REG - Concurrent Tech. - Issue of Share Options and PDMR Dealing

Concurrent TechnologiesAnnouncement

26/09/2024 15:30

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RNS Number : 8655F  Concurrent Technologies PLC  26 September 2024

26 September 2024

 

Concurrent Technologies Plc

(the 'Company')

 

Issue of Share options and PDMR dealing

The Board of Concurrent Technologies Plc (AIM:CNC) announces that, on 25(th)
September 2024, the Company granted share options (the "Share Options") over
834,483 ordinary shares of 1p each in the share capital of the Company to 22
employees, including certain persons discharging managerial responsibilities,
as detailed below.

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 2025 and ending
with the year ending 31(st) December 2027.

 

Enquiries:

 Concurrent Technologies Plc

Miles Adcock - CEO

                                          +44 (0)1206 752626
 Kim Garrod - CFO

 Alma Strategic Communications              +44 (0)20 3405 0205

Josh Royston

 Hannah Campbell

 Will Merison

 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 (PICs) 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.concurrent.tech (http://www.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                                              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                                                                                   245,365 ordinary shares
 d)  Aggregated information                                       N/A - Single Transaction

     Aggregated volume price
 e)  Date of the transaction                                      25 September 2024
 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                                                                                   100,938 ordinary shares
 d)  Aggregated information                                       N/A - Single Transaction

     Aggregated volume price
 e)  Date of the transaction                                      25 September 2024
 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                                                                                   98,195 ordinary shares
 d)  Aggregated information                                       N/A - Single Transaction

     Aggregated volume price
 e)  Date of the transaction                                      25 September 2024
 f)  Place of the transaction                                     Outside a trading venue

 

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