14 February 2020
Concurrent Technologies Plc
(the 'Company')
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:
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Concurrent Technologies Plc |
+44 (0)1206 752626 |
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Newgate (Financial PR) Isabelle Smurfit |
+44 (0)20 7653 9848 |
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Cenkos Securities Plc (NOMAD) Peter Lynch |
+44 (0)131 220 9772 |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Michael Collins |
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2. |
Reason for the Notification |
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a) |
Position/status |
Director |
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b) |
Initial notification/amendment |
Initial notification
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Concurrent Technologies plc |
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b) |
LEI |
213800422HXP2X6UPD94 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of 1 pence each |
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Identification code |
GB0002183191 |
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b) |
Nature of the Transaction |
Gift to Family Trust
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information Aggregated volume price |
1,000,000 ordinary shares
£0.00 (nil)
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e) |
Date of the transaction |
13 February 2020
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f) |
Place of the transaction |
London Stock Exchange, AIM (LON:CNC)
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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.