24th Apr 2025 13:25
24 April 2025
Concurrent Technologies Plc
(the "Company" or the "Group")
Exercise of Options, Director Dealing and TVR
Concurrent Technologies PLC (AIM: CNC), a designer and manufacturer of leading-edge computer products, systems and mission critical solutions used in high-performance markets by some of the world's major OEMs, announces that on 22 April 2025 and 23 April 2025, a total of 524,085 new Ordinary Shares (the "Ordinary Shares") were issued pursuant to the exercise of options (the "Exercise") by certain Directors and employees under the Company's Long Term Incentive Plan.
Further to the Exercise, the Company notifies that certain Directors and PDMRs have sold Ordinary Shares in the Company in order to cover tax liabilities and costs arising from the exercise of the share options (the "Sale" and, together with the Exercise, the "Transaction"). Further details of the Exercise and subsequent Sale are detailed below:
Individual | Role | Total Ordinary Shares held prior to the Transaction | Share Options Exercised | Ordinary Shares Sold | Total Ordinary Shares held subsequent to the Transaction | Total interest in the enlarged issued share capital |
Miles Adcock | Chief Executive Officer | 61,538 | 288,235 | 136,806 | 212,967 | 0.25% |
Kim Garrod | Chief Financial Officer | 15,000 | 153,061 | 72,693 | 95,368 | 0.11% |
Brent Salgat | Chief Revenue Officer | 110,000 | 82,789 | 21,789 | 171,000 | 0.20% |
Total Voting Rights
In order to satisfy the Exercise, the Company has transferred 381,522 Ordinary Shares out of treasury and has issued 142,563 new Ordinary Shares (the "New Ordinary Shares"). Accordingly, the Company holds nil Ordinary Shares in treasury. Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective, and that dealings in the New Ordinary Shares will commence at 8.00 a.m. BST on 29 April 2025. Following the issue of the New Ordinary Shares the total number of Ordinary Shares with voting rights is 86,311,799. This figure of 86,311,799 Ordinary Shares may be used by Company's shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Concurrent Technologies Plc under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
Concurrent Technologies Plc Miles Adcock - CEO Kim Garrod - CFO |
+44 (0)1206 752626 |
Alma Strategic Communications Josh Royston Hannah Campbell |
+44 (0)20 3405 0205
|
Cavendish Capital Markets Limited (NOMAD) Neil McDonald Peter Lynch
| +44 (0)131 220 9771 +44 (0)131 220 9772 |
About Concurrent Technologies Plc
Concurrent Technologies Plc develops and manufactures high-end embedded Plug In Cards and Systems for use in a wide range of high performance, long life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel® processors, including the latest generation embedded Intel® Core™ processors, Intel® Xeon® and Intel Atom™ processors. The products are designed to be compliant with industry specifications and support many of today's leading embedded Operating Systems. The products are sold world-wide.
For more information on Concurrent Technologies Plc and its products please visit https://concurrent.tech.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||
a) | Name | Miles Adcock | ||||||||||
2. | Reason for the Notification | |||||||||||
a) | Position/status | Chief Executive Officer | ||||||||||
b) | Initial notification/amendment | Initial notification | ||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||
a) | Name | Concurrent Technologies Plc | ||||||||||
b) | LEI | 213800422HXP2X6UPD94 | ||||||||||
4. | 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 | |||||||||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1 pence each | ||||||||||
Identification code | GB0002183191 | |||||||||||
b) | Nature of the Transaction | 1. Exercise of Options 2. Sale of Ordinary Shares | ||||||||||
c) | Price(s) and volume(s) |
| ||||||||||
d) | Aggregated information Aggregated volume price | N/A | ||||||||||
e) | Date of the transaction | 22 April 2025 | ||||||||||
f) | Place of the transaction | AIM, London Stock Exchange | ||||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||
a) | Name | Brent Salgat | ||||||||||
2. | Reason for the Notification | |||||||||||
a) | Position/status | Chief Revenue Officer & Executive Director | ||||||||||
b) | Initial notification/amendment | Initial notification | ||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||
a) | Name | Concurrent Technologies Plc | ||||||||||
b) | LEI | 213800422HXP2X6UPD94 | ||||||||||
4. | 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 | |||||||||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1 pence each | ||||||||||
Identification code | GB0002183191 | |||||||||||
b) | Nature of the Transaction | 1. Exercise of Options 2. Sale of Ordinary Shares | ||||||||||
c) | Price(s) and volume(s) |
| ||||||||||
d) | Aggregated information Aggregated volume price | N/A | ||||||||||
e) | Date of the transaction | 23 April 2025 | ||||||||||
f) | Place of the transaction | AIM, London Stock Exchange | ||||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||
a) | Name | Kim Garrod | ||||||||||
2. | Reason for the Notification | |||||||||||
a) | Position/status | Chief Financial Officer | ||||||||||
b) | Initial notification/amendment | Initial notification | ||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||
a) | Name | Concurrent Technologies Plc | ||||||||||
b) | LEI | 213800422HXP2X6UPD94 | ||||||||||
4. | 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 | |||||||||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1 pence each | ||||||||||
Identification code | GB0002183191 | |||||||||||
b) | Nature of the Transaction | 1. Exercise of Options 2. Sale of Ordinary Shares | ||||||||||
c) | Price(s) and volume(s) |
| ||||||||||
d) | Aggregated information Aggregated volume price | N/A | ||||||||||
e) | Date of the transaction | 22 April 2025 | ||||||||||
f) | Place of the transaction | AIM, London Stock Exchange | ||||||||||
Related Shares:
Concurrent Technologies