Concurrent Technologies Plc
(the 'Company')
Concurrent Technologies Plc (AIM: CNC) advises that it has transferred a total of 105,000 ordinary shares of 1p each ("Ordinary Shares") from Treasury in order to satisfy the exercise of share options.
After this transfer, the Company's total issued share capital consists of 73,900,012 Ordinary Shares, of which 226,522 are held in Treasury. Therefore, the total number of the Company's Ordinary Shares with voting rights is 73,673,490.
This figure of 73,673,490 may be used by shareholders as the denominator for calculations to determine if they have a notifiable interest in the Company under the FCA's Disclosure and Transparency Rules, or if such interest has changed.
A tranche of these transfers from Treasury related to the exercise by Mr David Evans-Hughes, Engineering Director, of options in respect of 75,000 Ordinary Shares at 39 pence each on 8 June 2020. Following completion of this transaction, Mr Evans-Hughes has an interest in 912,951 ordinary shares, representing 1.2% of the issued share capital of the Company.
The Company also announces that it has been notified that Ms Jane Annear, Managing Director, has sold 150,000 ordinary shares at 108 pence per share on 9 June 2020.
This sale is to cover the cost, tax and expenses relating to the exercise of 400,000 share options which was announced on 27 May 2020.
Following completion of the exercise of share options and this sale, Ms Annear's retains an interest of 2,105,096 ordinary shares, an increase of 250,000 shares since the beginning of the year, and which represents 2.8% 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 |
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.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
David Evans-Hughes |
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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 |
Exercise of Options |
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c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
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39 pence |
75,000 ordinary shares |
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d) |
Aggregated information Aggregated volume price |
N/A - Single Transaction |
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e) |
Date of the transaction |
8 June 2020 |
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f) |
Place of the transaction |
London Stock Exchange, AIM (LON:CNC) |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Jane Annear |
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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 |
Sale |
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c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
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108 pence |
150,000 ordinary shares |
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d) |
Aggregated information Aggregated volume price |
N/A - Single Transaction |
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e) |
Date of the transaction |
9 June 2020 |
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f) |
Place of the transaction |
London Stock Exchange, AIM (LON:CNC) |
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