28 Feb 2018 13:32
AdEPT Telecom plc
("AdEPT" or the "Company")
Director increases shareholding
AdEPT (AIM: ADT), one of the UK's leading independent providers of managed services for IT, unified communications, connectivity and voice solutions, has been notified that Christopher Kingsman (Non-Executive Director) has today increased his shareholding in the Company following the purchase of 800,000 ordinary shares of 10p each ("Ordinary Shares") by Greenwood Investments Limited at a price of 305p per Ordinary Share.
Following the purchase, Mr Kingsman is interested in 5,049,357 Ordinary Shares held via Greenwood Investments Limited, representing approximately 21.3 per cent. of the current issued share capital of the Company.
The 800,000 Ordinary Shares (representing approximately 3.4 per cent. of the issued share capital of the Company) were sold on behalf of the beneficiaries to the estate of Christopher Fishwick. Their revised interests in the Company's shares subsequent to the sale are set out below:
Resultant shareholding | |||
Ordinary Shares sold | Ordinary Shares | % of issued share capital | |
Fishwick Estate | 800,000 | 3,735,400 | 15.8% |
Shelley Fishwick | - | 450,000 | 1.9% |
Total | 800,000 | 4,185,400 | 17.7% |
For further information on AdEPT Telecom, please visit www.adept.co.uk or contact:
AdEPT Telecom Plc Roger Wilson, Chairman Ian Fishwick, Chief Executive John Swaite, Finance Director
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07786 111 535 01892 550 225 01892 550 243
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Northland Capital Partners Limited Nominated Adviser Edward Hutton/Tom Price
Broking John Howes |
020 3861 6625 |
About AdEPT Telecom plc:
AdEPT Telecom plc is one of the UK's leading independent providers of managed services for IT, unified communications, connectivity and voice solutions. The Company provides a complete communications portfolio of unified communications, IP telephony, IT services, equipment installation, managed services, Wi-Fi, IT and communications hardware and data connectivity products. AdEPT's tailored services are used by thousands of customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as BT Openreach, Vodafone, Virgin Media, Avaya, Microsoft, Dell and Apple.
AdEPT is listed on the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept.co.uk
The notification below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Christopher Kingsman | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Director | ||||
b) | Initial notification/ Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | AdEPT Telecom Plc | ||||
b) | LEI | 213800T1WNDEXVBGMP93 | ||||
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 Identification code | Ordinary Shares of 10p each GB00B0WY3Y47 | ||||
b) | Nature of the transactions | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A
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e) | Date of the transaction | 28 February 2018 | ||||
f) | Place of the transaction | London Stock Exchange | ||||