REG - Concurrent Tech. - Director/PDMR Dealing - Issue of Share Options

Concurrent TechnologiesAnnouncement

24/10/2023 07:00

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RNS Number : 0213R  Concurrent Technologies PLC  24 October 2023

24 October 2023

 

Concurrent Technologies Plc

(the 'Company')

 

Director/PDMR Dealing - Issue of Share Options

 

The Board of Concurrent Technologies Plc (AIM: CNC) announces that on 23
October 2023, the Company granted share options of 2,265,520 ordinary shares
of 1p each in the share capital of the Company (the "Share Options").

Of the Share Options granted, 638,627 Share Options were granted to Directors
as shown in the table below:

 Name          Position                                 Number of Share Options
 Miles Adcock  Chief Executive Officer                  393,306
 Kim Garrod    Chief Financial Officer                  117,463
 Brent Salgat  President, Concurrent Technologies Inc.  127,858

A further 263,724 Share Options were granted to six employees of the Company,
none of whom are considered to be PDMRs, and a further 1,363,169 Share Options
were to two key employees of the Phillips Aerospace acquisition announced on 6
September 2023.

All the Share Options are granted under the Concurrent Technologies PLC Long
Term Incentive Plan and have an exercise price of 1 pence and are subject to
performance conditions linked to the increase in basic earnings per Ordinary
Share for the complete years commencing with 1(st) January 2024 and ending
with the year ending 31(st) December 2026.

 

Enquiries:

 

 Concurrent Technologies Plc
 Miles Adcock - CEO

                                 +44 (0)1206 752626
 Kim Garrod  - CFO

 Newgate (Financial PR)
 Bob Huxford

                                 +44 (0)20 7653 9848
 Isabelle Smurfit
+44 (0)20 3757 3411

 Cavendish Securities Plc (NOMAD)  +44 (0)131 220 9771
 Neil McDonald

                                 +44 (0)131 220 9772
 Peter Lynch

 

Note to Editors:

 

 

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 (http://www.gocct.com) .

All trademarks, registered trademarks and trade names used in this
announcement are the property of their respective owners.

 

 Director / PDMR Notification

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Miles Adcock
 2.  Reason for the Notification
 a)  Position/status                                              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                                    Grant of Share Options under the Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)                       Volume(s)
     1.0 pence                                                                                   393,306 ordinary shares
 d)  Aggregated information                                       N/A - Single Transaction

     Aggregated volume price
 e)  Date of the transaction                                      23 October 2023
 f)  Place of the transaction                                     Outside a trading venue

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Brent Salgat
 2.  Reason for the Notification
 a)  Position/status                                              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                                    Grant of Share Options under the Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)                       Volume(s)
     1.0 pence                                                                                   127,858 ordinary shares
 d)  Aggregated information                                       N/A - Single Transaction

     Aggregated volume price
 e)  Date of the transaction                                      23 October 2023
 f)  Place of the transaction                                     Outside a trading venue

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Kim Garrod
 2.  Reason for the Notification
 a)  Position/status                                              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                                    Grant of Share Options under the Long Term Inventive Plan
 c)  Price(s) and volume(s)                                       Price(s)                       Volume(s)
     1.0 pence                                                                                   117,463 ordinary shares
 d)  Aggregated information                                       N/A - Single Transaction

     Aggregated volume price
 e)  Date of the transaction                                      23 October 2023
 f)  Place of the transaction                                     Outside a trading venue

 

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