13th Jul 2016 15:30
The People's Operator plc
("TPO" or the "Company")
Issue of Equity / Director Dealing
The People's Operator (AIM: TPOP), the cause-based commercial mobile virtual network operator, announces that it has applied to the London Stock Exchange for 484,285 ordinary shares of £0.0005 each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission").
210,000 new Ordinary Shares are being issued to Christian Gallardo, Non-Executive Director of the Company, at a deemed price of 20 pence per Ordinary Share in lieu of his Director salary for the financial year ending 31 December 2015.
On Admission, Christian Gallardo will be beneficially interested in 268,602 Ordinary Shares, representing approximately 0.35 per cent. of the Company's enlarged share capital. The Company has today released a "Notification and public disclosure of transactions by persons discharging managerial responsibilities" and notified the FCA of the issuance in accordance with Regulation 596/2014.
274,285 new Ordinary Shares are being issued to a service provider which has elected to take Ordinary Shares in lieu of services provided rather than cash.
It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 14 July 2016. Following Admission there will be 77,793,344 Ordinary Shares in issue. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information
The People's Operator plc Nick Dashwood Brown, Head of Investor Relations
| 020 3857 5962 |
finnCap Ltd Stuart Andrews / Christopher Raggett / Simon Hicks
| 020 7220 0500 |
Related Shares:
The Peoples Operator