Concurrent Tech. - Director Share Dealing

Concurrent Technologies

28/02/2025 07:00

RNS Number : 7962Y

Concurrent Technologies PLC

28 February 2025

 

28 February 2025

Concurrent Technologies Plc

(the "Company" or the "Group")

Director Share Dealing

 

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 Brent Salgat, Director & Chief Revenue Officer, has sold 40,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at an average price of 166.8p to cover associated tax liabilities from his exercise of 150,000 share options, as notified on 13th September 2024.

 

Following the sale of the Ordinary Shares, Mr Salgat has a total interest in 110,000 Ordinary Shares, representing 0.13 per cent of the Company's issued share capital.

 

Enquiries:

 

Concurrent Technologies PlcMiles Adcock - CEO
Kim Garrod - CFO
+44 (0)1206 752626
Alma Strategic CommunicationsJosh 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 www.gocct.com.

 

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
Exercise of Options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
167 pence
30,000 ordinary shares
US$2.10 (166.48 pence)
10,000 ordinary shares
d)
Aggregated information
Aggregated volume price
N/A - Single Transaction
e)
Date of the transaction
26 February 2025
f)
Place of the transaction
AIM, London Stock Exchange

 

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