 516,826 Ordinary Shares, 0.454% of the issued share capital of the Company and Danny Bakhshi will be interested in 5,995 Ordinary Shares, 0.005% of the issued share capital of the Company.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1.   Details of PDMR / person closely associated 
       with them ('PCA') 
===  =================================================== 
 a)   Name                   Gary Edward Lamb 
===  =====================  ============================ 
 b)   Position /             Chief Executive Officer 
       status 
===  =====================  ============================ 
 c)   Initial notification   Initial Notification 
       / amendment 
===  =====================  ============================ 
 2.   Details of the issuer 
===  =================================================== 
 a)   Name                   Manx Telecom plc 
===  =====================  ============================ 
 b)   LEI                    213800X95NVTAAWYB404 
===  =====================  ============================ 
 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           Ordinary Shares of 0.2p each 
       of the financial      ISIN : IM00BHY3RF70 
       instrument 
===  =====================  ============================ 
 b)   Nature of              Award of 2016 Share Bonus 
       the transaction 
===  =====================  ============================ 
 c)   Price(s) and 
       volume(s)              Price: n/a 
 
                              Volume: 9,032 
===  =====================  ============================ 
 d)   Aggregated             n/a single transaction 
       information 
       Aggregated 
       volume Price 
===  =====================  ============================ 
 e)   Date of the            31 March 2017 
       transaction 
===  =====================  ============================ 
 f)   Place of the           Outside trading venue 
       transaction 
===  =====================  ============================ 
 
 
 1.   Details of PDMR / person closely associated 
       with them ('PCA') 
===  =================================================== 
 a)   Name                   Danny Bakhshi 
===  =====================  ============================ 
 b)   Position /             Chief Financial Officer 
       status 
===  =====================  ============================ 
 c)   Initial notification   Initial Notification 
       / amendment 
===  =====================  ============================ 
 2.   Details of the issuer 
===  =================================================== 
 a)   Name                   Manx Telecom plc 
===  =====================  ============================ 
 b)   LEI                    213800X95NVTAAWYB404 
===  =====================  ============================ 
 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           Ordinary Shares of 0.2p each 
       of the financial      ISIN : IM00BHY3RF70 
       instrument 
===  =====================  ============================ 
 b)   Nature of              Award of 2016 Share Bonus 
       the transaction 
===  =====================  ============================ 
 c)   Price(s) and 
       volume(s)              Price: n/a 
 
                              Volume: 5,995 
===  =====================  ============================ 
 d)   Aggregated             n/a single transaction 
       information 
       Aggregated 
       volume Price 
===  =====================  ============================ 
 e)   Date of the            31 March 2017 
       transaction 
===  =====================  ============================ 
 f)   Place of the           Outside trading venue 
       transaction 
===  =====================  ============================

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHOKPDDOBKKDQK

(END) Dow Jones Newswires

April 05, 2017 06:00 ET (10:00 GMT)

Manx Telecom (LSE:MANX)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Manx Telecom Charts.
Manx Telecom (LSE:MANX)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Manx Telecom Charts.