Telecom Plus Leadership Cluster Buys Over £4M in Company Shares

Telecom Plus PLC (TEP:LN) is a leading UK-based multi-utility provider offering gas, electricity, broadband, mobile, and home services under the Utility Warehouse brand. The company operates on a unique multi-utility model, providing bundled services to residential customers through a network of independent distributors. As of late June 2026, the company has a market capitalization of approximately £590 million.

The Purchases in Detail

Insider activity at Telecom Plus was exceptionally strong on June 23, 2026, with the Chairman, CEO, and CFO making significant open-market purchases totaling around £4.1 million:

• Charles Wigoder (Chairman) purchased 500,000 ordinary shares at £7.103 per share for £3.548 million, increasing his holdings to 9.132 million shares.

• Stuart Burnett (CEO) made two purchases on the same day totaling 49,785 shares for approximately £349,909.

• Nick Schoenfeld (CFO) bought 27,973 shares at £7.079 per share for £197,847.

The scale of these purchases, particularly Chairman Charles Wigoder’s £3.55 million buy, signals very strong internal conviction. As a long-serving Chairman and major shareholder, Wigoder’s actions carry significant weight. CEO Stuart Burnett and CFO Nick Schoenfeld also adding meaningful personal capital further reinforces leadership alignment and confidence in the company’s strategy and valuation.

Market Backdrop

Telecom Plus has been navigating the challenging UK energy market, benefiting from customer demand for bundled utility services amid cost-of-living pressures. The company continues to focus on customer growth, distributor network expansion, and operational efficiency.

The major insider cluster buy on June 23 comes as the stock has faced some pressure, creating what leadership clearly views as an attractive entry point.

Overall, this large-scale insider cluster buy, especially the Chairman’s £3.55 million purchase, is a very strong positive signal, reflecting high internal confidence in Telecom Plus’s current valuation and future prospects.