Less Ads, More Data, More Tools Register for FREE

Pin to quick picksConcurrent Technologies Regulatory News (CNC)

Share Price Information for Concurrent Technologies (CNC)

Share Price is delayed by 15 minutes
Get Live Data
272.50    21.50 (8.57%)
Bid:
270.00
Ask:
275.00
Spread: 5.00 (1.852%)
Market Cap: £247.54m
CNC Live PriceLast checked at - London Stock Exchange

Intraday Concurrent Technologies Share Chart

Trading Update

1 Jul 2016 07:00

RNS Number : 8184C
Concurrent Technologies PLC
01 July 2016
 

01 July 2016

Concurrent Technologies Plc

(the "Company")

Trading Update

Concurrent Technologies Plc (AIM: CNC), a world leading specialist in the design and manufacture of high-end embedded computer products for critical applications in the defence, aerospace, telecommunications, transportation, scientific and industrial markets, announces a trading update.

As a consequence of the recent changes in currency rates and the sharp decline in the value of sterling against the US dollar, the Company has conducted an additional review of its financial risk and trading plans. The majority of the Company's world-wide transactions are conducted in sterling and in US dollars. The value of transactions conducted by the Company in other currencies, including the Euro, is very low, and therefore these transactions have not been considered in this review. The Board is pleased to confirm that the Company's exposure to exchange risk is still mitigated to a large extent by the ability to offset receipts from sales against payments for purchases in the same currency (natural hedging) and confirms that it is still of the view that the outlook for this year as a whole remains good.

Enquiries:

Concurrent Technologies PlcGlen Fawcett, CEO

 

+44 (0)1206 752 626

Newgate (Financial PR)Bob Huxford

Robyn McConnachie

+44 (0)207 653 9850

Cenkos Securities plc (NOMAD)Neil McDonald

Nick Tulloch/Beth McKiernan

+44 (0)131 220 9771

+44 (0)131 220 9772/8

 

Note to Editors:

About Concurrent Technologies Plc

Concurrent Technologies Plc develops and manufactures high-end embedded computer products for use in a wide range of high performance applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets. Using mainly Intel® processors, including the latest generation Intel® Core™ i7 processors, Intel® Xeon® and Intel® Atom™ processors, the Company offers a wide range of computer products which are designed to be compliant with industry specifications including those for products used in extremely harsh environments. Other processors now include NVIDIA® Tegra® K1 devices.

 

For more information on Concurrent Technologies Plc and its products please visit www.cct.co.uk.

All trademarks, registered trademarks and trade names used in this announcement are the property of their respective owners.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTFMMMTMBAJBFF
Date   Source Headline
9th Dec 20114:53 pmRNSProduct Launch
2nd Dec 201111:03 amRNSProduct Launch
13th Sep 201110:30 amRNSDirector/PDMR Shareholding
1st Sep 20117:00 amRNSInterim Results
25th Aug 20115:00 pmRNSNotice of Interim Results
29th Jul 20113:24 pmRNSTotal Voting Rights
30th Jun 201112:16 pmRNSTotal Voting Rights
25th May 20114:09 pmRNSHolding(s) in Company
20th May 20111:33 pmRNSAGM Statement
27th Apr 20117:00 amRNSDistribution of Annual Report & Accounts
26th Apr 20112:54 pmRNSTotal Voting Rights
25th Mar 20117:00 amPRNFinal Results
18th Mar 201111:34 amRNSNotice of Results
11th Mar 201112:13 pmRNSDividend Declaration
3rd Mar 20111:40 pmRNSHolding(s) in Company
31st Jan 201111:14 amRNSHolding(s) in Company
6th Jan 201110:38 amRNSHolding(s) in Company
6th Jan 20117:00 amRNSProduct Launch
24th Dec 201011:55 amRNSTotal Voting Rights
22nd Dec 20107:00 amRNSTrading Statement
17th Dec 20103:45 pmRNSTransaction in Own Shares
13th Dec 20104:47 pmRNSTreasury Shares
9th Dec 20103:17 pmRNSTransaction in Own Shares
7th Dec 201010:46 amRNSTransaction in Own Shares
16th Nov 20109:30 amRNSHolding(s) in Company
16th Nov 20109:30 amRNSHolding(s) in Company
26th Oct 20104:39 pmRNSHolding(s) in Company
26th Oct 20104:39 pmRNSHolding(s) in Company
6th Oct 20104:16 pmPRNProduct Launch
30th Sep 20106:04 pmRNSTotal Voting Rights
31st Aug 20107:00 amRNSInterim Results
25th Aug 20102:18 pmPRNNotice of Results
18th Aug 20107:00 amPRNChange of Adviser
20th Jul 201010:08 amRNSTrading Update
25th Jun 201010:10 amRNSProduct Launch
10th Jun 20101:00 pmRNSHolding(s) in Company
21st May 20102:11 pmRNSAGM Statement
4th May 20107:00 amRNSDistribution of Annual Report
16th Apr 201011:05 amRNSDirector/PDMR Shareholding
15th Apr 20107:00 amPRNFinal Results
12th Apr 201010:12 amPRNProduct Launch
9th Apr 20103:47 pmPRNNotice of Results
6th Apr 201011:26 amPRNProduct Launch
2nd Mar 201011:22 amRNSDividend Declaration
23rd Feb 20109:14 amRNSLockheed Martin STAR Supplier Award Win
29th Jan 201010:47 amRNSProduct Launch
7th Jan 20104:45 pmRNSProduct Launch
5th Jan 20109:31 amRNSTrading Update
24th Dec 20099:15 amRNSTotal Voting Rights
2nd Dec 200912:00 pmRNSTransaction in Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.