AdEPT Technology Group PLC Grant of options (8051K)

TIDMADT

RNS Number : 8051K

AdEPT Technology Group PLC

06 January 2021

AdEPT Technology Group PLC

("AdEPT" or the "Company" together with its subsidiaries the "AdEPT Group")

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, and Andy Lovett, the Company's Chief Operating Officer, each over 125,149 ordinary shares of 10 pence each in the Company ("Ordinary Shares").

The options have an exercise price of 220 pence, being the closing mid-market price on 31 December 2020, and will vest three years after the date of issue. Following the grant of options, Phil Race and Andy Lovett hold options over 599,185 and 225,149 Ordinary Shares respectively.

For further information please contact:

 
  AdEPT Technology Group plc 
    Ian Fishwick, Chairman           07720 555 050 
    Phil Race, Chief Executive        07798 575 338 
    John Swaite, Finance Director     01892 550 243 
 
    N+1 Singer 
    Nominated Adviser & Broker 
    Shaun Dobson/Iqra Amin            020 7496 3000 
 

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/       Initial notification 
       Amendment 
     --------------------------  --------------------------------------- 
 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          Ordinary Shares 
       financial instrument, 
       type of instrument 
      Identification code         GB00B0WY3Y47 
     --------------------------  --------------------------------------- 
 b)   Nature of the transaction   Grant of options 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)     Volume(s) 
                                     220 pence    125,149 
                                                 ---------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information 
      - Aggregated volume         As above 
      - Price                     As above 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     1 January 2021 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    AIM 
     --------------------------  --------------------------------------- 
 
 
 1    Details of the relevant person / person closely associated 
 a)   Name                        Paul Andrew Lovett 
     --------------------------  --------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status             Director of AdEPT Technology Group plc 
     --------------------------  --------------------------------------- 
 b)   Initial notification/       Initial notification 
       Amendment 
     --------------------------  --------------------------------------- 
 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          Ordinary Shares 
       financial instrument, 
       type of instrument 
      Identification code         GB00B0WY3Y47 
     --------------------------  --------------------------------------- 
 b)   Nature of the transaction   Grant of options 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)     Volume(s) 
                                     220 pence    125,149 
                                                 ---------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information 
      - Aggregated volume         As above 
      - Price                     As above 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     1 January 2021 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    AIM 
     --------------------------  --------------------------------------- 
 

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January 06, 2021 08:15 ET (13:15 GMT)