REG - Concurrent Tech. - Director/PDMR Shareholding

Concurrent TechnologiesAnnouncement

14/02/2020 18:10

RNS Number : 1244D
Concurrent Technologies PLC
14 February 2020
 


14 February 2020
 
Concurrent Technologies Plc
(the 'Company')
 
Director / PDMR Shareholding
 
Concurrent Technologies Plc announces that its Chairman, Michael Collins, has gifted 1,000,000 Ordinary Shares in the Company into a trust, the trustees of which are Jennifer Eve Robson Collins (wife) and Amy Louise Robson Marsh (daughter), and which is established for the benefit of his wife Jennifer Collins and his children and their descendants. Before the gift into trust Michael Collins held 4,443,287 Ordinary Shares, representing 6.01% of the issued share capital of the Company. Following this transfer Michael Collins holds 3,443,287 Ordinary Shares, representing 4.66% of the issued share capital of the Company. However, the shares gifted into trust will continue to be considered to be an interest of Michael Collins as a director for accounting purposes and will thus for that purpose be aggregated with his remaining shareholding back to his previous shareholding of 4,443,287 Ordinary Shares.
 
 
Enquiries:
 



Concurrent Technologies Plc
 Jane Annear, Managing Director/CEO


 
+44 (0)1206 752626




 


 




Newgate (Financial PR)
 Bob Huxford
Isabelle Smurfit


 
+44 (0)20 7653 9848

+44 (0)20 3757 3411




 


 




Cenkos Securities Plc (NOMAD)
 Neil McDonald
Peter Lynch




+44 (0)131 220 9771
+44 (0)131 220 9772



 



1.


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Michael Collins




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


Gift to Family Trust
 




c)


Price(s) and volume(s)





Price(s)


Volume(s)




0 (nil) pence


1,000,000 ordinary shares


















d)


Aggregated information
Aggregated volume price


1,000,000 ordinary shares
 
£0.00 (nil)
 




e)


Date of the transaction


13 February 2020
 




f)


Place of the transaction


London Stock Exchange, AIM (LON:CNC)
 



 
 
Note to Editors:
 
About Concurrent Technologies Plc
 
Concurrent Technologies Plc develops and manufactures high-end embedded computer products 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 9th 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.
 
All trademarks, registered trademarks and trade names used in this announcement are the property of their respective owners.
 
 




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