10th Dec 2007 12:59
AdEPT Telecom plc10 December 2007 AdEPT Telecom plc ("Adept" or the "Company") Directors' Shareholding The Company was today notified that on 7 November 2007, the followingNon-Executive Directors acquired ordinary shares of 10p each in the Company("Ordinary Shares"): - Roger Wilson acquired 25,000 Ordinary Shares at an average price of 49 pence per share. Together with Mr. Wilson's existing holding in the Company, his shareholding is now 740,800 ordinary shares, representing 3.52% of the current issued share capital of the Company. - Mark Palios acquired 40,000 Ordinary Shares at an average price of 50 pence per share representing 0.19% of AdEPT's issued ordinary share capital. Prior to this purchase, Mr. Palios had no interest in the share capital of the Company. - Edward Williams acquired 10,000 Ordinary Shares at an average price of 47 pence per share. Together with Mr. Williams' existing holding in the Company, his shareholding is now 17,500 ordinary shares, representing 0.08% of the current issued share capital of the Company. ENDS For further information: EnquiriesAdEPT Telecom Roger Wilson Tel: 07786 111 535 Chairman Strand Partners Simon Raggett Tel: 020 7409 3494 Warren Pearce Cardew Group Tim Robertson Tel: 020 7930 0777 Shan Shan Willenbrock Notes for Editors: • AdEPT Telecom is a leading non-network, UK telecom company that provides fixed-line calls and line rental to business and residential customers in the UK. AdEPT Telecom is focused on growing the business by way of acquisition and has a proven M&A track record and an effective integration process. Since inception, it has completed and integrated 14 acquisitions, including the acquisition of Telecom Direct Limited acquired on 6 December 2007. The acquisition of Telecom Direct Limited will increase Adept's revenues by over 60%, positioning AdEPT as one of the UK's largest fixed line resellers. The Company also announced on 6 December 2007 that it had entered into a three year deal with CarphoneWarehouse which will provide AdEPT's customers with calls, line rental and broadband services and facilitate the introduction of a range of new converged products. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ADT.L