Transaction in Own Shares

RNS Number : 6775S

Telecom Plus PLC

27 June 2018

 

Telecom Plus PLC

Transaction in Own Shares

Telecom Plus PLC (TEP.L) ("Telecom Plus" or the "Company"), which supplies a wide range of utility services to both residential and business customers, announces that it has purchased (through Peel Hunt LLP acting as the Company's broker) the following number of its shares of 5p each on the London Stock Exchange. The purchased shares will be held as treasury shares.

The purchases were made pursuant to the £4.7m buy-back programme announced on 19 June 2018.

Date of purchase:	26 June 2018
Number of shares purchased (aggregated volume):	11,000
Highest price paid per share (pence):	1,140 pence
Lowest price paid per share (pence):	1,140 pence
Volume weighted average price paid per share (pence):	1,140 pence

Following these transactions £4.2m of the buy-back programme remains outstanding.

Following the purchase of these shares, Telecom Plus holds 107,615 ordinary shares as treasury shares and the Company's issued share capital (excluding shares held as treasury shares) consists of 78,371,455 shares. All of the shares have equal voting rights.  This figure 78,371,455 represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), detailed information about the individual purchases made by Peel Hunt on the Company's behalf is set out in the schedule below.

For further information:

Telecom Plus PLC	Tel : [phone]
David Baxter
Peel Hunt LLP	Tel : [phone]
Dan Webster
George Sellar

Schedule of Purchases - Individual Transactions

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Trading venue
11000	1140	08:24:35	LSE

 

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