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
Kim Garrod - CFO
|
+44 (0)1206 752626
|
|
Alma
Strategic Communications
Josh
Royston
Hannah Campbell
|
+44 (0)20 3405 0205
|
|
Cavendish Capital Markets Limited (NOMAD)
Neil McDonald
Peter Lynch
|
+44 (0)131 220 9771
+44 (0)131 220 9772
|
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.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
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Name
|
Brent Salgat
|
|
2.
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Reason for the Notification
|
|
a)
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Position/status
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Chief Revenue Officer &
Executive Director
|
|
b)
|
Initial
notification/amendment
|
Initial notification
|
|
3.
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
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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
|
|
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Identification code
|
GB0002183191
|
|
b)
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Nature of the Transaction
|
Exercise of Options
|
|
c)
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Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
39 pence
|
150,000 ordinary shares
|
|
d)
|
Aggregated information
Aggregated volume price
|
N/A - Single Transaction
|
|
e)
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Date of the transaction
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9 September 2024
|
|
f)
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Place of the transaction
|
AIM, London Stock
Exchange
|