Concurrent Technologies Plc
(the 'Company')
Concurrent Technologies Plc, a world leading specialist in the design and manufacture of high-end embedded computer products for critical applications in the defence, aerospace, telecommunications, transportation, scientific and industrial markets, announces that it has been notified that Concurrent Trust which is a PCA (Person Closely Associated) with Mr Michael Collins, Chairman, has sold 100,000 ordinary shares at 102.5 pence per share on 29 April 2020, the proceeds of this sale to be used to settle a tax liability.
Following completion of this transaction, Mr Collins retains a substantial interest of 4,343,287 ordinary shares, representing 5.9% of the issued share capital of the Company.
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 |
Concurrent Trust |
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2. |
Reason for the Notification |
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a) |
Position/status |
PCA with Michael Collins -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 |
Sale of Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information Aggregated volume price |
100,000 ordinary shares
£1.025 |
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e) |
Date of the transaction |
29 April 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.