LONDON, Sept. 20, 2004 (PRIMEZONE) --
20 September 2004
COLT TELECOM GROUP PLC
TONY BATES PURCHASES 100,000 COLT SHARES
COLT Telecom Group plc (COLT), a leading pan-European provider of
business communications solutions and services today announced that,
Tony Bates, Director and Chief Administrative Officer has
demonstrated his confidence in the future success of COLT by the
purchase of a beneficial holding of 100,000 COLT ordinary shares,
which represents 0.007% of the issued share capital of the Company.
In recognition of this investment, and subject to the approval of the
Compensation Committee, Tony Bates has been awarded a 1 for 2
matching share grant of 50,000 shares. Subject to performance
conditions being met, the grant will become unconditional after three
years.
50,000 of the shares were acquired on 17 September 2004 at 48.5 pence
per share and the balance of 50,000 were acquired today at 48 pence
per share.
This information is provided by RNS
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