TIDMTEP

RNS Number : 2036U

Telecom Plus PLC

01 December 2021

Telecom Plus PLC (the "Company")

Notification and public disclosure by directors/persons discharging managerial responsibilities and persons closely associated with them

Telecom Plus PLC received notification today that Charles Wigoder, Executive Chairman, disposed of 2.0 million ordinary shares in the Company of 5p each ("Ordinary Shares") on 30 November 2021. The Company also received notification today that the Wigoder Family Foundation (a registered charity), in which Mr Wigoder has a non-beneficial interest, disposed of 500,000 Ordinary Shares on 30 November 2021 ("the Disposals").

The Disposals were conducted through Peel Hunt and Numis Securities in response to strong institutional demand following the Company's Capital Markets Day held on 23 November 2021. Mr Wigoder remains clearly aligned with the long-term growth and success of the Company and has confirmed that he will not sell any further Ordinary Shares for at least 6 months (subject to waiver by Peel Hunt and Numis Securities and to certain customary exceptions).

Mr Wigoder remains the largest personal shareholder with a beneficial interest in 7,421,486 Ordinary Shares, and a non-beneficial interest in 3,592,683 Ordinary Shares through the Wigoder Family Foundation, representing approximately 9.4 per cent. and 4.6 per cent. respectively of the total voting rights in the Company.

The total number of Ordinary Shares in which Mr Wigoder retains an interest is 11,014,169 Ordinary Shares, representing approximately 14.0 per cent. of the total voting rights in the Company.

The attached notification, made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018), gives further detail of the number of Ordinary Shares disposed.

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name:                                          Charles Wigoder 
      ---------------------------------------------  -------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------- 
 a)    Position/Status:                               Executive Chairman 
      ---------------------------------------------  -------------------------------- 
 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 
        financial instrument:                          ISIN GB0008794710 
        Identification code: 
      ---------------------------------------------  -------------------------------- 
 b)    Nature of the transaction:                     Disposal of Ordinary Shares 
      ---------------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s):                        Price(s)         Volume(s) 
      ---------------------------------------------  ---------------  --------------- 
   GBP14.50                                                            2,000,000 
  ------------------------------------------------------------------  --------------- 
 d)    Aggregated price(s)                            Price(s)         Volume(s) 
        and volume(s): 
      ---------------------------------------------  ---------------  --------------- 
   N/A                                                                 N/A 
  ------------------------------------------------------------------  --------------- 
 e)    Date of the Transaction:                       30 November 2021 
      ---------------------------------------------  -------------------------------- 
 f)    Place of the Transaction:                      London Stock Exchange (XLON) 
      ---------------------------------------------  -------------------------------- 
 
 
  1     Details of the person discharging managerial responsibilities/person 
         closely associated 
  a)    Name:                              Wigoder Family Foundation 
       ---------------------------------  ------------------------------------------------- 
  2     Reason for the notification 
       ------------------------------------------------------------------------------------ 
  a)    Position/Status:                   Family charitable foundation of Executive 
                                            Chairman 
       ---------------------------------  ------------------------------------------------- 
  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 
         financial instrument:              ISIN GB0008794710 
         Identification code: 
       ---------------------------------  ------------------------------------------------- 
  b)    Nature of the transaction:         Disposal of Ordinary Shares 
       ---------------------------------  ------------------------------------------------- 
  c)    Price(s) and volume(s):            Price(s)     Volume(s) 
       ---------------------------------  -----------  ------------------------------------ 
    GBP14.50                                            500,000 
   --------------------------------------------------  ------------------------------------ 
  d)    Aggregated price(s)                Price(s)     Volume(s) 
         and volume(s): 
       ---------------------------------  -----------  ------------------------------------ 
                                           N/A          N/A 
       ---------------------------------  -----------  ------------------------------------ 
  e)    Date of the Transaction:           30 November 2021 
       ---------------------------------  ------------------------------------------------- 
  f)    Place of the Transaction:          London Stock Exchange (XLON) 
       ---------------------------------  ------------------------------------------------- 
 
   For further information, please contact: 
 Telecom Plus PLC 
  David Baxter                                                            020 8955 5000 
 
 

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END

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(END) Dow Jones Newswires

December 01, 2021 04:44 ET (09:44 GMT)

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