RNS Number : 0213R
Concurrent Technologies PLC
24 October 2023
 

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

 

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