Last checked at 24 Oct 2023 07:00
24 October 2023
Concurrent Technologies Plc
(the 'Company')
Director/PDMR Dealing - Issue of Share Options
The Board of Concurrent Technologies Plc (AIM: CNC) announces that on 23 October 2023, the Company granted share options of 2,265,520 ordinary shares of 1p each in the share capital of the Company (the "Share Options").
Of the Share Options granted, 638,627 Share Options were granted to Directors as shown in the table below:
Name | Position | Number of Share Options |
Miles Adcock | Chief Executive Officer | 393,306 |
Kim Garrod | Chief Financial Officer | 117,463 |
Brent Salgat | President, Concurrent Technologies Inc. | 127,858 |
A further 263,724 Share Options were granted to six employees of the Company, none of whom are considered to be PDMRs, and a further 1,363,169 Share Options were to two key employees of the Phillips Aerospace acquisition announced on 6 September 2023.
All the Share Options are granted under the Concurrent Technologies PLC Long Term Incentive Plan and have an exercise price of 1 pence and are subject to performance conditions linked to the increase in basic earnings per Ordinary Share for the complete years commencing with 1st January 2024 and ending with the year ending 31st December 2026.
Enquiries:
Concurrent Technologies Plc Miles Adcock - CEO Kim Garrod - CFO |
+44 (0)1206 752626 |
Newgate (Financial PR) Bob Huxford Isabelle Smurfit |
+44 (0)20 7653 9848+44 (0)20 3757 3411 |
Cavendish Securities Plc (NOMAD) Neil McDonald Peter Lynch | +44 (0)131 220 9771 +44 (0)131 220 9772 |
Note to Editors:
About Concurrent Technologies Plc
Concurrent Technologies Plc develops and manufactures high-end embedded Plug In Cards and Systems 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 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.
Director / PDMR Notification
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Miles Adcock | |
2. | Reason for the Notification | ||
a) | Position/status | Director | |
b) | Initial notification/amendment | Initial notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Concurrent Technologies Plc | |
b) | LEI | 213800422HXP2X6UPD94 | |
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 | Ordinary shares of 1 pence each | |
Identification code | GB0002183191 | ||
b) | Nature of the Transaction | Grant of Share Options under the Long Term Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1.0 pence | 393,306 ordinary shares | ||
d) | Aggregated information Aggregated volume price | N/A - Single Transaction | |
e) | Date of the transaction | 23 October 2023 | |
f) | Place of the transaction | Outside a trading venue | |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Brent Salgat | |
2. | Reason for the Notification | ||
a) | Position/status | Director | |
b) | Initial notification/amendment | Initial notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Concurrent Technologies Plc | |
b) | LEI | 213800422HXP2X6UPD94 | |
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 | Ordinary shares of 1 pence each | |
Identification code | GB0002183191 | ||
b) | Nature of the Transaction | Grant of Share Options under the Long Term Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1.0 pence | 127,858 ordinary shares | ||
d) | Aggregated information Aggregated volume price | N/A - Single Transaction | |
e) | Date of the transaction | 23 October 2023 | |
f) | Place of the transaction | Outside a trading venue | |
1. | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Kim Garrod | |
2. | Reason for the Notification | ||
a) | Position/status | Director | |
b) | Initial notification/amendment | Initial notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Concurrent Technologies Plc | |
b) | LEI | 213800422HXP2X6UPD94 | |
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 | Ordinary shares of 1 pence each | |
Identification code | GB0002183191 | ||
b) | Nature of the Transaction | Grant of Share Options under the Long Term Inventive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1.0 pence | 117,463 ordinary shares | ||
d) | Aggregated information Aggregated volume price | N/A - Single Transaction | |
e) | Date of the transaction | 23 October 2023 | |
f) | Place of the transaction | Outside a trading venue | |