8 Apr 2014 11:07
AdEPT Telecom plc
("AdEPT" or the "Company")
Director/PDMR shareholding
COO increases shareholding
AdEPT (AIM: ADT), a leading UK independent provider of award-winning telecommunications services for fixed line, mobile, data connectivity and VoIP, announces that Amanda Woodruffe, the Company's Chief Operating Officer, has increased her shareholding in the Company following the exercise of options over 130,000 shares at an exercise price of 42p per share ("New Ordinary Shares").
Application will be made to the London Stock Exchange for the New Ordinary Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM ("Admission"). Admission is expected to take place on 14th April 2014.
Amanda Woodruffe has subsequently sold 100,000 ordinary shares of 10p each ("Ordinary Shares") at a price of 125p per Ordinary Share to satisfy institutional demand and the associated tax obligations and option exercise costs. Following Admission and the subsequent sale, Amanda Woodruffe's interest in the Company has increased to 103,209 ordinary shares (representing approximately 0.46 per cent. of the enlarged issued ordinary share capital) and 371,708 share options.
Following Admission, the total number of ordinary shares in issue will be 22,069,603. The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company is 22,069,603. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
For further information on AdEPT Telecom, please visit www.adept-telecom.co.uk or contact:
AdEPT Telecom Plc
Roger Wilson, Chairman 07786 111 535
Ian Fishwick, Chief Executive 01892 550 225
John Swaite, Finance Director 01892 550 243
Northland Capital Partners Limited
Edward Hutton/Lauren Kettle 020 73821100
About AdEPT Telecom plc:
AdEPT Telecom plc is one of the UK's leading independent providers of voice and data telecommunications solutions. The Company provides a complete communications portfolio of fixed line calls, line rental, broadband, mobile, VoIP and data connectivity products.
AdEPT currently holds 3 Government Telecom Framework agreements: ESPO (local government), Crown Commercial Service (central government) and JANET (universities and colleges).
AdEPT's tailored services are used by thousands of businesses customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as BT Openreach, Vodafone, Virgin Media and TalkTalk Business.
AdEPT Telecom is listed on the London Stock Exchange (Ticker: ADT.L). For further information please visit: www.adept-telecom.co.uk