21 Aug 2018 07:00
AdEPT Telecom PLC
("AdEPT" or the "Company")
Issue of share options
The Company has today issued a total of 200,000 options (100,000 each) over ordinary shares of 10p each at an exercise price of 353p to the Managing Directors of Our IT Department Limited and Atomwide Limited in accordance with the resolution approved by shareholders at the 2017 AGM. The issue of these options is to further align the interest of senior employees with those of shareholders and promote the retention of the Company's senior management team.
Following the award, the share options which remain outstanding under the Company share option schemes at the date of this announcement are:
Option scheme | Options at 31 March 2018 | Option price | Date of grant | |
I Fishwick | EMI | 129,440 | 222p | 1 March 2016 |
J Swaite | EMI | 64,720 | 222p | 1 March 2016 |
R Wilson | EMI | 29,660 | 222p | 1 March 2016 |
D Lukic | Unapproved | 16,180 | 222p | 1 March 2016 |
R Burbage | Unapproved | 100,000 | 238p | 31 October 2016 |
R Burbage | Unapproved | 52,500 | 238p | 31 October 2016 |
I Fishwick | Unapproved | 140,000 | 335p | 2 August 2017 |
J Swaite | Unapproved | 100,000 | 335p | 2 August 2017 |
D Bealing | Unapproved | 100,000 | 353p | 20 August 2018 |
A Foster | Unapproved | 100,000 | 353p | 20 August 2018 |
Director Disclosure
The Company announces in accordance with AIM Rule 17 of the AIM Rules for Companies that it has been informed by Dusko Lukic, a Non-Executive Director of the Company, that Millpath Limited, a private company of which Dusko Lukic is a director, is in compulsory liquidation.
AdEPT Telecom plc has no relationship to Millpath Limited and the Board of the Company do not consider this disclosure has any impact on Dusko's ability as a Non-Executive Director of the Company.
For more information please 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 - Tom Price/Edward Hutton Broking - Rob Rees |
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 Openreach, BT Wholesale, 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