The Company was notified on 17 May 2019, that on that date Mark Townsend, a director of the Company, exercised options over 409 ordinary shares of 1p each ("Ordinary Shares") in the capital of the Company at an exercise price of 1p per Ordinary Share, representing 0.003 per cent of Maintel's issued share capital as enlarged by the new Ordinary Shares.
Following the above transaction, Mr Townsend has an interest in 881 Ordinary Shares representing 0.006 per cent of the issued ordinary share capital of the Company.
Application has been made for the 409 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 22 May 2019 ("Admission"). The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
The total number of Ordinary Shares in issue following Admission will be 14,307,468; there are no Ordinary Shares held in treasury. Accordingly, the figure of 14,307,468 may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.
Details of the person discharging managerial responsibilities/person closely associated
Reason for the notification
Chief Financial Officer
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Maintel Holdings Plc
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
Description of the financial instrument, type of instrument:
Ordinary shares of 1p each
Nature of the transaction:
Exercise of options
Price(s) and volume(s):
· Aggregated volume:
Single transaction as in 4 c) above
Date of the transaction:
17 May 2019
Place of the transaction:
Off market transaction
Win Chime - Company Secretary 020 7401 4668
Jonny Franklin-Adams / Kate Bannatyne 020 7220 0500
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