Concurrent Technologies Share News (CNC)

IN BRIEF: Concurrent Technologies retail share offer oversubscribed

Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards - Raises GBP300,000 from retail offer of new shares at 65 pence each. The 461,538 shares taken up by retail investors is added to 10.0 million placing shares, which raised GBP6.5 million at the same price. The fund raise was conducted to support a conditional agreement to buy Phillips Machine & Welding Co Inc for USD3.4 million, which Concurrent had announced last week. The company also will issue 1.8 million in consideration shares for the purchase, bringing total new shares to 12.3 million. As the retail offer was oversubscribed, existing shareholders received 67% of their application.

UK shareholder meetings calendar - next 7 days

Concurrent Technologies buys Phillips Machine; unveils fundraise

(Alliance News) - Concurrent Technologies PLC on Wednesday said it has entered into a conditional agreement to buy Phillips Machine & Welding Co Inc for USD3.4 million.

Concurrent Technologies ships new version of flagship plug-in card

(Alliance News) - Concurrent Technologies PLC on Tuesday said it has engineered and now shipped a new version of a flagship 3U VPX plug-in card.

TRADING UPDATES: MaxCyte strikes deal; Barkby sells Workshop

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

AIM WINNERS & LOSERS: Searchlight puts Gresham House in spotlight

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Concurrent shares surge as it expects "record" first half revenue

(Alliance News) - Concurrent Technologies PLC on Monday said it expects profit to multiply in the first half of 2023 from a year earlier, as revenue is believed to reach record levels for the computer boards designer and manufacturer.

Concurrent annual profit and revenue falls in "tough year" for sector

(Alliance News) - Concurrent Technologies PLC said on Friday that its annual profit had fallen and its revenue was down due to constraints of component supplies.

Concurrent Technologies confident for 2023; delays full-year results

(Alliance News) - Concurrent Technologies PLC on Monday said it looks ahead with confidence, despite noting a delay in its 2022 results.

Concurrent secures GBP1.3 million contract with unnamed FTSE 250 firm

(Alliance News) - Concurrent Technologies PLC on Monday said it secured a contract with an unnamed FTSE 250 firm to supply a custom set of embedded systems for a national defence installation.

IN BRIEF: Concurrent Technologies signs distribution deal with SoC-e

Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards - Signs a distribution agreement with SoC-e, which will allow it to offer SoC-e's portfolio of Relyum advanced networking solutions to UK and US markets. Says deal further strengthens its position in the delivery of cutting-edge solutions for the aerospace and defence sectors. SoC-e, whose full name is System-on-Chip Engineering SL, is a Biscay, Spain-based supplier of ethernet communication equipment.

Concurrent Technologies agrees reconfigurable processors reseller deal

(Alliance News) - Concurrent Technologies PLC on Tuesday said it entered into a reseller agreement with Alpha Data Parallel Systems Ltd to include its range of reconfigurable processors within Concurrent Technologies' system products.

Concurrent Technologies expects 2022 revenue ahead of expectations

(Alliance News) - Concurrent Technologies PLC on Wednesday said it expects 2022 revenue to be around 10% ahead of market expectations.

Concurrent Technologies FY revenues seen ahead of expectations

(Sharecast News) - Manufacturer Concurrent Technologies said on Wednesday that it expects full-year revenues to be roughly 10% ahead of market expectations, while pre-tax profits were pegged to be "at least" in line with estimates.

TRADING UPDATES: HeiQ increases stake in Chrisal; Safestyle names CEO

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: