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 instrument, type of instrument:

Identification code:

Ordinary Shares of £0.05 each

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:

·      Price:

1,404,000

N/A

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

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