Last checked at 28 Oct 2022 07:00
28th October 2022
Concurrent Technologies Plc
(the 'Company')
Issue of Share options and PDMR dealing
The Board of Concurrent Technologies Plc (AIM:CNC) announces that, on 28th October 2022, the Company granted share options (the "Share Options") over 757,748 ordinary shares of 1p each in the share capital of the Company to nine employees, including certain persons discharging managerial responsibilities, as detailed below.
The Share Options have been granted under the Concurrent Technologies PLC Long Term Incentive Plan, have an exercise price of 1 pence and are subject to performance conditions linked to the basic earnings per Ordinary Share for each of the three years commencing on 1 January 2023.
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 |
Cenkos 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 designs and manufactures a range of computing products for use in critical embedded applications. The Company was established in 1985 with the majority of products being high performance Single Board Computers (SBC's) based on Intel® CPU technology. More recently the product range has expanded to include other Plug in Cards in addition to SBC's, as well as offering System level products and capability.
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.
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 | 326,136 ordinary shares | ||
d) | Aggregated information Aggregated volume price | N/A - Single Transaction | |
e) | Date of the transaction | 28 October 2022 | |
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 | 114,377 ordinary shares | ||
d) | Aggregated information Aggregated volume price | N/A - Single Transaction | |
e) | Date of the transaction | 28 October 2022 | |
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 | 97,403 ordinary shares | ||
d) | Aggregated information Aggregated volume price | N/A - Single Transaction | |
e) | Date of the transaction | 28 October 2022 | |
f) | Place of the transaction | Outside a trading venue | |