REG - Telecom Plus PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">TEP.L</Origin>

Telecom PlusAnnouncement

25/09/2015 11:30

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RNS Number : 2344A
Telecom Plus PLC
25 September 2015 
 
Telecom Plus PLC (or "the Company") 
 
Launch of 2015 SAYE Scheme 
 
Telecom Plus PLC (trading as the Utility Warehouse), which supplies a wide
range of utility services (gas, electricity, fixed line telephony, mobile
telephony and broadband internet) to both residential and business customers,
is pleased to announce that following shareholder approval at the Company's
AGM in August it has today launched a Save As You Earn ('SAYE') share scheme
for all employees, under which employees have been offered the opportunity to
participate in the future growth of the Company through share option
arrangements. 
 
Eligible employees were invited to subscribe for options over the Company's
Ordinary Shares of 5 pence each ('Ordinary Shares') with an exercise price of
1058 pence, the closing middle market price of the Company's Ordinary Shares
on 3 September 2015, the trading day before the invitation to participate was
made. The options have a contract start date of 1 November 2015 and are
exercisable between 1 November 2018 and 30 April 2019. 
 
A total of 113 employees elected to participate, and pursuant to these
elections a total of 68,051 options over Ordinary Shares have been issued,
equating to 0.08 per cent. of the current issued share capital. 
 
All of the executive directors of the Company, detailed below, have elected to
participate in the SAYE scheme and are included in the total figures above. 
 
As a result of this SAYE option grant, the directors' interests in options
over Ordinary Shares are as follows: 
 
 Director         Options granted over Ordinary Shares under 2015 SAYE Scheme  Total interest held under option  % of issued share capital  
 Charles Wigoder  1,701                                                        1,701                             0.00%                      
 Andrew Lindsay   1,701                                                        301,7011                          0.38%                      
 Nick Schoenfeld  1,701                                                        301,701                           0.38%                      
 
 
1 In addition Andrew Lindsay holds an interest in 500,000 Ordinary Shares held
jointly with the Company's JSOP Share Trust, representing 0.62% of the issued
share capital of the Company. 
 
For further information, please contact: 
 
Telecom Plus PLC 
 
David Baxter 
 
Tel: (020) 8955 5000 
 
This information is provided by RNS
The company news service from the London Stock Exchange