REG - Concurrent Tech. - Exercise of Options, Director Dealing and TVR

Concurrent TechnologiesAnnouncement

24/04/2025 13:30

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RNS Number : 0945G  Concurrent Technologies PLC  24 April 2025

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

                                          +44 (0)1206 752626
 Kim Garrod - CFO
 Alma Strategic Communications
 Josh Royston

                                          +44 (0)20 3405 0205
 Hannah Campbell

 Cavendish Capital Markets Limited (NOMAD)  +44 (0)131 220 9771
 Neil McDonald

                                          +44 (0)131 220 9772
 Peter Lynch

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 (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)                                       Transaction  Price      Volume
                                                                  1      1 pence    288,235 Share Options
                                                                  2      158 pence  136,806 Ordinary Shares

 d)  Aggregated information                                       N/A

     Aggregated volume price
 e)  Date of the transaction                                      22 April 2025
 f)  Place of the transaction                                     AIM, London Stock Exchange

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)                                       Transaction  Price      Volume
                                                                  1      1 pence    82,789 Share Options
                                                                  2      160 pence  21,789 Ordinary Shares

 d)  Aggregated information                                       N/A

     Aggregated volume price
 e)  Date of the transaction                                      23 April 2025
 f)  Place of the transaction                                     AIM, London Stock Exchange

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)                                       Transaction  Price      Volume
                                                                  1      1 pence    153,061 Share Options
                                                                  2      158 pence  72,693 Ordinary Shares

 d)  Aggregated information                                       N/A

     Aggregated volume price
 e)  Date of the transaction                                      22 April 2025
 f)  Place of the transaction                                     AIM, London Stock Exchange

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

 

 

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