Director/PDMR Shareholding

RNS Number : 4951D

Toople PLC

19 February 2020

 

Toople PLC

("Toople" or the "Company")

Director/PDMR Dealing

The Board of Toople, a provider of bespoke telecom services to UK SMEs, announces that it has received the following notification that Richard Horsman, Chairman of the Company, sold 41,666,680 ordinary shares of 0.0667p each ("Ordinary Shares") at a price of 0.95 pence and bought, into his wife's ISA, 21,000,000 Ordinary Shares at a price of 0.951 pence per Ordinary Share and, into his personal ISA, 20,666,680 Ordinary Shares at a price of 0.951 pence per Ordinary Share (the "Transfer").

Following the Transfer, Mr Horsman's beneficial interest in the Company remains the same at 70,166,680 Ordinary Shares representing approximately 1.99 per cent. of the Company's issued share capital.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

-ends-

For further information please visit www.Toople.com or contact:

Toople PLC Andy Hollingworth, Chief Executive Officer Kevin Lawrence, Chief Financial Officer	Tel: [phone]
Cairn Financial Advisers LLP Sandy Jamieson/Tony Rawlinson/Ludovico Lazzaretti	Tel: [phone]
Novum Securities Limited David Coffman	Tel: [phone]
Turner Pope Investments Limited Andy Thacker / Zoe Alexander	Tel: [phone]
Belvedere Communications John West / Llew Angus	Tel: [phone]

Notes to editors:

Toople PLC, a company incorporated in the UK provides a range of telecoms services primarily targeted at the UK SME market. Services offered by the Group include business broadband, fibre, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and Traditional Services (calls and lines) all of which are delivered and managed through Merlin, the Group's proprietary software platform.

The Group is differentiated by its focus on creating small business connectivity solutions, with robust and reliable packages that will enhance our customer's companies. In addition, our vision is based on trust and transparency, with no hidden fees within our pricing policy providing customers with a clear understanding of cost.

Toople Plc has a strong and highly experienced Board and management team who are focused on growing the business both organically and by identifying earnings enhancing strategic acquisition opportunities.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Richard Horsman
2	Reason for 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	Toople Plc
b.	LEI	213800P3DSCKSEHPU161
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 0.0667p each ISIN: GB00BZ8TP087
b.	Nature of the transaction	Transfer to ISA
c.	Price(s) and volume(s)
			Price(s) per share	Volume(s)
			0.95p	41,666,680
			0.951p	41,666,680
d.	Aggregated information - Aggregated Volume - Price	41,666,680 ordinary shares of 0.0667 pence (sold) at 0.95 pence per ordinary share 41,666,680 ordinary shares of 0.0667 pence (bought) at 0.951 pence per ordinary share
e.	Date of the transaction	19 February 2020
f.	Place of the transaction	London Stock Exchange - Standard Listing

 

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