TIDMTEP

RNS Number : 1812G

Telecom Plus PLC

22 July 2021

Telecom Plus PLC (the "Company")

Notification and public disclosure by directors/persons discharging managerial responsibilities

Telecom Plus PLC announces the grant of share options to its executive directors under the Telecom Plus PLC 2021 Deferred Share Bonus Plan ("DBP").

Under the terms of the DBP, the executive directors have been granted options in respect of one third of their bonus awards for 2021, in accordance with the Directors' Remuneration Policy of the Company as approved by shareholders at the General Meeting of the Company on 16 December 2020. Exercise of the options will be subject to the continued employment of each option holder over a two-year vesting period.

The number of shares subject to each grant has been determined by reference to the mid-market closing price of a share on the trading day before the grant date.

In connection with the introduction of the DBP, and in order to ensure the overall reward available to the executive directors remains proportionate and in line with shareholder expectations of good governance, Telecom Plus PLC confirms that 50% of the Growth Shares previously awarded to PDMRs under the LTIP 2016 have been bought back and cancelled for nominal value. In addition, Stuart Burnett (COO) has surrendered 75,000 of the 100,000 share options awarded to him on 25 July 2019.

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name:                                          ANDREW LINDSAY 
      ---------------------------------------------  -------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------------- 
 a)    Position/Status:                               CHIEF EXECUTIVE OFFICER 
      ---------------------------------------------  -------------------------------------------------- 
 b)    Initial Notification/Amendment:                Initial Notification 
      ---------------------------------------------  -------------------------------------------------- 
 3     Details of the issuer, emission allowance market participation, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------------- 
 a)    Name:                                          Telecom Plus PLC 
      ---------------------------------------------  -------------------------------------------------- 
 b)    LEI:                                           549300QGHDX5UKE58G86 
      ---------------------------------------------  -------------------------------------------------- 
 4.    Details of 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                             Ordinary Shares of GBP0.05 each in the 
        financial instrument:                          capital of Telecom Plus PLC 
        Identification code:                           ISIN GB0008794710 
      ---------------------------------------------  -------------------------------------------------- 
 b)    Nature of the transaction:                     The grant of options to acquire Ordinary 
                                                       Shares at a nominal exercise price of GBP0.05 
                                                       per Share 
      ---------------------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s):                        Price(s)                  Volume(s) 
      ---------------------------------------------  ------------------------  ------------------------ 
   N/A                                                                          17,383 
  ---------------------------------------------------------------------------  ------------------------ 
 d)    Aggregated price(s)                            Price(s)                  Volume(s) 
        and volume(s): 
      ---------------------------------------------  ------------------------  ------------------------ 
   N/A                                                                          N/A 
  ---------------------------------------------------------------------------  ------------------------ 
 e)    Date of the Transaction:                       22 July 2021 
      ---------------------------------------------  -------------------------------------------------- 
 f)    Place of the Transaction:                      Off market transaction 
      ---------------------------------------------  -------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name:                                          NICK SCHOENFELD 
      ---------------------------------------------  -------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------------- 
 a)    Position/Status:                               CHIEF FINANCIAL OFFICER 
      ---------------------------------------------  -------------------------------------------------- 
 b)    Initial Notification/Amendment:                Initial Notification 
      ---------------------------------------------  -------------------------------------------------- 
 3     Details of the issuer, emission allowance market participation, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------------- 
 a)    Name:                                          Telecom Plus PLC 
      ---------------------------------------------  -------------------------------------------------- 
 b)    LEI:                                           549300QGHDX5UKE58G86 
      ---------------------------------------------  -------------------------------------------------- 
 4.    Details of 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                             Ordinary Shares of GBP0.05 each in the 
        financial instrument:                          capital of Telecom Plus PLC 
        Identification code:                           ISIN GB0008794710 
      ---------------------------------------------  -------------------------------------------------- 
 b)    Nature of the transaction:                     The grant of options to acquire Ordinary 
                                                       Shares at a nominal exercise price of GBP0.05 
                                                       per Share 
      ---------------------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s):                        Price(s)                  Volume(s) 
      ---------------------------------------------  ------------------------  ------------------------ 
   N/A                                                                          7,822 
  ---------------------------------------------------------------------------  ------------------------ 
 d)    Aggregated price(s)                            Price(s)                  Volume(s) 
        and volume(s): 
      ---------------------------------------------  ------------------------  ------------------------ 
   N/A                                                                          N/A 
  ---------------------------------------------------------------------------  ------------------------ 
 e)    Date of the Transaction:                       22 July 2021 
      ---------------------------------------------  -------------------------------------------------- 
 f)    Place of the Transaction:                      Off market transaction 
      ---------------------------------------------  -------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name:                                          STUART BURNETT 
      ---------------------------------------------  -------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------------- 
 a)    Position/Status:                               CHIEF OPERATING OFFICER 
      ---------------------------------------------  -------------------------------------------------- 
 b)    Initial Notification/Amendment:                Initial Notification 
      ---------------------------------------------  -------------------------------------------------- 
 3     Details of the issuer, emission allowance market participation, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------------- 
 a)    Name:                                          Telecom Plus PLC 
      ---------------------------------------------  -------------------------------------------------- 
 b)    LEI:                                           549300QGHDX5UKE58G86 
      ---------------------------------------------  -------------------------------------------------- 
 4.    Details of 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                             Ordinary Shares of GBP0.05 each in the 
        financial instrument:                          capital of Telecom Plus PLC 
        Identification code:                           ISIN GB0008794710 
      ---------------------------------------------  -------------------------------------------------- 
 b)    Nature of the transaction:                     The grant of options to acquire Ordinary 
                                                       Shares at a nominal exercise price of GBP0.05 
                                                       per Share 
      ---------------------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s):                        Price(s)                  Volume(s) 
      ---------------------------------------------  ------------------------  ------------------------ 
   N/A                                                                          11,271 
  ---------------------------------------------------------------------------  ------------------------ 
 d)    Aggregated price(s)                            Price(s)                  Volume(s) 
        and volume(s): 
      ---------------------------------------------  ------------------------  ------------------------ 
   N/A                                                                          N/A 
  ---------------------------------------------------------------------------  ------------------------ 
 e)    Date of the Transaction:                       22 July 2021 
      ---------------------------------------------  -------------------------------------------------- 
 f)    Place of the Transaction:                      Off market transaction 
      ---------------------------------------------  -------------------------------------------------- 
 

For further information, please contact:

Telecom Plus PLC

David Baxter

Tel: (020) 8955 5000

LEI code: 549300QGHDX5UKE58G86

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END

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July 22, 2021 10:15 ET (14:15 GMT)

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