23 May 2022 14:46
23 May 2022
Concurrent Technologies Plc
(the 'Company')
Issue of Share options and PDMR dealing
The Board of Concurrent Technologies Plc (AIM:CNC) announces that, on 20 May 2022, the Company granted share options (the "Share Options") over 233,519 ordinary shares of 1p each in the share capital of the Company to 3 employees, including a certain person discharging managerial responsibilities, as detailed below.
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 average basic earnings per Ordinary Share for the complete years commencing with 1st January 2022 and ending with the year ending 31st December 2024.
Enquiries:
Concurrent Technologies Plc Miles Adcock - CEO Kim Garrod - CFO |
+44 (0)1206 752626 |
SEC 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 Plc develops and manufactures high-end embedded computer products 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 9th 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.
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 Incentive Plan | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1.0 pence | 153,061 ordinary shares | ||
d) | Aggregated information Aggregated volume price | N/A - Single Transaction | |
e) | Date of the transaction | 20 May 2022 | |
f) | Place of the transaction | Outside a trading venue | |
Concurrent Technologies (CNC)