REG - Concurrent Tech. - Exercise of Share Options and Total Voting Rights

Concurrent TechnologiesAnnouncement

13/09/2024 10:45

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RNS Number : 1465E  Concurrent Technologies PLC  13 September 2024

13 September 2024

Concurrent Technologies Plc

(the "Company" or the "Group")

Exercise of Share Options, PDMR Dealing, Transaction in Own Shares and Total
Voting Rights

 

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 exercised share
options ("Share Options") over 150,000 ordinary shares of 1 pence each in the
Company ("Ordinary Shares") at a price of 39 pence per Ordinary Share. To
satisfy the exercise of the Share Options 150,000 Ordinary Shares have been
transferred out of treasury.

 

The Share Options were granted in 2015 under the Enterprise Management
Incentive Scheme 2000 and became exercisable following the satisfaction of
certain performance criteria. Following the exercise, Mr Salgat as a total
interest in 150,000 Ordinary Shares, representing 0.17 per cent of the
enlarged share capital.

 

Total Voting Rights

 

Following the exercise of the Share Options, the Company has transferred
150,000 Ordinary Shares out of treasury. Accordingly, the Company holds
381,522 Ordinary Shares in treasury and its total number of Ordinary Shares
with voting rights is 85,787,714. This figure of 85,787,714 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 www.gocct.com (http://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)
     39 pence                                                                                  150,000 ordinary shares
 d)  Aggregated information                                       N/A - Single Transaction

     Aggregated volume price
 e)  Date of the transaction                                      9 September 2024
 f)  Place of the transaction                                     AIM, London Stock Exchange

 

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