7 Jan 2020 15:00
AdEPT Technology Group plc("AdEPT" or the "Company")
Grant of options
AdEPT Technology Group plc (AIM: ADT), one of the UK's leading independent providers of managed services for IT, unified communications, connectivity, voice and cloud services, announces that it has granted options to Phil Race, the Company's Chief Executive Officer, over 237,018 ordinary shares of 10 pence each in the Company ("Ordinary Shares"). This grant of options form part of the remuneration package agreed under the employment terms for Phil Race following his appointment as CEO on 20 December 2018.
The options have an exercise price of 333 pence, being the closing mid-market price on 31 December 2019, and will vest three years after the date of issue. Following the grant of options, Phil Race holds options over 474,036 Ordinary Shares.
For further information please contact:
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Overview of AdEPT Technology Group plc
AdEPT Technology Group plc is one of the UK's leading independent providers of managed services for IT, unified communications, connectivity and voice solutions. 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 quoted on AIM, operated by the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept.co.uk
1 | Details of the relevant person / person closely associated | |||||
a) | Name | Phil Race | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director of AdEPT Technology Group plc | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | AdEPT Technology Group plc | ||||
b) | LEI | 213800T1WNDEXVBGMP93 | ||||
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 | ||||
Identification code | GB00B0WY3Y47
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b) | Nature of the transaction | Grant of options | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information | |||||
- Aggregated volume | As above | |||||
- Price | As above | |||||
e) | Date of the transaction | 1 January 2020 | ||||
f) | Place of the transaction | AIM
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