TIDMTEP

RNS Number : 6583I

Telecom Plus PLC

22 March 2018

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 entered into an agreement to charge 1,404,000 of his shares in the Company as security for a loan from the Julius Baer Group ("Julius Baer"). Under the terms of the charge, title to the 1,404,000 shares can be transferred, sold or otherwise dealt with by Julius Baer 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                         Ordinary Shares 
                               instrument, type of instrument:                       of GBP0.05 each 
                               Identification code:                                  GB0008794710 
----------------------------  ---------------------------------------------------  ------------------------- 
 b)                            Nature of the transaction:                           Depositing of 1,404,000 
                                                                                     ordinary shares 
                                                                                     with the bank, Julius 
                                                                                     Baer, to act as 
                                                                                     security for a loan 
----------------------------  ---------------------------------------------------  ------------------------- 
 c)                            Price(s) and volume(s):                                Price(s)    Volume(s) 
                                                                                     ----------  ---------- 
                                                                                      N/A         1,404,000 
                                                                                     ----------  ---------- 
----------------------------  ---------------------------------------------------  ------------------------- 
 d)                            Aggregated information: 
                                 *    Aggregated volume:                              1,404,000 
                                                                                      N/A 
 
                                 *    Price: 
----------------------------  ---------------------------------------------------  ------------------------- 
 e)                            Date of the transaction:                             22 March 2018 
----------------------------  ---------------------------------------------------  ------------------------- 
 f)                            Place of the transaction:                            Outside trading 
                                                                                     venue 
----------------------------  ---------------------------------------------------  ------------------------- 
   For further information, 
    please contact: 
  Telecom Plus PLC 
   David Baxter                                                     020 8955 5000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 22, 2018 11:18 ET (15:18 GMT)

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