Manx Telecom PLC Director/PDMR Shareholding (7949M)
May 12 2015 - 1:01AM
UK Regulatory
TIDMMANX
RNS Number : 7949M
Manx Telecom PLC
12 May 2015
MANX TELECOM PLC
Director Shareholding
This notification is made in accordance with Rule 17 of the AIM
Rules.
On 11 May 2015 an award over ordinary shares of 0.2 pence each
in Manx Telecom plc (the "Company") was made to the following
director under the Manx Telecom Long-Term Incentive Plan, as
follows:
Name of Director Number of Shares held under award
------------------ ----------------------------------
Gary Lamb 95,576
------------------ ----------------------------------
No consideration was paid for the grant of the award which is
structured as a conditional share award.
The vesting of the award is subject to the satisfaction of
performance conditions set by the Remuneration Committee of the
Company. The award will normally vest on the later of the third
anniversary of grant and the determination of the performance
conditions.
The Company was informed of the above transaction on 11 May
2015.
For further enquiries, please contact:
Liberum Capital (Nominated Adviser and Corporate
Broker) +44 (0)20 3100 2000
Steve Pearce
Steve Tredget
Powerscourt Group (Public Relations) +44 (0) 20 7250 1446
Juliet Callaghan
Simon Compton
Carmen Murray
About Manx Telecom
-- Manx Telecom is the leading communication solutions provider
on the Isle of Man, offering a wide range of fixed line, broadband,
mobile, and data centre services to businesses, consumers and the
public sector on the Isle of Man as well as a growing portfolio of
innovative hosting and "Smart SIM" solutions to off-Island
customers.
-- Manx Telecom has a record of innovation, being the first
European operator to launch a 3G mobile service and the first in
the world to launch a 3.5G mobile service. 4G service launched in
the summer of 2014, and it is now available to contract and pre-pay
customers with 99% population coverage. The Company's high speed
VDSL broadband service (Ultima) is available to 87 per cent of
homes on the Island. A VDSL Plus service launched in February
2015.
-- The Company has three data centres (two of which are Tier 3)
plus international connectivity and its operations are
business-critical to the economic strategy of the Isle of Man.
-- One of the largest employers on the Island, Manx Telecom
employs nearly 300 people. The company plays a major role in the
wider community through a range of activities, including charitable
donations, sponsorships, and corporate social responsibility
initiatives.
-- The company is proud to sponsor the Manx Telecom Parish Walk,
Tough Mann Adventure Challenge, Manx Telecom End2End Mountain Bike
Challenge, Team Manx Telecom (Manx Road Club) and Royal Manx
Agricultural Show as well as other smaller events. Manx Telecom
also donates annually to local causes through the company's "It's
our Community" programme.
-- The Isle of Man has a resilient and growing economy which has
experienced 29 years of unbroken GDP growth. Unemployment is low at
2.0 per cent, and there is a zero per cent corporate tax rate which
applies to the vast majority of Manx Telecom's business and means
that the Group currently pays no corporation tax on its annual
profits.
-- Manx Telecom is listed on the Alternative Investment Market
of the London Stock Exchange with the ticker MANX.
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSPKDDKBBKDAPD
Manx Telecom (LSE:MANX)
Historical Stock Chart
From Apr 2024 to May 2024
Manx Telecom (LSE:MANX)
Historical Stock Chart
From May 2023 to May 2024