KCOM Group PLC Employee Benefit Trust Dealing (4442X)
November 19 2014 - 6:27AM
UK Regulatory
TIDMKCOM
RNS Number : 4442X
KCOM Group PLC
19 November 2014
KCOM GROUP PLC
EMPLOYEE BENEFIT TRUST DEALING
19.11.2014
KCOM Group PLC (the "Company") was notified yesterday that
Praxis Trustees Limited, as a trustee of the Kingston
Communications 2000 Employee Shares Trust (the "Trust"), has
purchased 850,000 ordinary shares of 10 pence each of the Company
at an average price of 93.13 pence per share.
The purchases were made in order to cover the share scheme
obligations of the Trust and have been funded by the Company.
The Trust now owns 1,039,112 ordinary shares of 10p each,
representing 0.20% of the Company's issued share capital and voting
rights. These shares will be held in trust until they vest;
therefore the purchase of these shares does not reduce the share
capital in issue.
The Company has the following additional obligation to the Trust
to satisfy share scheme vesting this financial year, in addition to
the on-going monthly Share Incentive Plan obligations:
-- 0.9 million shares in March 2015.
In the event of any queries, please contact Kathy Smith, Company
Secretary on 01924 882501.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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